Item 2. Unregistered Sales of Equity Securities
ITEM
2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
During
the three months ended March 31, 2026, the Company entered into the following unregistered sales of equity securities:
●
Sold
280,000 shares of common stock for gross proceeds of $40,000 to certain accredited investors. The sale did not include any underwriting
discounts or commissions and
●
Issued 2,009,379 shares of common stock upon the exercise of certain stock options
All
of the securities described above were issued in reliance on the exemption from registration provided by Rule 506(b) of the Securities
Act of 1933.
ITEM
3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM
4. MINE SAFETY DISCLOSURES
Not
applicable.
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