<SEC-DOCUMENT>0001641172-25-011250.txt : 20250516
<SEC-HEADER>0001641172-25-011250.hdr.sgml : 20250516
<ACCEPTANCE-DATETIME>20250516161218
ACCESSION NUMBER:		0001641172-25-011250
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250516
DATE AS OF CHANGE:		20250516

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WRAP TECHNOLOGIES, INC.
		CENTRAL INDEX KEY:			0001702924
		STANDARD INDUSTRIAL CLASSIFICATION:	ORDNANCE & ACCESSORIES, (NO VEHICLES/GUIDED MISSILES) [3480]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				980551945
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-286782
		FILM NUMBER:		25959353

	BUSINESS ADDRESS:	
		STREET 1:		3480 MAIN HWY, SUITE 202
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33133
		BUSINESS PHONE:		800-583-2652

	MAIL ADDRESS:	
		STREET 1:		3480 MAIN HWY, SUITE 202
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33133
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<FILENAME>form424b3.htm
<DESCRIPTION>424B3
<TEXT>
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<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: right">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: right; margin-top: 0; margin-bottom: 0"><b>Filed Pursuant to Rule 424(b)(3)</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: right"><b>Registration No. 333-286782</b></p>

<p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0"><img src="form424b3_001.jpg" alt=""></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>WRAP TECHNOLOGIES, INC.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Up to 6,433,332 Shares of Common Stock </b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>(Inclusive of 3,216,666 Shares of Common Stock Issuable
Upon Exercise of Warrants)</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This prospectus of Wrap Technologies,
Inc., a Delaware corporation (the &ldquo;Company&rdquo; or &ldquo;Wrap&rdquo;), relates solely to the resale by the selling securityholders
named in this prospectus or their permitted transferees (the &ldquo;Selling Securityholders&rdquo;) of up to (i) 3,216,666 shares (the
&ldquo;Common Shares&rdquo;) of common stock of the Company, par value $0.0001 per share (the &ldquo;Common Stock&rdquo;) and (ii) 3,216,666
shares (the &ldquo;Warrant Shares&rdquo;) of Common Stock issuable upon exercise of certain warrants (&ldquo;Warrants&rdquo;), with an
exercise price of $1.80 per share. The Common Shares and Warrants were issued pursuant to that certain securities purchase agreement (the
&ldquo;Purchase Agreement&rdquo;), dated February 24, 2025, by and between the Company and the Selling Securityholders.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The securities that may be sold
by the Selling Securityholders are referred to in this prospectus as the &ldquo;Offered Securities.&rdquo; We will not receive any of
the proceeds from the sale by the Selling Securityholders of the Offered Securities; however, we will receive the exercise price of the
Warrants upon any exercise of the Warrants by payment of cash, with an exercise price of $1.80 per share. See &ldquo;<i>Description of
Securities to be Registered</i>.&rdquo; We intend to use those proceeds, if any, for general corporate purposes.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We believe the likelihood that
the Warrant holders will exercise their Warrants, and therefore the amount of cash proceeds that we would receive, is dependent upon
the trading price of our Common Stock. If the trading price for our Common Stock is less than $1.80 per share, we believe holders of
our Warrants are unlikely to exercise their Warrants. Conversely, these holders are more likely to exercise their Warrants the higher
the price of our Common Stock is above $1.80 per share. The closing price of our Common Stock on The Nasdaq Capital Market (&ldquo;Nasdaq&rdquo;)
on May 15, 2025 was below the Warrant exercise price of $1.80 per share.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We will bear all costs, expenses
and fees in connection with the registration of the Offered Securities, including with regard to compliance with state securities or &ldquo;blue
sky&rdquo; laws. The Selling Securityholders will bear all commissions and discounts, if any, attributable to their sale of the Offered
Securities, except as otherwise expressly set forth under &ldquo;<i>Plan of Distribution</i>&rdquo; beginning on page 14 of this prospectus.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Our registration of the Offered
Securities covered by this prospectus does not mean that the Selling Securityholders will offer or sell any of the Offered Securities.
The Selling Securityholders named in this prospectus, or their donees, pledgees, transferees or other successors-in-interest may sell
the Offered Securities covered by this prospectus in a number of different ways and at varying prices, including through public or private
transactions at prevailing market prices, at varying prices determined at the time of sale, at prices related to prevailing market prices
or at privately negotiated prices. For additional information on the possible methods of sale that may be used by the Selling Securityholders,
you should refer to the section of this prospectus entitled &ldquo;<i>Plan of Distribution</i>&rdquo; of this prospectus. If necessary,
the specific manner in which the Offered Securities may be offered and sold will be described in one or more supplements to this prospectus.
Any prospectus supplement may add, update or change information contained in this prospectus.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">No underwriter or other person
has been engaged to facilitate the sale of our Common Stock in this offering. The Selling Securityholders and any broker-dealers or agents
may, individually but not severally, be deemed to be an &ldquo;underwriter&rdquo; within the meaning of the Securities Act, of the shares
of Common Stock that they are offering pursuant to this prospectus.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Our Common Stock is listed on
Nasdaq under the symbol &ldquo;WRAP.&rdquo; On May 15, 2025, the last reported sale price of our Common Stock on Nasdaq was $1.53
per share.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><b>Investing in our securities
involves a high degree of risk. Before making any investment in our securities, you should read and carefully consider the risks described
in this prospectus under the heading &ldquo;<i>Risk Factors</i>&rdquo; beginning on page 4 of this prospectus and in our filings with the Securities and Exchange Commission, which are incorporated by reference in this prospectus
and in any applicable prospectus supplement. You should carefully read this prospectus and the accompanying prospectus supplement, together
with the documents we incorporate by reference, before you invest in our Common Stock.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><b>Neither the Securities and
Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus
is truthful or complete. Any representation to the contrary is a criminal offense.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">The date of this prospectus is May 16, 2025</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>


