11/13/2025 | Press release | Distributed by Public on 11/13/2025 15:28
Unregistered Sales of Equity and Use of Proceeds.
Private Placements
On July 15, 2025, the Company issued an aggregate of 769,231 shares of common stock to Cantor Fitzgerald & Co. ("Cantor") in a private placement under the Securities Act in connection with that certain Engagement Letter, dated April 11, 2025, by and between the Company and Cantor.
During the three months ended September 30, 2025, the Company settled 5,673,734 newly-issued shares of our common stock for total net proceeds of $20.0 million, sold to B. Riley Principal Capital II, LLC under the Common Stock Purchase Agreement (the "Committed Equity Facility"), dated July 14, 2025.
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