What changed in this filing

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Item 2. Unregistered Sales of Equity Securities

2025-08-14 compared with 2025-05-20 · 20 added, 24 removed, 3 unchanged (94% of the section changed)

Unregistered Sales of Equity Securities

and Use of Proceeds

The following “Use of Proceeds” information

relates to the registration statement on Form S-1, as amended (File Number 333-282621), for our IPO, which was declared effective by the

SEC on February 7, 2025.

On February 18, 2025, we completed our IPO, in which we registered, issued and sold an aggregate of 1,667,000

shares of common stock, at a public offering price of $6.00 per share for $10,002,000.

Bancroft Capital, LLC was the representative of

the underwriters of our IPO.

We incurred approximately $1,102 in expenses in

connection with our IPO, which included approximately $550 in underwriting discounts, approximately $100 in expenses paid to or

for underwriters, approximately $440 in legal and financial service fees, and approximately $12 in other expenses.

transaction expenses included payments to directors or officers of our Company or their associates, persons owning more than 10% or more

of our equity securities or our affiliates.

None of the net proceeds we received from the IPO were paid, directly or indirectly, to any

of our directors or officers or their associates, persons owning 10% or more of our equity securities or our affiliates.

Unregistered Sales of Equity Securities and Use of Proceeds

following “Use of Proceeds” information relates to the registration statement on Form S-1, as amended (File Number 333-282621),

for our initial public offering (the “IPO”), which registration statement was declared effective by the SEC on February 7,

On February 18, 2025, we completed our IPO, in which we registered, issued and sold an aggregate of 1,667,000 shares of common

stock, at a public offering price of $6.00 per share for $10,002,000.

Bancroft Capital, LLC was the representative of the underwriters

incurred approximately $1,102,000 in expenses in connection with our IPO, which included approximately $550,000 in underwriting discounts,

approximately $100,000 in expenses paid to or for underwriters, approximately $440,000 in legal and financial service fees, and approximately

$12,000 in other expenses.

None of the transaction expenses included payments to directors or officers of our Company or their associates,

persons owning more than 10% or more of our equity securities or our affiliates.

None of the net proceeds we received from the IPO were

paid, directly or indirectly, to any of our directors or officers or their associates, persons owning 10% or more of our equity securities

or our affiliates.

net proceeds raised from the IPO were approximately $8,900,000, after deducting underwriting discounts and the offering expenses payable

As of the date of this quarterly report, we have used approximately $2,500, $2,000, $2,000, $1,800,

and $300 from the net proceeds for (i) advisory services for future financing related to acquisitions, business development and

growth initiatives, (ii) repayment of short-term loans, (iii) marketing efforts to boost brand awareness, (iv) working capital and general

corporate purposes to support day-to-day operations, and (v) research and development for platform enhancement, respectively.

to use the remaining proceeds from our IPO largely in the manner disclosed in our registration statement on Form S-1, as amended (File

Number 333-282621).

As of the date of this quarterly report, we have used approximately $2,500,000, $2,000,000, $2,000,000, $1,800,000, and $300,000

from the net proceeds for (i) advisory services for future financing related to acquisitions, business development and growth initiatives,

(ii) repayment of short-term loans, (iii) marketing efforts to boost brand awareness, (iv) working capital and general corporate purposes

to support day-to-day operations, and (v) research and development for platform enhancement, respectively.

We intend to use the remaining

proceeds from our IPO largely in the manner disclosed in our registration statement on Form S-1, as amended (File Number 333-282621).

Defaults Upon Senior Securities

Not applicable.

Mine Safety Disclosures

Not applicable.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 2. Unregistered Sales of Equity Securities