UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: following paragraphs set forth certain information with respect to all securities sold by the Company during the three months
−Removed: ended September 30, 2020 without registration under the Securities Act:
−Removed: September 2020, the company received aggregate proceeds of $25,000 for the sale of warrants from the Warrant Purchase Agreement.
−Removed: the three months ended September 30, 2020, the Company issued a total of 379,957 shares of common stock from the exercise of warrants
−Removed: and cash proceeds of $622,763.
−Removed: the three months ended September 30, 2020, the Company issued a total of 335,600 shares of common stock from the exercise of stock
−Removed: options with cash proceeds of $300,400.
−Removed: the three months ended September 30, 2020, the Company issued a total of 331,270 shares of common stock from the cashless exercise
−Removed: of stock options.
−Removed: the three months ended September 30, 2020, the Company issued a total of 375,447 shares of common stock for share liability totaling
−Removed: of September 30, 2020, the Company has $218,848 in cash from investors which is recorded as a liability to issue shares until
−Removed: such time as the shares are issued.
+Added: following disclosures set forth certain information with respect to all securities sold by the Company during the three months ended
+Added: March 31, 2021 without registration under the Securities Act:
+Added: February 11, 2021, the Company consummated the closing of a private placement offering whereby, pursuant to the securities purchase agreement
+Added: entered into by the Company and certain accredited investors on February 11, 2021, the investors purchased 608,696 shares of the Company’s
+Added: common stock par value $0.01 per share at a purchase price of $23.00 per share for aggregate gross proceeds of approximately 14.0 million
+Added: (the “Purchase Price”).
+Added: The Purchase Price was funded on the closing date and resulted in net proceeds to the Company of
+Added: approximately $13.5 million after deducting fees payable to the placement agent and other estimated offering expenses payable by the
+Added: the three months ended March 31, 2021, the Company issued an aggregate of 1,203,750 shares of common stock for services expensed in prior
above transactions did not involve any underwriters, underwriting discounts or commissions, or any public offering.
−Removed: relied upon the exemption from the registration requirements of the Securities Act of 1933, as amended (the “Act”)
−Removed: by virtue of Section 4(a)(2) thereof and/or Regulation D promulgated by the SEC under the Act.
+Added: The Company relied
+Added: upon the exemption from the registration requirements of the Securities Act of 1933, as amended (the “Act”) by virtue of
+Added: Section 4(a)(2) thereof and/or Regulation D promulgated by the SEC under the Act.
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.