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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>TABLE OF CONTENTS</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="font: 10pt Times New Roman, Times, Serif">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-bottom: 1pt; padding-left: 9.25pt; text-indent: -9pt"><font style="font-size: 10pt"><b>&nbsp;</b></font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; width: 0.5in"><font style="font-size: 10pt"><b>Page</b></font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 9.25pt; text-indent: -9pt"><a href="#v_002"><font style="font-size: 10pt">ABOUT THIS PROSPECTUS</font></a></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">iii</td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 9.25pt; text-indent: -9pt"><a href="#v_003"><font style="font-size: 10pt">CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS</font></a></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">iv</td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 9.25pt; text-indent: -9pt"><a href="#v_004"><font style="font-size: 10pt">PROSPECTUS SUMMARY</font></a></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">1</td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 9.25pt; text-indent: -9pt"><a href="#v_005"><font style="font-size: 10pt">ABOUT THIS OFFERING</font></a></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">3</td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 9.25pt; text-indent: -9pt"><a href="#v_006"><font style="font-size: 10pt">RISK FACTORS</font></a></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">4</td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 9.25pt; text-indent: -9pt"><a href="#v_007"><font style="font-size: 10pt">USE OF PROCEEDS</font></a></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">6</td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 9.25pt; text-indent: -9pt"><a href="#v_008"><font style="font-size: 10pt">SELLING SECURITYHOLDERS</font></a></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">7</td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 9.25pt; text-indent: -9pt"><a href="#v_009"><font style="font-size: 10pt">DESCRIPTION OF SECURITIES TO BE REGISTERED</font></a></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">12</td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 9.25pt; text-indent: -9pt"><a href="#v_010"><font style="font-size: 10pt">PLAN OF DISTRIBUTION</font></a></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">14</td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 9.25pt; text-indent: -9pt"><a href="#v_011"><font style="font-size: 10pt">LEGAL MATTERS</font></a></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">16</td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 9.25pt; text-indent: -9pt"><a href="#v_012"><font style="font-size: 10pt">EXPERTS</font></a></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">16</td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 9.25pt; text-indent: -9pt"><a href="#v_013"><font style="font-size: 10pt">WHERE YOU CAN FIND MORE INFORMATION</font></a></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">16</td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 9.25pt; text-indent: -9pt"><a href="#v_014"><font style="font-size: 10pt">INCORPORATION OF CERTAIN INFORMATION BY REFERENCE</font></a></td>
    <td style="text-align: center; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">17</td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>You should rely only on the information contained
in this prospectus or a supplement to this prospectus, including the information incorporated herein by reference. Neither we nor the
Selling Securityholders have authorized anyone to provide you with different information. This prospectus is not an offer to sell securities,
and it is not soliciting an offer to buy securities, in any jurisdiction where the offer or sale is not permitted. You should not assume
that the information contained in this prospectus or any supplement to this prospectus, whether or not incorporated herein by reference,
is accurate as of any date other than the date indicated in those documents.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As used in this prospectus, the terms &ldquo;we,&rdquo;
&ldquo;us,&rdquo; &ldquo;our&rdquo; and the &ldquo;Company&rdquo; mean Wrap Technologies, Inc. and our wholly-owned subsidiaries, unless
otherwise indicated.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>


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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="text-transform: uppercase"><b><a name="v_002"></a>ABOUT THIS PROSPECTUS</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This prospectus is part of a registration statement
on Form S-1 that we filed with the U.S. Securities and Exchange Commission (the &ldquo;SEC&rdquo;). Under this registration process, the
Selling Securityholders may, from time to time, sell the securities offered by them described in this prospectus. We will not receive
any proceeds from the sale by the Selling Securityholders of the securities offered by them described in this prospectus, other than any
proceeds from any cash exercise of the Warrants.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Before you invest in our securities, you should read
carefully the registration statement (including the exhibits thereto) of which this prospectus forms a part, this prospectus, and any
accompanying prospectus supplement. We may also file a prospectus supplement or post-effective amendment to the registration statement
of which this prospectus forms a part that may contain material information relating to this offering. The prospectus supplement or post-effective
amendment may also add, update or change information contained in this prospectus. If there is any inconsistency between the information
in this prospectus and the applicable prospectus supplement or post-effective amendment, you should rely on the prospectus supplement
or post-effective amendment, as applicable. Before purchasing any securities, you should carefully read this prospectus, any post-effective
amendment, and any applicable prospectus supplement, together with the additional information described under the headings &ldquo;<i>Where
You Can Find More Information</i>&rdquo; and &ldquo;<i>Incorporation of Certain Information by Reference</i>.&rdquo;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Neither we nor the Selling Securityholders have authorized
anyone to provide you with any information or to make any representations other than those contained, or incorporated by reference, in
this prospectus, any post-effective amendment, or any applicable prospectus supplement prepared by or on behalf of us or to which we have
referred you. We and the Selling Securityholders take no responsibility for and can provide no assurance as to the reliability of any
other information that others may give you. This prospectus is an offer to sell only the securities offered hereby, but only under circumstances
and in jurisdictions where it is lawful to do so. You should not assume that the information contained in this prospectus or any applicable
prospectus supplement is accurate on any date subsequent to the date set forth on the front of the document or that any information we
have incorporated by reference is correct on any date subsequent to the date of the document incorporated by reference, even though this
prospectus or any applicable prospectus supplement is delivered, or securities are sold, on a later date.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This prospectus contains summaries of certain provisions
contained in some of the documents described herein, but reference is made to the actual documents for complete information. All of the
summaries are qualified in their entirety by the actual documents. Copies of some of the documents referred to herein have been filed,
will be filed, or will be incorporated by reference as exhibits to the registration statement of which this prospectus is a part, and
you may obtain copies of those documents as described below under the section entitled &ldquo;<i>Where You Can Find More Information</i>.&rdquo;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>


