Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
On September 11, 2025, we sold 42,500 shares of our Class A Common Stock to an unaffiliated third party. The price of the Class A Common Stock was $10.00 per share, for a total purchase price of $425,000.
The issuance of the Class A Common Stock was made in reliance upon exemptions from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended, and Regulation D promulgated thereunder. The purchaser is an “accredited investor” as defined in Regulation D, and the sale of the Class A Common Stock was made without general solicitation or advertising. No commissions were paid in connection with the sale of these securities.
Item 3. Defaults upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
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