Item 3. Legal Proceedings
Item
3. Legal Proceedings
From
time to time, we are involved in lawsuits, claims, investigations, and proceedings, including pending opposition proceedings involving
patents that arise in the ordinary course of business.
On
January 29, 2025, the Company was named as a defendant in an action brought by LifeSci Capital LLC (“LifeSci”) in the U.S.
District Court for the Southern District of New York. The complaint alleges that the Company failed to pay $503,483 in connection with
offerings of the Company’s common stock that occurred during the tail period of the agreement, pursuant to an engagement under
which the Company retained LifeSci to serve as its placement agent and financial advisor.
On
March 17, 2025, the Company filed its answer, denying the material allegations in the complaint and asserting various affirmative defenses.
As of June 26, 2025, the matter is in the discovery phase.
The
Company disputes that any amount is owed to Lifesci and is vigorously defending the lawsuit.
Item
4. Mine Safety Disclosures
Not
applicable.
21
PART
II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.