Item 2. Unregistered Sales of Equity Securities
ITEM
2 – UNREGISTERED SALES OF EQUITY SECURITIES, USE OF PROCEEDS AND ISSUER PURCHASES OF EQUITY SECURITIES
On
July 17, 2023, we issued 121,422 shares of common stock at a deemed price of $1.75 per share to Benchmark pursuant to the cashless exercise
of warrants. We relied upon the exemption from registration under the Securities Act provided by Rule 506(b) or Section 4(a)(2) of the
Securities Act for the issuance of the shares to the entity that is a U.S. person.
On
August 3, 2023, we issued 260,000 shares of common stock at a price of $3.00 per share to three individuals pursuant to the exercise
of warrants. We relied upon the exemption from registration under the Securities Act provided by Rule 903 of Regulation S promulgated
under the Securities Act for the issuance of the 240,000 shares to the two individuals who are non-U.S. persons, and provided by Rule
506(b) or Section 4(a)(2) of the Securities Act for the issuance of the 20,000 shares to one individual who is a U.S. person.
On
August 3, 2023, we issued 12,500 shares of our common stock at a deemed price of $2.47 per share to one entity pursuant to a consulting
agreement dated February 27, 2023. We relied upon the exemption from registration under the Securities Act provided by Rule 506(b) or
Section 4(a)(2) of the Securities Act for the issuance of the shares to the entity that is a U.S. person.
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Table of Contents
On
September 5, 2023, we issued 2,500 shares of our common stock at a deemed price of $2.47 per share to one entity pursuant to a consulting
agreement dated February 27, 2023. We relied upon the exemption from registration under the Securities Act provided by Rule 506(b) or
Section 4(a)(2) of the Securities Act for the issuance of the shares to the entity that is a U.S. person.
On
September 5, 2023, we issued 70,000 shares of our common stock at a deemed price of $1.64 per share to one entity pursuant to a consulting
agreement dated April 23, 2023. We relied upon the exemption from registration under the Securities Act provided by Rule 506(b) or Section
4(a)(2) of the Securities Act for the issuance of the shares to the entity that is a U.S. person.
ITEM
3 – DEFAULTS UPON SENIOR SECURITIES
None
ITEM
4 – MINE SAFETY DISCLOSURES
Not
applicable
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