Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: The following “Use of Proceeds” information relates to the registration statement on Form S-1, as amended (File Number 333-271185) for our initial public offering, which was declared effective by the SEC on July 31, 2023.
−Removed: In August 2023, we completed our initial public offering in which we issued and sold an aggregate of 1,250,000 shares of Class A common stock, at a price of $4.00 per share for $5,000,000.
−Removed: Maxim Group LLC was the representative of the underwriters of our initial public offering.
−Removed: We incurred approximately $770,000 in expenses in connection with our initial public offering, which included approximately $350,000 in underwriting discounts, approximately $100,000 in expenses paid to or for underwriters, and approximately $320,000 in other expenses.
+Added: The following “Use of Proceeds” information relates to the registration statement on Form S-1, as amended (File Number 333-271185) for our IPO, which was declared effective by the SEC on July 31, 2023.
+Added: In August 2023, we completed our IPO, in which we issued and sold an aggregate of 1,250,000 shares of Class A common stock, at a price of $4.00 per share for $5,000,000.
+Added: Maxim Group LLC was the representative of the underwriters of our IPO.
+Added: We incurred approximately $870,000 in expenses in connection with our IPO, which included approximately $350,000 in underwriting discounts, approximately $100,000 in expenses paid to or for underwriters, and approximately $320,000 in other expenses.
None of the transaction expenses included payments to directors or officers of our Company or their associates, persons owning more than 10% or more of our equity securities or our affiliates.
−Removed: None of the net proceeds we received from the initial public offering were paid, directly or indirectly, to any of our directors or officers or their associates, persons owning 10% or more of our equity securities or our affiliates.
−Removed: The net proceeds raised from the initial public offering were $4,230,000 after deducting underwriting discounts and the offering expenses payable by us.
+Added: None of the net proceeds we received from the IPO were paid, directly or indirectly, to any of our directors or officers or their associates, persons owning 10% or more of our equity securities or our affiliates.
+Added: The net proceeds raised from the IPO were $4,230,000 after deducting underwriting discounts and the offering expenses payable by us.
As of the date of this quarterly report, we have used approximately $3,530,000 for working capital and other general corporate purposes in support of our current business.
−Removed: We intend to use the remaining proceeds from our initial public offering in the manner disclosed in our registration statement on Form S-1, as amended (File Number 333-271185).
+Added: We intend to use the remaining proceeds from our IPO in the manner disclosed in our registration statement on Form S-1, as amended (File Number 333-271185).
Defaults Upon Senior Securities
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