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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><a name="v_003"></a><font style="text-transform: uppercase"><b>CAUTIONARY
NOTE REGARDING FORWARD-LOOKING STATEMENTS</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This prospectus and the documents
incorporated by reference into this prospectus may contain or incorporate by reference forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;), and Section 21E of the Securities Exchange Act
of 1934, as amended (the &ldquo;Exchange Act&rdquo;). Such forward-looking statements are based upon management&rsquo;s assumptions, expectations,
projections, intentions and beliefs about future events. In some cases, predictive, future-tense or forward-looking words such as &ldquo;intend,&rdquo;
&ldquo;plan,&rdquo; &ldquo;predict,&rdquo; &ldquo;may,&rdquo; &ldquo;will,&rdquo; &ldquo;project,&rdquo; &ldquo;target,&rdquo; &ldquo;strategy,&rdquo;
&ldquo;estimate,&rdquo; &ldquo;anticipate,&rdquo; &ldquo;believe,&rdquo; &ldquo;expect,&rdquo; &ldquo;continue,&rdquo; &ldquo;potential,&rdquo;
&ldquo;opportunity,&rdquo; &ldquo;forecast,&rdquo; &ldquo;should&rdquo; and similar expressions, whether in the negative or affirmative,
that reflect our current views with respect to future events and operational, economic and financial performance are intended to identify
such forward-looking statements, but are not the exclusive means of identifying such statements. Such forward-looking statements are only
predictions, and actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking
statements as a result of risks and uncertainties, including, without limitation, the Company&rsquo;s ability to successfully implement
training programs for the use of its products; the Company&rsquo;s ability to manufacture and produce its products; the Company&rsquo;s
ability to develop sales for its new products; the acceptance of existing and future products, including the acceptance of the BolaWrap
150, Wrap Reality, our Body-Worn Camera and our Digital Evidence Management system; the risk that distributor and customer orders for
future deliveries are modified, rescheduled or cancelled in the normal course of business; the availability of funding to continue to
finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation
and sales cycle for the Company&rsquo;s product solution; product defects; litigation risks from alleged product-related injuries; risks
of government regulations; the impact resulting from geopolitical conflicts and any resulting sanctions; the ability to obtain export
licenses for countries outside of the US; the ability to obtain patents and defend IP against competitors; the impact of competitive products
and solutions; and the Company&rsquo;s ability to maintain and enhance its brand; the ability to maintain compliance with the Nasdaq Stock
Market&rsquo;s listing standards; the ability of the Company to timely and effectively implement controls and procedures required by Section
404 of the Sarbanes-Oxley Act of 2002; and risks resulting from the Company&rsquo;s status as a smaller reporting company, including that
reduced disclosure requirements may make shares of the Company&rsquo;s Common Stock less attractive to investors. Additional factors that
could cause actual results to differ materially from the results anticipated in these forward-looking statements are described in this
prospectus, including under the section entitled &ldquo;<i>Risk Factors</i>,&rdquo; in &ldquo;<i>Part I, Item 1A. &mdash; Risk Factors</i>&rdquo;
of the Company&rsquo;s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed on March 31, 2025 and the risk factors
described under the caption &ldquo;<i>Risk Factors</i>&rdquo; in any applicable prospectus supplement. See &ldquo;<i>Where You Can Find
More Information</i>&rdquo; and &ldquo;<i>Incorporation of Certain Information by Reference</i>.&rdquo; We advise you to carefully review
the reports and documents we file from time to time with the SEC, particularly our annual reports on Form 10-K, our quarterly reports
on Form 10-Q and our current reports on Form 8-K. The Company cautions readers that the forward-looking statements included in, or incorporated
by reference into, this prospectus represent our beliefs, expectations, estimates and assumptions only as of the date hereof and are not
intended to give any assurance as to future results. New factors emerge from time to time, and it is not possible for us to predict all
of these factors. Further, we cannot assess the effect of each such factor on our business or the extent to which any factor, or combination
of factors, may cause actual results to be materially different from those contained in any forward-looking statement.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">You should read this prospectus,
the documents incorporated by reference in this prospectus, and the documents that we reference in this prospectus and have filed as
exhibits to the registration statement of which this prospectus is a part completely and with the understanding that our actual future
results may be materially different from what we expect. We qualify all of our forward-looking statements by these cautionary statements.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<div style="font: 10pt Times New Roman, Times, Serif; padding: 1pt 4pt; border: Black 1pt solid">

