The "offer up to $1,000,000 in 400 units" in question here is related to Class B Convertible Preferred Stock, not Common Stock per my understanding. I highly doubt A/S will be raised, if at all in the future.
Directly from March 9th 8K:
"(a) Securities to be sold
The Registrant expects to offer up to $1,000,000 in 400 units of its securities (the “Units”) offered at $2,500 each comprised of one Series 2021 Class B Preferred Convertible, Subordinated Debenture in the principal sum of $1,000 yielding annual interest at the rate of 8% payable in one balloon installment on and after March 31, 2023 and convertible into shares of Class B Convertible Preferred Stock at a conversion price of $1.75 per share; 1,000 shares of Class B Convertible Preferred Stock; and, Warrants to purchase an additional 2,000 shares of Class B Convertible Preferred Stock at an exercise price of $1.75 per Share until March 31, 2023. Each share of the Class B Convertible Preferred Stock is convertible into ten shares of Puget’s Common Stock with provisions restricting a reduction in the number of shares of Common Stock into which it can be converted notwithstanding changes in capitalization (such as reverse stock splits).
The Registrant expects to initiate the limited offering on or about April 1, 2021."
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