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Warrants
9 Months Ended
Sep. 30, 2016
Warrants.  
Warrants

9. Warrants

Under the terms of the Senior Secured Term Loan, the Company granted approximately 376,691 warrants to purchase common stock with an exercise price of $2.3229 per common share, which expire on April 18, 2023. In connection with the IPO in July 2015, these warrants remain exercisable for common stock.