Item 2. Unregistered Sales of Equity Securities
ITEM
2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Recent
Sales of Unregistered Securities
There
are no unregistered sales of equity securities during the period covered by this report that were not previously reported in a Current
Report on Form 8-K.
Use
of Proceeds
On
February 14, 2022, we completed our initial public offering. We received approximately $20.5 million in net proceeds after deducting
underwriting discounts and commissions of $1.8 million and offering expenses of approximately $700,000. There has been no material change
in the use of proceeds from our initial public offering as described in our final prospectus filed with the SEC pursuant to Rule 424(b)
of the Securities Act of 1933, as amended, and other periodic reports previously filed with the SEC.
ITEM
3. DEFAULTS UPON SENIOR SECURITIES
None.
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.