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b><a name="v_004"></a>PROSPECTUS SUMMARY</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><i>This summary only highlights
the more detailed information appearing elsewhere in this prospectus. As this is a summary, it does not contain all of the information
that you should consider in making an investment decision. You should read this entire prospectus carefully, as well as any information
incorporated herein by reference, including the information under &ldquo;Risk Factors&rdquo; and our financial statements and the related
notes, before investing.</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&nbsp;</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><i>This prospectus describes the
general manner in which the Selling Securityholders identified in this prospectus, or any of their transferees, may offer from time to
time up to 3,216,666 Common Shares and 3,216,666 Warrant Shares issuable upon exercise of the Warrants. If necessary, the specific manner
in which the Offered Securities may be offered and sold will be described in a supplement to this prospectus, which supplement may also
add, update or change any of the information contained in this prospectus. To the extent there is a conflict between the information contained
in this prospectus and any applicable prospectus supplement, you should rely on the information in the prospectus supplement, provided
that if any statement in one of these documents is inconsistent with a statement in another document having a later date&mdash;for example,
a document incorporated by reference in this prospectus or any prospectus supplement&mdash;the statement in the document having the later
date modifies or supersedes the earlier statement.</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&nbsp;</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Our Company</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We are a global public safety
technology and services company that delivers safe and effective policing solutions to law enforcement and security personnel worldwide.
We are leading the movement for safer outcomes by equipping law enforcement with safer, non-painful compliance tools, and immersive training
fit for modern society. We began sales of our first public safety product, the BolaWrap 100 remote restraint device, in late 2018. In
the first quarter of 2022, we delivered a new generation product, the BolaWrap 150. The BolaWrap 150 is electronically deployed and is
more robust, smaller, lighter and simpler to deploy than the BolaWrap 100 that has since been phased out. In late 2020 we added a new
solution to our public safety technologies, our virtual reality (&ldquo;VR&rdquo;) training platform, Wrap Reality, and in August 2023
we acquired Intrensic, LLC, a Delaware limited liability company (&ldquo;Intrensic&rdquo;), which added a Body-Worn Camera (&ldquo;BWC&rdquo;)
and Digital Evidence Management (&ldquo;DEM&rdquo;) solution to our portfolio of policing solutions. Wrap Reality is now sold to law enforcement
agencies for simulation training as well as corrections departments for the societal reentry scenarios.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Our target market for our solutions
includes approximately 900,000 full-time sworn law enforcement officers in over 18,000 federal, state, and local law enforcement agencies
in the U.S. and over 12 million police officers in more than 100 countries. Additionally, we are exploring opportunities in other domestic
markets, such as military and private security. Our international focus is on countries with the largest police forces. According to 360iResearch,
a market research consulting firm, our non-lethal products are part of a global market segment expected to grow to $16.1 billion by 2027.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We focus our efforts on the following
products and services:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><i>BolaWrap Remote Restraint Device</i>
- a hand-held remote restraint device that discharges a seven and half-foot Kevlar tether to entangle an individual at a range of 10-25
feet. BolaWrap assists law enforcement to safely and effectively control encounters early without resorting to painful force options.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><i>Wrap Reality</i> - a law enforcement
3D training system employing immersive computer graphics VR with proprietary software-enabled content. It allows up to two participants
to enter a simulated training environment simultaneously, and customized weapons controllers enable trainees to engage in strategic decision
making along the force continuum. Wrap Reality has 45 scenarios for law enforcement and corrections and 15 scenarios for societal reentry.
Wrap Reality is one of the most robust 3D Virtual Reality solutions on the market for law enforcement and societal reentry today.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

</div>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>
<div style="border: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 1pt 4pt"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><i>Wrap Intrensic </i>- a Body-Worn
Camera and Digital Evidence Management solutions provider. BWC and DEM play crucial roles in capturing, storing, and managing digital
evidence, such as video and audio recordings for various purposes, including criminal investigations and maintaining transparency in public
interactions. The Wrap Intrensic X2 camera hardware and storage and data management capability, along with awareness of front-line operations,
provides customers with a solution to meet their challenges. Wrap Intrensic Evidence on our cloud-based video storage platform provides
an unlimited video storage platform that includes video and other evidence uploading, search, retrieval, redaction, and evidence sharing
while reducing the need for resources required to manage this evidence.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In addition to the U.S. law enforcement
market, we have shipped our restraint products to 62 countries. We have established an active distributor network representing 50 states
and one dealer representing the US territory of Puerto Rico. We have distribution agreements with 23 international distributors covering
63 countries. We focus significant sales, training and business development efforts to support our distribution network in addition to
our internal sales team.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We focus significant resources
on research and development innovations and continue to enhance our products and plan to introduce new products. We believe we have established
a strong brand and market presence globally and have established significant competitive advantages in our markets.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Implications of Being a Smaller Reporting Company</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We are a &ldquo;smaller reporting
company,&rdquo; meaning that the market value of our Common Stock held by non-affiliates is less than $700 million and our annual revenue
is less than $100 million during the most recently completed fiscal year. We may continue to be a smaller reporting company after this
offering if either (i) the market value of our stock held by non-affiliates is less than $250 million as of the last business day of our
second fiscal quarter or (ii) our annual revenue is less than $100 million during the most recently completed fiscal year and the market
value of our stock held by non-affiliates is less than $700 million. Specifically, as a smaller reporting company, we may choose to present
only the two most recent fiscal years of audited financial statements in our Annual Report on Form 10-K and smaller reporting companies
have reduced disclosure obligations regarding executive compensation.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Corporate Information</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company was originally formed
on October 3, 2007, as a global public safety technology and services company that provides public safety solutions, bringing together
cutting-edge technology with exceptional people to address the complex, modern day challenges facing public safety organizations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Our principal executive offices
are located at 3480 Main Hwy, Suite 202, Miami, Florida 33133. The telephone number of our principal executive offices is (800) 583-2652.
Our website address is https://wrap.com/. None of the information on our website or any other website identified herein is part of this
prospectus or the registration statement of which it forms a part.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

</div>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<div style="padding-right: 5.4pt; padding-left: 5.4pt; border: Black 1pt solid">

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b><a name="v_005"></a>ABOUT THIS OFFERING</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>&nbsp;</b></p>



