Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES
AND USE OF PROCEEDS.
The following table includes all unregistered sales
of securities made by the Company during the quarter ended April 30, 2025:
Date
Name
Consideration
Securities
Exemption from Registration
2/18/2025
John Michael Mosby
Cash
500,000
Rule 506 (b) of Regulation D
2/19/2025
Gordon E. Mosby
Cash
1,000,000
Rule 506 (b) of Regulation D
2/26/2025
Dwight McNeal Ford
Cash
125,000
Rule 506 (b) of Regulation D
2/28/2025
Gordon E. Mosby
Cash
500,000
Rule 506 (b) of Regulation D
3/3/2025
Dwight McNeal Ford
Cash
75,000
Rule 506 (b) of Regulation D
3/10/2025
Ubong E. Ituen
Cash
1,000,000
Rule 506 (b) of Regulation D
3/10/2025
Eno Ituen
Cash
333,333
Rule 506 (b) of Regulation D
3/12/2025
Deborah D. Phillips
Cash
250,000
Rule 506 (b) of Regulation D
3/12/2025
Dwight M. Ford
Cash
50,000
Rule 506 (b) of Regulation D
3/14/2025
Deborah D. Phillips
Cash
250,000
Rule 506 (b) of Regulation D
3/17/2025
Dwight M. Ford
Cash
50,000
Rule 506 (b) of Regulation D
3/20/2025
Ramanathan Gnanadesikan
Cash
350,000
Rule 506 (b) of Regulation D
3/26/2025
Yi Li
Cash
75,000
Rule 506 (b) of Regulation D
No commissions
were paid in connection with the sales of securities above. Proceeds from the sale of common stock were applied toward operating capital
to support the Company's operations.
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.