Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds
During the quarter ended June 30, 2021, we issued 2,035 shares of restricted
common stock to our independent directors in connection with our Director Compensation Plan. We also issued a total 232,806 shares of
stock in connection with the exercise of options.
In July 2021, we issued 123,178 shares of common stock in conjunction
with the exercise of stock options.
These securities were issued pursuant to Section 4(2) of the Securities
Act and/or Rule 506 promulgated thereunder. The holders represented their intention to acquire the securities for investment only and
not with a view towards distribution. The investors were given adequate information about us to make an informed investment decision.
We did not engage in any general solicitation or advertising. We directed our transfer agent to issue the stock certificates with the
appropriate restrictive legend affixed to the restricted stock.
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Item 3. Defaults upon Senior Securities
None
Item 4. Mine Safety Disclosure
N/A
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.