Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
In August 2021, the Company entered into a Stock Purchase Agreement with one individual investor. Under this Stock Purchase Agreement, the investor purchased 14,115 shares of common stock at a per-share price of $15.94, for total cash proceeds of $225,000. The securities under the Stock Purchase Agreement were offered and sold in reliance on an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to Section 4(a)(2) of the Securities Act. The Company intends to use the proceeds of the sale for general corporate purposes.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
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