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SHAREHOLDERS' EQUITY
 3 Months Ended
Mar. 31, 2026
SHAREHOLDERS' EQUITY  
SHAREHOLDERS' EQUITY

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NOTE 4 – SHAREHOLDERS’ EQUITY:

a.Private Placement in Public Entity

There have been no material changes to the July 2022 Private Placement and the Securities Purchase Agreement, as previously disclosed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 11, 2026 (see Note 6 in the Notes to the Financial Statements in our Annual Report).

b.At-the-Market Program

During the three months ended March 31, 2026, the Company sold a total of 831 common shares under its ATM Program for total gross proceeds of approximately $7 thousand at an average selling price of $9.27 per share, resulting in net proceeds of approximately $7 thousand after deducting issuance fees.

As of March 31, 2026, approximately $60.0 million of securities remain available for issuance under the ATM Program.

c.Public Offering

In February 2025, the Company completed a public offering in which it sold 3,105,000 shares of common stock at $5.00 per share and received net proceeds of $14.0 million, after underwriting discounts and commissions of $1.1 million and other offering expenses of $0.4 million.

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