Item 1.01 Entry into a Material Definitive Agreement.
On
The Company intends to utilize the net proceeds from the sales of the units for working capital and general corporate purposes.
The Warrants are exercisable for cash only. The number of Warrant Shares to be issued upon exercise of the Warrants is subject to adjustment for subdivision or consolidation of shares and certain other corporate events.
The foregoing descriptions of the Subscription Agreement and the Warrant are not complete and are qualified in their entirety by reference to the full text of such documents, copies of which are attached hereto as Exhibits 10.1 and 10.2, respectively, and incorporated herein by reference.
Item 3.02 Unregistered Sale of
Reference is made to the disclosure set forth under Item 1.01 above, which disclosure is incorporated herein by reference.
The issuances of the units, Common Stock and Warrants were, and, upon exercise
of the Warrants, the issuances of the Warrants Shares will be, exempt from
registration under Section 4(a)(2) and/or Rule 506(b) of Regulation D as
promulgated by the
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description 10.1 Form of Subscription Agreement 10.2 Form of Warrant 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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