Item 2. Unregistered Sales of Equity Securities
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
On July 28, 2021, the Company issued 200,000 shares of its Class A common stock to a vendor in connection with the settlement of a dispute alleging non-compensation
under a past services contract. We did not receive any proceeds from such issuance.
The securities described above were issued in reliance on the exemption from registration provided in Section 4(a)(2) of the Securities Act of 1933, as amended, for transactions by an issuer not involving a public offering. The vendor confirmed that it was an accredited investor and acknowledged that the securities must be acquired and held for investment.
Item 3.
Defaults Upon Senior Securities
None.
Item 4.
Mine Safety Disclosures
Not applicable.
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