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Issuer Purchases of Equity Securities
−Removed: The following table provides stock repurchase activity during the three months ended June 30, 2023:
−Removed: (a) Total Number of Shares (or Units) Purchased
−Removed: (b) Average Price Paid per Share (or Unit)
−Removed: (c) Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs
−Removed: (d) Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs
−Removed: April 1, 2023 through April 30, 2023
−Removed: May 1, 2023 through May 31, 2023
−Removed: June 1, 2023 through June 30, 2023
−Removed: a On April 13, 2023, the Company entered into an agreement with David Barker, the Chair of the Company’s board of directors, pursuant to which the Company agreed to issue and sell one share of the Company’s Series A Preferred Stock, par value $0.0001 per share for a purchase price of $100.00.
−Removed: On June 14, 2023, following the Company’s 2023 Annual Meeting of Stockholders, the one share of Series A Preferred Stock was automatically redeemed by the Company from Dr.
−Removed: Barker for a redemption price of $100.00.
+Added: On October 13, 2023, we issued $35.0 million aggregate principal amount of senior secured convertible notes due 2025 initially convertible at a price of $2.86 into 12.2 million shares of our common stock in reliance upon Rule 506 of Regulation D promulgated under the Securities Act, as a transaction not requiring registration under the Securities Act and was made without general solicitation or advertising.
+Added: Pursuant to the Purchase Agreement, the Purchaser represented that it is an accredited investor and that it is acquiring the securities for investment purposes only and not with a view to any resale, distribution or other disposition of such securities in violation of the Securities Act.
DEFAULTS UPON SENIOR SECURITIES
2 unchanged sentences
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.