Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
Unregistered Sales of Equity Securities
On February 23, 2023, we issued 10,850,000 common shares priced at $1.00 per share to Allseas as payment for the third milestone amounting to $10 million and additional costs owed to Allseas under the PMTA. The common shares were issued pursuant to and in accordance with the exemption from registration under Section 4(a)(2) of the Securities Act.
Issuer Purchases of Equity Securities
We did not repurchase any of our equity securities during the three months ended March 31, 2023.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES.
Not applicable.
ITEM 4. MINE SAFETY DISCLOSURES.
Not applicable.
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