Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
(a) There were no unregistered sales of equity securities for the nine months ended September 30, 2025.
a. On February 14, 2025, we entered into a pre-funded warrant (“Seward & Kissel Pre-Funded Warrant”) with Seward & Kissel LLP (“Seward & Kissel”) for up to 83,333 shares of common stock issuable to Seward & Kissel upon excise of the Seward & Kissel Pre-Funded Warrant. We chose to issue the Seward & Kissel Pre-Funded Warrant in consideration for Seward & Kissel’s outstanding legal fees and expenses of approximately $1.3 million.
b. On April 7, 2025, we entered into a pre-funded warrant (“Yield Point Pre-Funded Warrant”) with Yield Point NY LLC (the “Yield Point”) for up to 150,000 shares of common stock issuable to Yield Point upon exercise of the Yield Point Pre-Funded Warrant. We chose to issue the Yield Point Pre-Funded Warrant in consideration for the Investor’s execution and delivery of the Equity Purchase Agreement, dated April 7, 2025, between us and Yield Point in lieu of paying the Investor $1,800,000 in cash.
(b) None.
(c) None.
Item 3. Defaults Upon Senior Securities
(a) None.
(b) None.
Item 4. Mine Safety Disclosures
Not applicable.
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