Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds
On June 11, 2025, the Company issued 48,708 shares of common stock
to Lincoln Park as a commitment fee in connection with the 2025 Purchase Agreement and subject to the 2025 Registration Rights
Agreement. The shares were subsequently registered.
42
Item 2(c). Purchases of Equity Securities
The following table shows the activity related to our share
repurchase program for the three months ended June 30, 2025:
Total
Number
of Shares
Purchased
Average
Price Paid
Per Share
Total Number
of Shares
Purchased as
Part of
Publicly
Announced
Plans or
Programs (1)
Maximum
Number (or
Approximate
Dollar Value)
of Shares that
May Yet be
Purchased
Under the
Plans or
Programs
September 2024 Program
April 1 through April 30, 2025
—
$
—
—
$
—
May 1 through May 31, 2025
150,000
19.31
150,000
4,051,125
June 1 through June 30, 2025
—
—
—
$
—
Second Quarter Total
150,000
$
19.31
150,000
$
4,051,125
(1) On September 6, 2024, the Board of Directors approved a share repurchase program pursuant
to which the Company may purchase up to $10.0 million in value of its outstanding common stock from time to time on the open market and
in privately negotiated transactions subject to market conditions, share price and other factors.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
None.
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.