<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="text-align: justify; padding: 0pt; font: 10pt Times New Roman, Times, Serif; width: 39%"><font style="font-size: 10pt"><b>Issuer</b></font></td>
    <td style="width: 2%">&nbsp;</td>
    <td style="text-align: justify; padding: 0pt; font: 10pt Times New Roman, Times, Serif; width: 59%">Wrap Technologies, Inc.</td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="text-align: justify; padding: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="text-align: justify; padding: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="text-align: justify; padding: 0pt; font: 10pt Times New Roman, Times, Serif"><font style="font-size: 10pt"><b>Shares of Common Stock Offered and Sold from Time to Time by the Selling Securityholders</b></font></td>
    <td>&nbsp;</td>
    <td style="text-align: justify; padding: 0pt; font: 10pt Times New Roman, Times, Serif">This prospectus relates to the offer and sale by the selling
    securityholders of up to 3,216,666 Common Shares and 3,216,666 Warrant Shares issuable upon exercise of the Warrants.</td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="text-align: justify; padding: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="text-align: justify; padding: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="text-align: justify; padding: 0pt; font: 10pt Times New Roman, Times, Serif"><font style="font-size: 10pt"><b>Use of Proceeds</b></font></td>
    <td>&nbsp;</td>
    <td style="text-align: justify; padding: 0pt; font: 10pt Times New Roman, Times, Serif">We will not receive any of the proceeds from the sale by the Selling Securityholders of the Offered Securities; however, we will receive the exercise price of the Warrants upon any exercise of the Warrants by payment of cash, with an exercise price of $1.80 per share. See &ldquo;Use of Proceeds.&rdquo;</td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="text-align: justify; padding: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="text-align: justify; padding: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="text-align: justify; padding: 0pt; font: 10pt Times New Roman, Times, Serif"><font style="font-size: 10pt"><b>Market for Common Stock</b></font></td>
    <td>&nbsp;</td>
    <td style="text-align: justify; padding: 0pt; font: 10pt Times New Roman, Times, Serif">Our Common Stock is listed on Nasdaq under the symbol &ldquo;WRAP.&rdquo;</td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="text-align: justify; padding: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="text-align: justify; padding: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="text-align: justify; padding: 0pt; font: 10pt Times New Roman, Times, Serif"><font style="font-size: 10pt"><b>Risk Factors</b></font></td>
    <td>&nbsp;</td>
    <td style="text-align: justify; padding: 0pt; font: 10pt Times New Roman, Times, Serif">An investment in our securities involves a significant degree of risk. Before you invest in our securities you should carefully consider those risk factors described under, but not limited to, the section herein entitled &ldquo;Risk Factors&rdquo; and in &ldquo;Part I, Item 1A. &mdash; Risk Factors&rdquo; in our most recent Annual Report on Form 10-K, which are incorporated herein by reference, together with all of the other information included in this prospectus, any prospectus supplement and the documents we incorporate by reference, in evaluating an investment in our securities. If any of these risks were actually to occur, our business, financial condition or results of operations could be materially adversely affected. Please read &ldquo;Cautionary Note Regarding Forward-Looking Statements.&rdquo;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

</div>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>


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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><a name="v_006"></a><font style="text-transform: uppercase"><b>RISK FACTORS</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><i>An investment in our securities
carries a significant degree of risk. You should carefully consider before you decide to purchase our securities the risks, uncertainties
and assumptions discussed under the heading &ldquo;Risk Factors&rdquo; in our Annual Report on Form 10-K for the fiscal year ended December
31, 2024, which is incorporated herein by reference, as updated or superseded by the risks and uncertainties described under similar headings
in other documents that are filed after the date thereof and incorporated by reference into this prospectus. Any one of these risks and
uncertainties has the potential to cause material adverse effects on our business, prospects, financial condition and operating results,
which could cause actual results to differ materially from any forward-looking statements expressed by us and a significant decrease in
the value of our securities. Refer to &ldquo;Cautionary Statement Regarding Forward-Looking Statements.&rdquo;</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&nbsp;</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><i>We may not be successful in
preventing the material adverse effects that any of these risks and uncertainties may cause. These potential risks and uncertainties may
not be a complete list of the risks and uncertainties facing us. There may be additional risks and uncertainties that we are presently
unaware of, or presently consider immaterial, that may become material in the future and have a material adverse effect on us. You could
lose all or a significant portion of your investment due to any of these risks and uncertainties. </i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>The Selling Securityholders may sell a large
number of shares, resulting in substantial diminution to the value of shares of Common Stock held by our current stockholders.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Pursuant to the terms of the Warrants,
a holder of the Warrants may not exercise any portion of such holder&rsquo;s Warrants to the extent that the holder, together with its
affiliates, would beneficially own more than 4.99% (or, at the election of the holder, 9.99%) of the Company&rsquo;s outstanding shares
of Common Stock immediately after exercise, except that upon at least 61 days&rsquo; prior notice from the holder to the Company, the
holder may increase the beneficial ownership limitation to up to 9.99% of the number of shares of Common Stock outstanding immediately
after giving effect to the exercise. However, we do not have the right to control the timing and amount of any sales by the Selling Securityholders
of the shares registered for resale hereunder. In addition, these restrictions do not prevent the Selling Securityholders from selling
shares of Common Stock received in connection with such conversions or exercises and then receiving additional shares of Common Stock
in connection with a subsequent issuance. In this way, the Selling Securityholders could sell more than 9.99% of the outstanding shares
of Common Stock in a relatively short time frame while never holding more than 9.99% at any one time.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The market price of shares of
our Common Stock could decline as a result of substantial sales of our Common Stock, particularly sales by our directors, executive officers
and significant stockholders. The Company cannot predict the size of future issuances or sales of our Common Stock or the effect, if any,
that future issuances and sales of our Common Stock will have on the market price of our Common Stock. Sales of substantial amounts of
our Common Stock, including issuances made in the ordinary course of the Company&rsquo;s business, or the perception that such sales could
occur, may materially and adversely affect prevailing market prices of our Common Stock.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Further, the registration of the
sale of shares of our Common Stock hereunder may create a circumstance commonly referred to as an &ldquo;overhang&rdquo; whereby a large
number of shares of our Common Stock become available for sale or the perception in the market that holders of a large number of shares
intend to sell their shares. The existence of an overhang and the anticipation of such sales, whether or not sales have occurred or are
occurring, could cause the market price of our Common Stock to fall. It could make more difficult our ability to raise additional financing
through the sale of equity or equity-related securities in the future at a time and price that we deem reasonable or appropriate.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In addition, registration rights
we may grant in the future, including in the ordinary course of the Company&rsquo;s business, may further depress market prices if these
registration rights are exercised or shares of our Common Stock are sold under the registration statements, the presence of additional
shares trading in the public market may also adversely affect the market price of our Common Stock. Furthermore, while certain of the
Selling Securityholders may experience a positive rate of return based on the current trading price of our Common Stock, public stockholders
may not experience a similar rate of return on the securities purchased in the open market due to potential differences in the purchase
prices paid by public stockholders for shares of Common Stock bought in the open market and the Selling Securityholders in transactions
in which they purchased or received their Offered Securities and the current trading price of our Common Stock.<br style="clear: both" /></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>



