Unregistered Sales of Equity Securities and Use of Proceeds, Issuer Purchases of Equity Securities.
−Removed: On August 1, 2024, we issued 250,000 unregistered shares of common stock to a third party for financial advisory services valued at approximately $0.04 million.
+Added: On January 29, 2025, we issued 250,000 nonqualified share options to a third-party, valued at approximately $0.2 million, as payment for consulting services over a one-year period.
+Added: The options vest over a one-year period, have an exercise price of $0.83 per share expire on January 29, 2028.
+Added: To the extent the options are exercised in the future, we will receive up to $0.2 million in proceeds which will be used to fund our operations.
+Added: The shares underlying the options were registered resale on a registration statement that was declared effective on April 24, 2025 (File No.
+Added: In addition, on January 29, 2025, we issued 100,000 performance-based RSUs, valued at approximately $0.1 million, to a third-party as incentive compensation under a consulting agreement.
Defaults Upon Senior Securities.
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