Item 2. Unregistered Sales of Equity Securities
ITEM
2. Unregistered Sales of Equity Securities and Use of Proceeds
Recent
Unregistered Sales of Equity Securities
During
the three months ended September 30, 2024, we issued 65,204 shares of common stock upon the exercise of previously issued warrants as
follows:
●
58,282
shares were issued pursuant to the exercise of warrants at an exercise price of $9.50 per share, resulting in cash proceeds of approximately
$554,000; and
●
6,922
shares were issued pursuant to the exercise of 17,256 warrants in a cashless exercise whereby 10,334 shares with a value of $15.87
per share were used to settle the exercise price and the remaining 6,922 shares were issued to the warrant holders.
The
shares were issued pursuant to an exemption from registration under Section 4(a)(2) of the Securities Act.
Issuer
Purchases of Equity Securities
None
ITEM
3. Defaults Upon Senior Securities
None.
ITEM
4. Mine Safety Disclosures
None.
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