Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
On February 24, 2026, the Board authorized a share repurchase program, whereby the Company could repurchase up to $10.0 million worth of its common stock in open market transactions pursuant to Rule 10b-18 of the Exchange Act and a 10b5-1 trading plan. The program began on April 24, 2026 and continues for up to two years.
The following table contains information for shares of common stock repurchased pursuant to the program during the three months ended June 30, 2026.
Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs
April 1 - April 30, 2026 175,903 $ 1.34 175,903 $ 9,764,329
May 1 - May 31, 2026 288,821 1.36 288,821 9,372,276
June 1 - June 30, 2026 260,203 1.43 260,203 9,001,250
Total 724,927 $ 1.38 724,927 $ 9,001,250
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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