The buyers of these shares have already had their money CUT IN HALF!
From December 31, 2024 to January 15, 2025, the Company has sold approximately 11.8 million shares of its common stock for net proceeds of approximately $11.4 million under the ATM Program. As a result of these transactions, the Company currently has stockholders’ equity in excess of $5.0 million. Accordingly, subject to notification by The Nasdaq Stock Market (“Nasdaq”), the Company believes that it now meets the minimum stockholders’ equity requirement for continued listing as set forth in Nasdaq Listing Rule 5550(b)(1).
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