On April 26, 2024, the company will issue 350,324 series A-1 preferred shares at an issue price of $22.8359 per share for gross proceeds of $7,999,963.8316, and 176,467 series A-2 preferred shares at an issue price of $17.0001 per share for gross proceeds of $2,999,956.6467, for gross aggregate proceeds of $10,999,920.4783 in the transaction. The preferred shares have a par value of $0.0001 per share. The preferred shares will be convertible into common shares at a fixed conversion price of $22.8359 and $17.0001 per share respectively.

The company will receive $8,000,000 pursuant to exemption provided under Regulation D.