Item 2. Unregistered Sales of Equity Securities
ITEM 2.
UNREGISTERED SALES OF EQUITY SECURITIES
Warrant-Related Issuances
In January 2021, we issued an aggregate of 735,740 shares of Class B common stock to two accredited investors upon the net exercise of
warrants.
On May 11, 2021, we issued an aggregate of 516,868 shares of Class B common stock to two accredited investors upon the net exercise of
warrants.
We believe the foregoing transactions were exempt from registration under the Securities Act in reliance upon
Section 4(a)(2) of the Securities Act as transactions by an issuer not involving any public offering. The recipients of the securities in each of these transactions represented their intentions to acquire the securities for investment only and
not with a view to or for sale in connection with any distribution thereof, and appropriate legends were placed upon the stock certificates issued in these transactions. The Shares are convertible into shares of the Companys Class A Common
Stock in accordance with the Companys Amended and Restated Certificate of Incorporation.
None of the foregoing transactions
involved any underwriters, underwriting discounts or commissions or any public offering. All recipients had adequate access, through their relationships with us, to information about us. The sales of these securities were made without any general
solicitation or advertising.
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ITEM 3.
DEFAULTS UPON SENIOR SECURITIES
Not applicable.
ITEM 4.
MINE SAFETY DISCLOSURES
Not applicable.
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.