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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Our Warrants contain anti-dilution protection,
which may cause dilution to our stockholders.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As of May 9, 2025, we
had outstanding 50,554,267 shares of Common Stock. The issuance of shares of Common Stock upon the exercise of the Warrants would dilute
the percentage ownership interest of holders of our Common Stock, dilute the book value per share of our Common Stock and increase the
number of our publicly traded shares, which could depress the market price of our Common Stock.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In addition, our Warrants contain
anti-dilution provisions which, subject to limited exceptions, would increase the number of shares issuable upon conversion of such securities
(by reducing the exercise price) in the event that we in the future issue Common Stock, or securities convertible into or exercisable
to purchase Common Stock, at a price per share lower than the exercise price of the Warrants.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Our commitment to issue shares of Common Stock
pursuant to the terms of the Purchase Agreement and our Warrants could encourage short sales by third parties, which could contribute
to the future decline of our stock price.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Our commitment to issue shares
of Common Stock pursuant to the terms of the Purchase Agreement and our Warrants has the potential to cause significant downward pressure
on the price of our Common Stock. In such an environment, short sellers may contribute exacerbate any decline of our stock price. If there
are significant short sales of our Common Stock, the share price of our Common Stock may decline more than it would in an environment
without such activity. This may cause other holders of our Common Stock to sell their shares. If there are many more shares of our Common
Stock on the market for sale than the market will absorb, the price of our Common Stock will likely decline.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Selling Securityholders may
participate in short sales of our Common Stock. They may enter into hedging transactions with broker-dealers, which may in turn engage
in short sales of the shares of Common Stock in the course of hedging in positions they assume. The Selling Securityholders may also sell
shares of Common Stock short and deliver shares of Common Stock covered by this prospectus to close out short positions and to return
borrowed shares in connection with such short sales. The Selling Securityholders may also loan or pledge shares of Common Stock to broker-dealers
that in turn may sell such shares. Such activity could cause a decline in the market price of the shares of our Common Stock.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>


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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><a name="v_007"></a><font style="text-transform: uppercase"><b>USE OF PROCEEDS</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We will receive no proceeds from
the sale of shares of Common Stock by the Selling Securityholders.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We may receive proceeds from the
exercise of the Warrants and issuance of the shares of our Common Stock issuable upon exercise of the Warrants. If all of the Warrants
mentioned above were exercised for cash in full, the proceeds would be approximately $5.8 million. We intend to use the net proceeds of
such Warrant exercise, if any, for general corporate purposes and working capital. We can make no assurances that any of the Warrants
will be exercised, or if exercised, that they will be exercised for cash, the quantity which will be exercised or in the period in which
they will be exercised.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We believe the likelihood that
the Warrant holders will exercise their Warrants, and therefore the amount of cash proceeds that we would receive, is dependent upon the
trading price of our Common Stock. If the trading price for our Common Stock is less than $1.80 per share, we believe holders of our Warrants
are unlikely to exercise their Warrants. Conversely, these holders are more likely to exercise their Warrants the higher the price of
our Common Stock is above $1.80 per share. The closing price of our Common Stock on Nasdaq on April 24,
2025 was below the Warrant exercise price of $1.80 per share.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Selling Securityholders will
pay any brokerage fees or commissions and expenses incurred by them for brokerage, accounting, tax or legal services or any other expenses
incurred in selling the securities. We will bear the costs, fees and expenses incurred in effecting the registration of the securities
covered by this prospectus, including all registration and filing fees, Nasdaq listing fees and fees and expenses of our counsel and our
independent registered public accounting firm.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>


