Item 2. Unregistered Sales of Equity Securities
Item 2.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
On April 28, 2026, the Company’s Board of Directors approved a share repurchase program authorizing the repurchase of up to $3.0 million of the outstanding
common stock of the Company (the “Repurchase Program”). Under the Repurchase Program, the Company may repurchase shares from time to time in the open market, through privately negotiated transactions, or by other means in accordance with applicable
securities laws. The Repurchase Program was effective on May 12, 2026 and has a term of one year. The Repurchase Program does not obligate the Company to repurchase any specific number of shares and may be suspended, modified, or discontinued at any
time.
No shares were repurchased by the Company during the three months ended June 30, 2026.
Item 3.
DEFAULTS UPON SENIOR SECURITIES
None.
Item 4.
MINE SAFETY DISCLOSURES
Not applicable.
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