Item 1.01 Entry into a Material Definitive Agreement.
On
subscription agreements (each, a “Subscription Agreement” and collectively, the
“Subscription Agreements”) with accredited investors relating to an offering
(the “Offering”) with respect to the sale of an aggregate of 5,359 shares of
newly designated Series A Convertible Preferred Stock, par value
share (the “Series A Preferred”), at a purchase price of
aggregate gross proceeds to the Company of approximately
In connection with the Offering, on
the Company filed a Certificate of Designation of Preferences, Rights and
Limitations of the Series A Preferred Stock (the “Series A Certificate of
Designation”) with the