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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><a name="v_008"></a><font style="text-transform: uppercase"><b>SELLING
SECURITYHOLDERS</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This prospectus relates solely
to the resale by the Selling Securityholders identified in the table below or their permitted transferees of up to (i) 3,216,666 Common
Shares and (ii) 3,216,666 Warrant Shares issuable upon exercise of the Warrants, with an exercise price of $1.80 per share. The Common
Shares and Warrants were issued pursuant to the Purchase Agreement.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">To our knowledge, within the past
three years, none of the Selling Securityholders has held a position as an officer or a director of ours, nor had any other material relationship
of any kind with us or any of our affiliates, except to the extent set forth in the footnotes to the table below.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">A Selling Securityholder who is
an affiliate of a broker-dealer and any participating broker-dealer may be deemed to be an &ldquo;underwriter&rdquo; within the meaning
of the Securities Act and any commissions or discounts given to any such Selling Securityholder or broker-dealer may be regarded as underwriting
commissions or discounts under the Securities Act. To our knowledge, except to the extent set forth in the footnotes to the table below,
none of the Selling Securityholders are affiliates of broker-dealers and there are no participating broker-dealers. The term &ldquo;Selling
Securityholder&rdquo; also includes any transferees, pledgees, donees, or other successors in interest to the Selling Securityholder named
in the table below.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The following table and the information
in the notes below are based upon information supplied by the Selling Stockholders and sets forth the number of Offered Securities: (i)
beneficially owned by each of the Selling Securityholders as of May 9, 2025, (ii) being offered hereby by each of the Selling
Securityholders and (iii) beneficially owned by each of the Selling Securityholders after giving effect to the sale by a Selling Securityholder
of all of its Offered Securities. Except as expressly noted in the footnotes below, beneficial ownership has been determined in accordance
with Rule 13d-3 under the Exchange Act.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The following table also sets
forth the percentage of Common Stock beneficially owned by each of the Selling Securityholders after giving effect to the sale by a Selling
Securityholder of all Offered Securities, based on 53,770,933 shares of Common Stock outstanding as of May 9, 2025 (assuming the
issuance of all shares of Common Stock and Warrant Shares issuable pursuant to Purchase Agreement). For purposes of the table below,
we have assumed, upon termination of this offering, none of the Offered Securities will be beneficially owned by any of the Selling Securityholders,
and we have further assumed that a Selling Securityholder will not acquire beneficial ownership of any additional securities during the
offering.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Under the terms of the Warrants,
a Selling Securityholders may not exercise the Warrants to the extent such exercise would cause such Selling Securityholders, together
with its affiliates and attribution parties, to beneficially own a number of shares of Common Stock which would exceed 4.99% or 9.99%,
as applicable, of our then outstanding Common Stock following such exercise, excluding for purposes of such determination shares of Common
Stock issuable upon exercise of such warrants which have not been exercised. The number of shares in the column &ldquo;<i>Maximum Number
of Shares of Common Stock Offered</i>&rdquo; do not reflect this limitation. The selling shareholders may sell all, some or none of their
shares in this offering. See &ldquo;<i>Plan of Distribution</i>.&rdquo;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Selling Securityholders are
not making any representation that any of the Offered Securities covered by this prospectus will be offered for sale. Because we do not
know how long each of the Selling Securityholders will hold the Offered Securities, whether any will exercise the Warrants and, upon such
exercise, how long each such Selling Securityholders will hold the shares of Common Stock before selling them, and because each of the
Selling Securityholders may dispose of all, none or some portion of its securities, no estimate can be given as to the number of securities
that will be beneficially owned by a Selling Securityholder upon completion of this offering. In addition, each Selling Securityholder
may have sold, transferred or otherwise disposed of its securities in transactions exempt from the registration requirements of the Securities
Act after the date on which the information in the table is presented.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We may amend or supplement this
prospectus from time to time in the future to update or change this Selling Securityholders list and the securities that may be resold.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>



