The company entered into a securities purchase agreement on April 22, 2026, to issue and sell 16,129,033 shares of common stock and accompanying warrants. The combined purchase price for each share and accompanying warrant is $0.31. The offering resulted in gross proceeds of approximately $5.0 million before fees and expenses. The company also amended existing warrants held by an investor from January 2025, reducing their exercise price to $0.31 per share. Proceeds are intended for working capital and general corporate purposes.