The company closed the initial tranche of a private placement offering on June 18, 2026. The offering involves the sale of common stock and warrants to purchase 1.5 additional shares for each share purchased. The initial tranche involved the sale of 357,143 shares and warrants for 535,715 shares to The Aeon Group, Inc. for $75,000. Warrants have an exercise price of $0.30 and a two-year term. The company plans to sell up to $750,000 in total under the Securities Purchase Agreement.