Quarterly report [Sections 13 or 15(d)]

Related Party Transaction

v3.25.1
Related Party Transaction
3 Months Ended
Mar. 31, 2025
Related Party Transactions [Abstract]  
Related Party Transaction

8. Related Party Transaction

 

In connection with the January 2025 PIPE financing, certain Company insiders, including the Company’s CEO, Chief Financial Officer and certain members of the Company’s board of directors, participated in the offering. These Company insiders purchased an aggregate of 1,220,476 Common Stock and Warrants to purchase up to an aggregate of 1,220,476 shares of Common Stock, for an aggregate purchase price of $1.55 million. The purchase price per share and accompanying Warrant for these Company insiders was the same as paid by other investors in the January 2025 PIPE.