Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Pursuant to the January 2024 and February 2024 Merchant Cash Advance Agreements, on April 4, 2024, the Company issued and delivered certain warrants to purchase up to 108,389 and 81,788 shares of the Company’s common stock, to the FINRA-registered financial advisor that assisted with arranging the facility in satisfaction of certain fee obligations to the advisor. The warrants can be exercised for the issuance of shares, at an exercise price of $0.1852 and $0.139 per share, with expiration dates of January 22, 2027 and February 26, 2027, respectively.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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