Item 2. Unregistered Sales of Equity Securities
ITEM 2: Unregistered Sales of Equity Securities and Use of Proceeds
Issuance of Shares
On February 1, 2022, we issued 10,982,795 shares of common stock to holders of the Exchangeable Notes in satisfaction of principal, accrued interest and the makewhole payment, and all the Exchangeable Notes were cancelled in accordance with the terms of the indenture. The Company relied on the exemption provided by Section 3(a)(9) of the Securities Act of 1933, as amended, in connection with this exchange.
ITEM 3: Defaults Upon Senior Securities
Not applicable.
ITEM 4: Mine Safety Disclosures
Not applicable.
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