Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
On March 10, 2026, a warrant to purchase
up to 8,000 shares was exercised in full via a cashless exercise based on an exercise price of $2.00 per share, resulting in the issuance
to the holder of a net of 6,989 shares of common stock. The shares were issued in reliance on an exemption from registration set forth
in Section 4(a)(2) of the Securities Act of 1933, as amended (the “ Securities Act ”) to “accredited investors,”
as defined in Rule 501 of Regulation D of the SEC, without the use of any general solicitation or advertising to market
or otherwise offer the securities for sale. None of the shares issued were registered under the Securities Act or applicable
state securities laws and none may be offered or sold in the United States absent registration under the Securities Act, or an exemption
from such registration requirements.
We did not sell any other equity securities that
were not registered under the Securities Act during the quarter ended March 31, 2026, that were not otherwise disclosed in our Current
Reports on Form 8-K.
Item 3. Defaults upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
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.