Item 2. Unregistered Sales of Equity Securities
Item
2. Unregistered Sales of Equity Securities and Use of Proceeds
On
May 29, 2024, the Company approved the issuance to an investor relations firm it had engaged 150,000 unregistered shares of the Company’s
common stock. The offer and sale of the shares of common stock is exempt from the registration requirements of the Securities Act of
1933, as amended (the “Securities Act”), pursuant to Section 4(a)(2) of the Securities Act, as a transaction not involving
a public offering.
Except
as set forth above and as previously disclosed in our current reports on Form 8-K filed prior to the date of this Form 10-Q and in the
Annual Report, we did not sell any unregistered securities or repurchase any of our securities during the three months ended September
30, 2024.
See
Part I, Item 2 under the caption “ Liquidity and Capital Resources ” for a description of limitations on the payment
of dividends.
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