Item 2. Unregistered Sales of Equity Securities
Item
2. Unregistered
Sales of Equity Securities and Use of Proceeds
(a) Sales
of Unregistered Securities – None
(b) Use
of Proceeds – Not Applicable
(c) Issuer
Purchases of Securities
Stock
Repurchase Program
The
Company had previously approved a one-year stock repurchase program that authorized the repurchase of up to 500,000 of the Company’s
common shares through March 31, 2027. On July 20, 2026, the Board of Directors approved the termination of the Company's stock
repurchase program. As a result, the Company will no longer repurchase shares of its common stock under the program.
Shares
of the Company’s common stock were repurchased during the three months ended June 30, 2026, as detailed below.
Period Beginning on First Day of Month Ended
Total Number of Shares Purchased
Average Price Paid Per Share
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
Maximum Number of Shares That May Yet Be Purchased Under Plans or Programs
April 30, 2026
—
$ 0.00
—
133,431
May 31, 2026
8,580
$ 3.53
8,580
124,851
June 30, 2026
7,625
$ 3.53
7,625
117,226
Total
16,205
$ 3.53
16,205
Item
3. Defaults
Upon Senior Securities
None.
Item
4. Mine
Safety Disclosures
Not
Applicable.
35
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