Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
On October 12, 2022, the Company purchased certain assets from V&W Ag Consulting, LLC (“VW”). The total consideration for the purchase was common stock of the Company worth approximately $0.3 million, including an indemnity holdback of common stock worth approximately $0.1 million. 35,000 shares of common stock for the indemnity holdback payment were issued on June 1, 2023. These shares were issued in reliance on the exemption from registration under Section 4(a)(2) of the Securities Act.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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