REALLOYS INC. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds   Unregistered Sales of Securities   There have been no sales of unregistered securities during the period covered by the Report that have not been previously reported as required in Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and/or current reports on Form 8-K.   Use of Proceeds of Registered Securities   On January 7, 2022 the Company’s Board of Directors authorized a stock repurchase plan for up to $2,500,000 of the Company’s Common Stock. The program will terminate on December 31, 2023 or when the $2,500,000 authorized has been fully utilized. As of March 31, 2023, the Company has repurchased 171,940 shares of common stock for an aggregate purchase price of $1,102,375 (as adjusted for the April 10, 2023 reverse stock split at a ratio of 4 for 1) under the stock repurchase plan. In addition, the Company repurchased an additional 282,501 shares of common stock for $79,100 outside of the stock repurchase plan. This use of proceeds was not anticipated or disclosed in the Company’s prospectus.   Other than as described above, the proceeds of the public offering have been used as described in the prospectus to promote and market our Blackbox System platform and increase our subscriber base, and for general and administration expenses.   Purchases of Equity Securities by Issuer   The Company authorized a stock repurchase plan for up to $2,500,000 of the Company’s Common Stock on January 7, 2022. This plan  will terminate on December 31, 2023 or when the $2,500,000 authorized has been fully utilized. As of March 31, 2023, the Company had purchased a total of 171,940 shares at a total cost of $1,102,375 (as adjusted for the April 10, 2023 reverse stock split at a ratio of 4 for 1) under the plan. No purchases of treasury stock were made during the first three months of 2023 under the plan. In addition, the Company repurchased an additional 282,501 shares of common stock for $79,100 outside of the stock repurchase plan.   16 Table of Contents   Item 3. Defaults Upon Senior Securities   None.   Item 4. Mine Safety Disclosures   Not applicable.