What changed in this filing

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Item 2. Unregistered Sales of Equity Securities

2025-08-12 compared with 2025-05-14 · 13 added, 20 removed, 2 unchanged (94% of the section changed)

Unregistered Sales of Equity Securities

and Use of Proceeds.

On September 16, 2024, our registration statement

on Form S-1 registering our common stock was declared effective by the SEC.

On September 17, 2024, the Company completed the IPO of 1,550,000

shares of common stock at a price of $4.00 per share.

The Company received gross proceeds of $6,200,000, before deducting underwriting

discounts and commissions and offering expenses.

There has been no material change in the planned use

of proceeds from our IPO as described in our final prospectus filed with the SEC on September 17, 2024.

The Company issued a total of 1,055,100 shares to

Helena Global Investment Opportunities I Ltd., a Cayman Islands entity (“Helena”), in conjunction with entry into an up to

$30 million equity line of credit agreement (the “ELOC”).

The 1,055,100 shares were issued in two batches, with 670,641 shares

issued at the time of entry into the ELOC and 384,459 shares issued in April 2025 upon effectiveness of the registration statement on

Form S-1 (File No.

333-286662) registering the shares issued and issuable to Helena, with such shares being issued in reliance on an exemption

from registration pursuant to Section 4(a)(2) of the Securities Act.

Unregistered Sales of Equity Securities and Use of Proceeds.

September 16, 2024, our registration statement on Form S-1 registering our common stock was declared effective by the SEC.

17, 2024, the Company completed the IPO of 1,550,000 shares of common stock at a price of $4.00 per share.

The Company received gross

proceeds of $6,200,000, before deducting underwriting discounts and commissions and offering expenses.

has been no material change in the planned use of proceeds from our IPO as described in our final prospectus filed with the SEC on September

Company issued a total of 1,055,100 shares to Helena Global Investment Opportunities I Ltd., a Cayman Islands entity (“Helena”),

in conjunction with entry into an up to $30 million equity line of credit agreement (the “ELOC”).

The 1,055,100 shares were

issued in two batches, with 670,641 shares issued at the time of entry into the ELOC and 384,459 shares issued in April 2025 upon effectiveness

of the registration statement on Form S-1 (File No.

333-286662) registering the shares issued and issuable to Helena, with such shares

being issued in reliance on an exemption from registration pursuant to Section 4(a)(2) of the Securities Act.

Defaults Upon Senior Securities.

Not applicable.

Mine Safety Disclosure.

Not applicable.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 2. Unregistered Sales of Equity Securities