Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
On May 22, 2023, we entered into a subscription agreement with two accredited investors (the “Investors”), pursuant to which we agreed to issue 204,843 shares of common stock as partial consideration for certain licenses and rights granted to the Company by the Investors. On July 14, 2023, we entered into an amendment to subscription agreement pursuant to which we agreed to issue an additional 39,059 shares of common stock as partial consideration for certain licenses and rights granted to the Company by the Investors. The shares were issued in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act and the applicable provisions of Regulation D promulgated thereunder.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
Not applicable.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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