We estimate that the total expenses of this offering, including
registration, filing and listing fees, printing fees and legal and
accounting expenses, but excluding the underwriting discounts and
commissions, will be approximately $600,000. We have agreed to
reimburse the underwriters for expenses relating to the clearance
of this offering with the Financial Industry Regulatory Authority,
Inc. and the qualification of the ADSs under “blue sky” laws in an
amount not to exceed $15,000.
A prospectus supplement and the accompanying prospectus in
electronic format may be made available on the web sites maintained
by one or more underwriter, or selling group members, if any,
participating in the offering. The underwriters may agree to
allocate a number of ADSs to underwriters and selling group members
for sale to their online brokerage account holders. Internet
distributions will be allocated by the representatives to
underwriters and selling group members that may make Internet
distributions on the same basis as other allocations.
We and members of our senior management, our directors, and certain
of our significant shareholders, have agreed with the underwriters,
subject to limited exceptions, not to, directly or indirectly,
offer, sell, contract to sell, pledge, grant any option to
purchase, make any short sale, or otherwise dispose of or hedge any
of our equity securities, or any options or warrants to purchase
our equity securities, or any securities convertible into, or
exchangeable for or that represent the right to receive, our equity
securities, or publicly announce any intention to do any of the
foregoing, without the prior written consent of the representatives
of the underwriters for a period of 90 days from the date of the
final prospectus supplement, whether owned as of the date of the
lock-up agreement or
thereafter acquired.
We have agreed to indemnify the underwriters against certain
liabilities, including liabilities under the Securities Act.
Our ADSs are listed on the Nasdaq Global Select Market under the
symbol “AUTL.”
In connection with this offering, the underwriters may engage in
stabilizing transactions, which involves making bids for,
purchasing and selling ADSs in the open market for the purpose of
preventing or retarding a decline in the market price of the ADS
while this offering is in progress. These stabilizing transactions
may include making short sales of the ADS, which involves the sale
by the underwriters of a greater number of ADSs than they are
required to purchase in this offering, and purchasing ADSs on the
open market to cover positions created by short sales.
The underwriters have advised us that, pursuant to Regulation M of
the Securities Act, it may also engage in other activities that
stabilize, maintain or otherwise affect the price of the ADS,
including the imposition of penalty bids. This means that if the
representatives of the underwriters purchase ADSs in the open
market in stabilizing transactions or to cover short sales, the
representatives can require the underwriters that sold those ADSs
as part of this offering to repay the underwriting discount
received by them.
These activities may have the effect of raising or maintaining the
market price of the ADS or preventing or retarding a decline in the
market price of the ADS, and, as a result, the price of the ADS may
be higher than the price that otherwise might exist in the open
market. If the underwriters commence these activities, they may
discontinue them at any time. The underwriters may carry out these
transactions on the Nasdaq Global Select Market, in the
over-the-counter market or
otherwise.
The underwriters and their affiliates have provided in the past to
us and our affiliates and may provide from time to time in the
future certain commercial banking, financial advisory, investment
banking and other services for us and such affiliates in the
ordinary course of their business, for which they have received and
may continue to receive customary fees and commissions. In
addition, from time to time, the underwriters and their affiliates
may effect transactions for their own account or the account of
customers, and hold on behalf of themselves or their customers,
long or short positions in our debt or equity securities or loans,
and may do so in the future.
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