Item 2. Unregistered Sales of Equity Securities
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
On January 23, 2026, the Company issued 550,000 restricted
shares of common stock to executive officers of the Company. The shares of restricted stock were granted under the Company’s 2022
Equity Incentive Plan. The restricted shares issued to executive officers are subject to pro rata forfeiture through December 31, 2026.
On March 13, 2026, the Company issued 1,961 shares
of common stock to each of three of its independent directors as compensation for the three months ended March 31, 2026.
The shares issued above were
exempt from registration under Section 4(a)(2) of the Securities Act of 1933 and Rule 506(b) thereunder.
Issuer Purchases of Equity Securities
We did not repurchase any of our equity securities
during the three months ended March 31, 2026.
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.