Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Recent Sales of Unregistered Securities
As described in prior reports filed with the SEC, on December 4, 2024, the Company issued a convertible promissory note in the original principal amount of $4.5 million. In June 2025, the holder elected to convert that note in full, and the Company issued 2,538,939 shares of Company common stock to the holder in full satisfaction of amounts owed to the holder under that note.
As described in our Current Report on Form 8-K filed on June 13, 2025, the Company issued a convertible promissory note on that date in the original principal amount of $1.5 million.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
The Company did not repurchase any shares of Common Stock during the quarter ended June 30, 2025.
ITEM 3. DEFAULTS UPON SENIOR CREDIT FACILITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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