Item 2. Unregistered Sales of Equity Securities
ITEM
2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Recent
Sale of Unregistered Equity Securities
During
the quarter ended March 31, 2026, no unregistered sales of equity securities occurred.
Repurchases
of Equity Securities
During
the three months ended March 31, 2026, the Company repurchased 867,678 shares of our common stock for $1,588,861. The following table
presents information with respect to purchases of common stock of the Company during the three months ended March 31, 2026, by the Company
or an “affiliated purchaser” of the Company, as defined in Rule 10b-18(a)(3) under the Exchange Act:
Period
Total Number of Shares Purchased (1)
Average Price Paid Per Share
Total
Number of Shares Purchased as Part of Publicly Announced Plans or Programs(2)
Approximate
Dollar Value of Shares That May Yet Be Purchased Under the Publicly Announced Plans or Programs
January 1, 2026 to January 31, 2026
48,539
$ 2.19
48,539
February 1, 2026 to February 28, 2026
742,804
$ 1.80
742,804
March 1, 2026 to March 31, 2026
76,335
$ 1.78
76,335
Total
867,678
$ 1.83
867,678
$ 98,411,139
(1)
The
shares were purchased pursuant to our share repurchase program (the “2025 Repurchase Program”) which was publicly announced
by the Company on October 9, 2025. The 2025 Repurchase Program provides for the repurchase of up to $100 million of our outstanding
shares of common stock and will continue in effect until terminated.
(2)
This
column discloses the number of shares purchased pursuant to the program during the indicated time periods.
Item
3. Default Upon Senior Securities
None
9
Item
4. Mine Safety Disclosures
Not
applicable
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