Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered sales of equity securities
In connection
with the Offering, the Company issued to the underwriter warrants (the “ Underwriter’s Warrants ”) to purchase
300,000 shares of Common Stock. The Underwriter’s Warrants have an exercise price of $2.50 per share, are immediately exercisable,
in whole or in part, and expire on August 11, 2030 . The Underwriter’s Warrants provide
for registration rights (including a one-time demand registration right and unlimited piggyback rights) and customary anti-dilution provisions.
Other than
the Underwriter’s Warrants issued in connection with the Offering as disclosed, there were no unregistered sales of equity securities
during the quarterly period ended September 30, 2025.
Item 3. Defaults Upon Senior Securities
None
Item 4. Mine Safety Disclosures
None
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