UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: On January 31, 2024, we entered
−Removed: into the AL SPA with Ault Lending for the purchase of up to 6,000 shares of Series B convertible preferred stock and warrants to purchase
−Removed: shares of the Company’s Common Stock.
−Removed: The AL SPA provides that Ault Lending may purchase up to $6 million of Series B Convertible
−Removed: Preferred Stock in one or more closings.
−Removed: On January 31, 2024, we sold
−Removed: 1,220 shares of Series B Convertible Preferred Stock and Warrants to purchase 1,220,000 shares of Common Stock with an exercise price
−Removed: of $1.20, for a total purchase price of $1.22 million.
−Removed: The purchase price was paid by the cancellation
−Removed: of $1.15 million of cash advances made by Ault Lending to us between November 9, 2023 and January 31, 2024 and a subscription receivable
+Added: On May 10, 2024, we sold 100
+Added: shares of Series A Convertible Preferred Stock and warrants to purchase 80,000 shares of common stock with an exercise price of $12.50,
+Added: for a total purchase price of $1.0 million.
+Added: The purchase price was paid by the surrender and cancellation
+Added: of a term note issued by us to Orchid of $311,356, consisting of $310,000 of principal and $1,356 of accrued and unpaid interest, $100,000
+Added: discount and net cash of $588,644.
+Added: On June 25, 2024, we sold
+Added: 150 shares of Series A Convertible Preferred Stock and warrants to purchase 120,000 shares of common stock with an exercise price of $12.50,
+Added: for a total purchase price of $1.5 million.
+Added: The purchase price was paid in cash.
DEFAULTS UPON SENIOR SECURITIES
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.