Item 2. Unregistered Sales of Equity Securities
ITEM 2.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Except as set forth in a previously
filed Form 8-K, in the three months ended March 31, 2026, and in the subsequent period through the date hereof, we had the following unregistered
issuance of our common stock, which was made pursuant to exemptions from registration as set forth in Section 4(a)(2) and/or Section 3(a)(9)
of the Securities Act, as applicable to each issuance: On February 9, 2026, we closed the second tranche of a private equity offering
entered into in November 2025 with an institutional investor under which we issued a total of 4,000,000 shares of our common stock to
the investor at an offering price of $2.50 per share resulting in gross proceeds to the Company in the amount of $10,000,000. We expect
to use the proceeds of this private offering to meet working capital needs and for other general corporate purposes.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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