Item 2. Unregistered Sales of Equity Securities
ITEM
2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Use
of Proceeds from Initial Public Offering
On
June 12, 2025, our Registration Statement on Form S-1, as amended (File No. 333-285149), for the IPO became effective, pursuant to which
we registered and sold an aggregate of 6,900,000 shares of our common stock, including the full exercise of the underwriters’ option
to purchase additional shares, at a price to the public of $10.00 per share, for aggregate gross proceeds of $69.0 million. There has
been no material change in the planned use of proceeds from our IPO as described in our prospectus filed pursuant to Rule 424(b)(4) under
the Securities Act with the SEC on June 16, 2025.
ITEM
3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM
4. MINE SAFETY DISCLOSURES
Not
applicable.
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