1 unchanged sentence
information set forth below relates to our issuances of securities without registration under the Securities Act of 1933.
−Removed: September 21, 2020, we issued 2,400,000 shares of common stock to an accredited investor for total proceeds of $240,000.
−Removed: the nine months ended September 30, 2020, the company issued a total of 5,332,186 shares of common stock to vendors for compensation
−Removed: and services rendered.
+Added: December 1, 2020 through March 15, 2021, we sold units priced at $25,000 per unit where each unit consisted of (i) an 8.0% Note in the
+Added: principal amount of $25,000 convertible into Common Stock (the “Note) and (ii) a warrant for the purchase of 83,333 shares of the
+Added: Company’s Common Stock (the “Warrant”).
+Added: sold 90 Units for total proceeds of $2,265,000.
+Added: After paying finder fees of $187,450 to our placement agent, we netted $2,077,550, which
+Added: will be used for working capital.
+Added: addition, we also entered into subscription agreements in connection with an equity placement offering of a maximum of $2,000,000 in
+Added: units (the “Equity Units”) where each Equity Unit consists of one share of Common Stock at a purchase price of $0.15 and
+Added: a warrant to purchase 0.5 share(s) of Common Stock at an exercise price of $0.225 per share.
+Added: We sold 6,983,333 Equity Units for total
+Added: proceeds of $1,047,500.
+Added: After paying finder fees of $100,763 to our placement agent, we netted $946,737, which was used to pay off the
+Added: remaining convertible note debt and will also be used for working capital.
securities were issued pursuant to Section 4(2) of the Securities Act and/or Rule 506 promulgated thereunder.
1 unchanged sentence
their intention to acquire the securities for investment only and not with a view towards distribution.
−Removed: The investors were given
−Removed: adequate information about us to make an informed investment decision.
+Added: The investors were given adequate
+Added: information about us to make an informed investment decision.
We did not engage in any general solicitation or advertising.
−Removed: We directed our transfer agent to issue the stock certificates with the appropriate restrictive legend affixed to the restricted
+Added: our transfer agent to issue the stock certificates with the appropriate restrictive legend affixed to the restricted stock.
Defaults upon Senior Securities
1 unchanged sentence
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.