Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
On May 20, 2021, we issued 1,300,000 shares of common stock as commitment shares in connection with the sale of 650 shares of Series D Convertible Preferred Stock.
On June 17, 2021, we issued 3,170,730 shares of common stock upon conversion of 650 shares of our Series D Convertible Preferred Stock.
Each of the foregoing transactions was exempt from the registration requirements of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) thereof. In the alternative, the common stock issued upon the exercise of conversion rights is an exempt security pursuant to Section 3(a)(9) of the Securities Act of 1933, as amended.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
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