Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The following table provides information with respect to repurchases
of our Common Stock during each month of the quarter ended March 31, 2024.
Issuer
Purchases of Common Stock (i)
Period
Total
Number
of Shares
Purchased
Average Price
Paid Per Share
Total Number
of Shares
Purchased as
Part of
Publicly Announced
Plans or
Programs
Maximum
Dollar
Value of
Shares That
May Yet Be
Purchased
Under the
Plans or
Programs
January 1, 2024 – January 31, 2024
0
$ 0
0
$ 1,000,000
February 1, 2024 – February 29, 2024
0
$ 0
0
$ 1,000,000
March 1, 2024 – March 31, 2024
74,890
$ 1.12
74,890
$ 915,909
Total
74,890
$ 1.12
74,890
$ 915,909
(i) All shares of Common Stock repurchased during the quarter ended
March 31, 2024 were made in open-market transactions pursuant to the authorization of the Company’s board of directors to repurchase
up to $1,000,000 of the Company’s common stock as publicly announced in the Company’s press release issued on January 30,
2024 and included as Exhibit 99.1 to the Company’s Current Report on Form 8-K filed on the same date. The authorization does not
have an expiration date. While the Company anticipates as of the date hereof that it will continue to repurchase shares of Common Stock
pursuant to the authorization, the Company is not obligated to repurchase any particular amount of Common Stock pursuant to the authorization
and the timing, method and amount of any repurchases made pursuant to the authorization in the future may depend on market conditions
and other factors.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.