Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
In the first quarter of 2025, the Company issued 13,584,651 and 2,433,560 shares of common stock, respectively, to ATW I and SLS, upon their respective conversions of 1,319 and 200 shares of Series A Preference Stock.
The Company also issued 1,805,392 shares of Common Stock to ATW I and ATW II upon their converted of the 2024 Term Loan notes with a principal amount of $2,551,855 and interest payable of $318,718.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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