Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
On August 7, 2024, in connection with entering into the BMS License Agreement Amendment, we entered into a stock issuance agreement, or the BMS Stock Issuance Agreement, pursuant to which we issued BMS 230,415 shares of our common stock as consideration for entering into the BMS License Agreement Amendment. The BMS License Agreement Amendment amends the BMS License Agreement.
Pursuant to the BMS Stock Issuance Agreement, we filed a resale registration statement with the SEC on October 8, 2024, registering the shares issued to BMS for resale. Subject to complying with applicable securities laws, BMS is not subject to any restrictions with respect to the disposition of the shares. Additionally, BMS is not subject to any standstill restrictions.
The securities issued to BMS were sold in reliance on the exemption from registration requirements of the Securities Act provided by Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder as a transaction by an issuer not involving a public offering.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine and Safety Disclosures
Not applicable.
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