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Sales of Equity Securities
−Removed: The Company issued 360,902 and 481,312 restricted stock units (“RSUs”)
−Removed: on January 3, 2025 and March 4, 2025, respectively, to certain employees at fair values ranging from $2.18 to $2.43 per RSU.
−Removed: are subject to a three-year cliff-vesting period and are payable in shares of the Company’s common stock.
−Removed: The RSUs fully vest upon
−Removed: (i) death or disability or (ii) change of control.
+Added: June 30, 2025, the Company issued 289,779 shares of common stock to an investor upon the exercise of an equivalent amount of common stock
+Added: warrants for gross proceeds of $29.
+Added: June 9, 2025, the Company issued 42,016 shares of common stock to an investor upon conversion of an equivalent amount of Series B Preferred
+Added: May 21, 2025, the Company issued 430,580 shares of common stock to certain investors upon the exercise of an equivalent amount of common
+Added: stock warrants for gross proceeds of $1,002,963.
+Added: May 20, 2025, the Company issued 342,016 shares of common stock to certain investors upon conversion of an equivalent amount of Series
+Added: B Preferred Stock.
+Added: May 15, 2025, the Company issued 10,000 restricted stock units (“RSUs”) to an employee at a fair value of $2.36 per RSU.
+Added: The RSUs are subject to pro rata annual vesting over a three-year period and are payable in shares of the Company’s stock.
+Added: RSUs fully vest upon (i) death or disability or (ii) change of control.
Dividend equivalents accrue on RSUs and are paid upon vesting;
−Removed: there were no accrued
−Removed: dividends on unvested RSUs as of March 31, 2025.
−Removed: January 17, 2025, the Company issued 39,471 shares of common stock with a fair value of $112,493 to its Board of Directors for their
−Removed: service from April 1, 2024 through December 31, 2024.
−Removed: January 17, 2025, the Company issued 186,166 shares of common stock to an investor in exchange for 502,647 warrants in a cashless exercise
−Removed: Unless otherwise stated above, the issuances of these securities were made
−Removed: in reliance upon exemptions provided by Section 4(a)(2) of the Securities Act, Regulation D promulgated thereunder, or Securities Act
−Removed: Rule 701 for the offer and sale of securities not involving a public offering.
+Added: there were no accrued dividends on unvested RSUs as of June 30, 2025.
+Added: otherwise stated above, the issuances of these securities were made in reliance upon exemptions provided by Section 4(a)(2) of the Securities
+Added: Act, Regulation D promulgated thereunder, or Securities Act Rule 701 for the offer and sale of securities not involving a public offering.
DEFAULTS UPON SENIOR SECURITIES.
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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.