9.	Convertible Preferred Stock

In January 2015, the Company issued an aggregate of 162,407 shares of Series C convertible preferred stock to a new investor at a price of $5.84 per share for a total gross consideration of $950 thousand.

In February 2015, the Company issued 2,564,652 shares of Series C convertible preferred stock to another investor at a price of $5.84 per share for total gross consideration of $15.0 million.

The rights, privileges and preferences of the issued Series C convertible preferred stock in January and February 2015 are the same as the Series C convertible preferred stock outstanding as of December 31, 2014.

On July 23, 2015, upon the closing of the Merger, all of ViewRay Technologies, Inc.’s 30,381,987 shares of outstanding convertible preferred stock were converted into the Company’s common stock at a 1:1 conversion rate.

Convertible preferred stock as of September 30, 2015 and December 31, 2014 consisted of the following (in thousands, except share data):

	September 30, 2015
	Shares Authorized		Shares Issued and Outstanding		Aggregate Liquidation Preference		Net Carrying Value
			(Unaudited)
Series A		398,500		—	$	—	$	—
Series B		60,500,000		—		—		—
Series C		19,812,497		—		—		—
Total		80,710,997		—	$	—	$	—

	December 31, 2014
	Shares Authorized		Shares Issued and Outstanding		Aggregate Liquidation Preference		Net Carrying Value
Series A		398,500		162,109	$	3,004	$	3,003
Series B		60,500,000		22,308,230		113,405		112,080
Series C		13,562,497		5,184,589		30,323		30,027
Total		74,460,997		27,654,928	$	146,732	$	145,110