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Recent Sales of Unregistered Securities
−Removed: There have been no sales of unregistered securities during the quarter ended June 30, 2025, except as set forth below:
−Removed: On April 7, 2025, the Company issued exchange warrants (the “Exchange Warrants”) to purchase 39,968 shares of the Company’s common stock, $0.0001 par value per share (the “Common Stock”), at an exercise price of $10.00 per share, in connection with a private exchange transaction in which certain of the Company’s senior notes held by an investor were exchanged for New Notes.
−Removed: As previously disclosed, on May 21, 2025, the Company issued Exchange Warrants to purchase 372,268 shares of the Common Stock at an exercise price of $10.00 per share, in connection with a private exchange transaction in which certain of the Company’s senior notes held by an investor were exchanged for New Notes.
−Removed: As previously disclosed, on June 30, 2025, the Company issued Exchange Warrants to purchase 52,000 shares of the Common Stock at an exercise price of $10.00 per share, in connection with a private exchange transaction in which certain of the Company’s senior notes held by an investor were exchanged for New Notes.
+Added: There have been no sales of unregistered securities during the quarter ended September 30, 2025, except as set forth below:
+Added: On July 11, 2025, the Company issued exchange warrants (the “Exchange Warrants”) to purchase 98,444 shares of the Company’s common stock, $0.0001 par value per share (the “Common Stock”), at an exercise price of $10.00 per share, in connection with a private exchange transaction in which certain of the Company’s senior notes held by an investor were exchanged for New Notes.
The Exchange Warrants contain certain anti-dilution provisions and upon exercise, the holders of the Exchange Warrants are entitled to dividends and distributions as if the Exchange Warrants had been exercised in full prior to the dividend or distribution date.
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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.