Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
On January 27, 2022, the Company sold an aggregate of 1,000,000 shares of common stock at a purchase price of $2.00 per share to Octopus Titan VCT plc and Octopus Investments Nominees. Such issuance was exempt from registration under 4(a)(2) of the Securities Act of 1933, as amended and Regulation D promulgated thereunder.
On February 28, 2022, the Company issued 12,500 shares of common stock at a value of $3.50 per share to a consultant. Such issuance was exempt from registration under 4(a)(2) of the Securities Act of 1933, as amended and Regulation D promulgated thereunder.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not Applicable.
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