Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: On May 1, 2023, the Company issued Steven Rossi, the
−Removed: Company’s Chief Executive Officer and President, stock options to purchase up to an aggregate of 2,000,000 shares of common stock
−Removed: in agreement for Mr.
−Removed: Rossi’s agreement to modify 1,600,000 restricted stock units and 400,000 performance stock units issued to
+Added: May 1, 2023, the Company issued Steven Rossi, the Company’s Chief Executive Officer and President, stock options to purchase up
+Added: to an aggregate of 2,000,000 shares of common stock in agreement for Mr.
+Added: Rossi’s agreement to modify 1,600,000 restricted stock
+Added: units and 400,000 performance stock units issued to Mr.
Rossi on November 11, 2022 and December 29, 2021, respectively.
−Removed: The stock options issued to Mr.
−Removed: Rossi are exercisable for $1.74 per
−Removed: share and expire on May 1, 2033 and vest in increments of 10% for each dollar that the Company’s stock price increases between $2.00
−Removed: and $11.00, as measured using the volume weighted average price of the Company’s common stock for ten consecutive trading days.
−Removed: The stock options were issued outside of the Company’s
−Removed: equity incentive plans and the Company relied on the exemption from registration afforded the Company under Section 4(a)(2) of the Securities
+Added: The stock options
+Added: issued to Mr.
+Added: Rossi are exercisable for $1.74 per share and expire on May 1, 2033 and vest in increments of 10% for each dollar that
+Added: the Company’s stock price increases between $2.00 and $11.00, as measured using the volume weighted average price of the Company’s
+Added: common stock for ten consecutive trading days.
+Added: stock options were issued outside of the Company’s equity incentive plans and the Company relied on the exemption from registration
+Added: afforded the Company under Section 4(a)(2) of the Securities Act.
Defaults Upon Senior Securities
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