Item 8.01 Other Events.

On December 5, 2022, the Company closed the sale of an additional 375,000 of its previously announced 7.00% tangible equity units. The sale represents the full exercise by the underwriters in the Company's previously disclosed November 16, 2022 underwriting agreement of their option to purchase additional tangible equity units. The exercise generated net proceeds of approximately $18,187,500, which the Company intends to use for general corporate purposes.

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