A back room deal with the underwriters to support the stock at 75 cents, which will become the price of the offering. Probably announced after market close today unless it all falls apart with heavy market sells as the day progresses. Interestingly, it seems it's our old market nemesis Canaccord that comes to "the rescue".
A 25% dilution and 35% share price drop in two days. That's about as much as the market will bear without driving the stock completely into bankruptcy and oblivion.