Item 3.02 Unregistered Sales of
As previously reported, on
On
The shares of Series F Preferred Stock were not registered under the Securities Act of 1933, as amended (the "Securities Act"), but qualified for exemption under Section 4(a)(2) of the Securities Act. The issuance was exempt from registration under Section 4(a)(2) of the Securities Act because the issuance of such securities by the Company did not involve a "public offering," as defined in Section 4(a)(2) of the Securities Act, due to the insubstantial number of persons involved in the transaction, size of the offering, manner of the offering, amount of securities offered, and the sophistication of the Series F Preferred Stock holders.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
The information set forth in Item 3.02 of this Current Report on Form 8-K is incorporated by reference into this Item 5.02.
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