Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
On March 1, 2024, the Company issued 25,000 shares of the Company’s Common Stock with a par value of $0.001 per share in exchange for services rendered by MDM Worldwide Solutions. Such shares had a fair value of $40,250, or $1.61 per share, based upon the quoted closing trading price on the issuance date. The shares issued were not registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws. The Company relied on the exemption from the registration requirements of the Securities Act by virtue of Section 4(a)(2) thereof and Rule 506 of Regulation D thereunder.
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