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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td colspan="6" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shares
    of Common Stock Beneficially Owned Before Offering</font></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Maximum
    Number of Shares of Common Stock Offered</font></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td colspan="6" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shares
    of Common Stock Beneficially Owned After Offering</font></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Selling
    Securityholders</font></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Number<sup>(1)</sup></b>
    &nbsp;</font></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Percentage<sup>(2)</sup></b></font></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Number<sup>(3)</sup></b>
    &nbsp;</font></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Number</font></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Percentage<sup>(4)</sup></b></font></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; width: 33%; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Iroquois
    Capital Investment Group&nbsp;LLC (5)</font></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,749,305</font></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.99</font></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</font></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">500,000</font></td><td style="font: 10pt Times New Roman, Times, Serif; width: 3%; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(6)</font></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,749,305</font></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.99</font></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Iroquois
    Master Fund, Ltd.(5)</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,749,305</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.99</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,500,000
                                            </font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(7)</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,749,305</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.99</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">V4
    Global, LLC (8)</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">14,369,972</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">24.46</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,200,000
                                            </font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(9)</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">12,169,972</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">20.72</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Intracoastal
    Capital LLC (10)</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,812,003</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.99</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">400,000
                                            </font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(11)</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,442,591</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.35</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chris
    Fiore (12)</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">762,452</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.41</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">555,554
                                            </font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(13)</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">206,898</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Continuum
    Ventures, LLC (14)</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,383,350</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.52</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">550,000
                                            </font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(15)</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">833,350</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.53</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">B&amp;Co.
    Advisors LLC (16)</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">111,110</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">111,110
                                            </font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(17)</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bradley
    Jacobs (18)</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">200,000</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">200,000
                                            </font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(19)</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">FBH
    Investment Holdings, LLC (20)</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">789,654</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.45</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100,000
                                            </font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(21)</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">689,654</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.27</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Savbo
    Investments LLC (22)</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">406,521</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100,000
                                            </font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(23)</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">306,521</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;*
                                            &nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trident
    Venture Partners, LLC (24)</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">133,334</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">83,334
                                            </font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(25)</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">50,000</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;*
                                            &nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">J
    Manela &amp; M Heitman TTEE Edge Strategy Group, LLC U/A DTD 11/15/2020 (26)</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">133,334</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">133,334</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(27)</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</font></td></tr>
  </table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">* Less than 1%</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(1) Represents shares of Common Stock, including the
shares of Common Stock that may be issued upon the exercise of the Warrants held by the Selling Securityholder.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(2) The percent of beneficial ownership for the Selling
Securityholders is based on 53,770,933 shares of Common Stock outstanding (assuming the issuance of all shares of Common Stock and Warrant
Shares issuable pursuant to Purchase Agreement) as of May 9, 2025. Any securities not outstanding which are subject to options,
warrants, rights or conversion privileges are deemed to be outstanding for the purpose of computing the percentage of outstanding securities
of the class owned by such Selling Securityholder but are not deemed to be outstanding for the purpose of computing the percentage of
the class by any other Selling Securityholder. Under the terms of the Warrants, a Selling Securityholders may not exercise the Warrants
to the extent such exercise would cause such Selling Securityholders, together with its affiliates and attribution parties, to beneficially
own a number of shares of Common Stock which would exceed 4.99% or 9.99%, as applicable, of our then outstanding Common Stock following
such exercise, excluding for purposes of such determination shares of Common Stock issuable upon exercise of such warrants which have
not been exercised.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(3) Includes Warrant Shares exercisable for and/or
able to be beneficially owned within 60 days, upon payment therefor pursuant to the Purchase Agreement.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(4) Assumes that each Selling Securityholder (i) will
sell all of the shares of Common Stock and Warrant Shares beneficially owned by it that are covered by this prospectus and (ii) does not
acquire beneficial ownership of any additional shares of our Common Stock or Warrants. Under the terms of the Warrants, a Selling Securityholders
may not exercise the Warrants to the extent such exercise would cause such Selling Securityholders, together with its affiliates and attribution
parties, to beneficially own a number of shares of Common Stock which would exceed 4.99% or 9.99%, as applicable, of our then outstanding
Common Stock following such exercise, excluding for purposes of such determination shares of Common Stock issuable upon exercise of such
warrants which have not been exercised.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><br /> </p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(5) Based on certain information made available to
the Company. The securities reported herein are directly held by Iroquois Capital Investment Group LLC (&ldquo;ICIG&rdquo;) and Iroquois
Master Fund, Ltd. (&ldquo;IMF&rdquo;). Represents (i) 348,751 shares of Common Stock held by ICIG, (ii) 75,206 shares of Common Stock
held by IMF, (iii) 552,241 shares of Common Stock issuable upon exercise of certain warrants that were exercisable as of the date
hereof or will be exercisable within 60 days thereafter (subject to a 4.99% beneficial ownership blocker) held by ICIG, (iv) 2,068,966
shares of Common Stock issuable upon exercise of certain warrants that were exercisable as of the date hereof or will be exercisable
within 60 days thereafter (subject to a 4.99% beneficial ownership blocker) held by IMF, (v) 290 shares of Series A Preferred Stock,
convertible into up to approximately 200,000 shares of Common Stock within 60 days of the date hereof (subject to a 4.99%
beneficial ownership blocker) held by ICIG, (vi) 2,045 shares of Series A Preferred Stock, convertible into up to approximately 1,410,345
shares of Common Stock within 60 days of the date hereof (subject to a 4.99% beneficial ownership blocker) held by IMF, (vii) 250,000
Common Shares held by ICIG, (vii) 750,000 Common Shares held by IMF, (ix) 250,000 Warrant Shares (subject to a beneficial ownership
limitation of 4.99%) held by ICIG, and (x) 750,000 Warrant Shares (subject to a beneficial ownership limitation of 4.99%) held by
IMF.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Iroquois Capital Management L.L.C. (&ldquo;ICM&rdquo;)
is the investment manager of IMF. ICM has voting control and investment discretion over securities held by IMF. As Managing Members of
ICM, Richard Abbe and Kimberly Page make voting and investment decisions on behalf of ICM in its capacity as investment manager to IMF.
Mr. Abbe is the managing member of ICIG. Mr. Abbe has sole voting control and investment discretion over securities held by ICIG. As such,
Mr. Abbe may be deemed to be the beneficial owner (as determined under Section 13(d) of the Securities Exchange Act of 1934, as amended)
of the securities held by ICIG. As a result of the foregoing, Mr. Abbe and Mrs. Page may be deemed to have beneficial ownership (as determined
under Section 13(d) of the Securities Exchange Act of 1934, as amended) of the securities held by ICM and IMF.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The principal business address for ICIG and IMF
is 2 Overhill Road, Suite 400, Scarsdale, NY 10583.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><br />
(6) Represents (i) 250,000 Common Shares and (ii) 250,000 Warrant Shares (subject to a beneficial ownership limitation
of 4.99%).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(7) Represents (i) 750,000 Common Shares and (ii)
750,000 Warrant Shares (subject to a beneficial ownership limitation of 4.99%).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(8) Based on certain information made available
to the Company. Represents (i) 6,185,754 shares of Common Stock, held by Scot Cohen, (ii) 2,010,701 shares of Common Stock underlying
stock options that were vested as of the date hereof, or could vest within 60 days thereafter, held by Scot Cohen, (iii) 882,911
shares of Common Stock underlying RSUs that were vested as of the date hereof, or could vest within 60 days thereafter, held by Scot
Cohen (iv) 862,069 shares of Common Stock issuable upon exercise of certain warrants held by Scot Cohen, (v) 1,206,897
shares of Common Stock issuable upon exercise of certain warrants held by V4 Global, LLC (&ldquo;V4 Global&rdquo;), (vi) 1,250 shares
of Series A Preferred Stock, convertible into up to approximately 862,069 shares of Common Stock held by Scot Cohen , (vii)
1,100,000 Warrant Shares (subject to a beneficial ownership limitation of 4.99%) held by V4 Global, (viii) 1,100,000 Common Shares
held by V4 Global, and (ix) 1,750 shares of Series A Preferred Stock, convertible into up to approximately 1,206,897 shares of Common
Stock held by V4 Global.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Scot Cohen, the Company&rsquo;s Chief Executive
Officer and Chairman of the Board, has voting and dispositive control with respect to the securities held by V4 Capital Partners,
LLC (&ldquo;V4 Capital&rdquo;) and V4 Global, LLC (&ldquo;V4 Global&rdquo;). As a result, Mr. Cohen may be deemed to have beneficial
ownership (as determined under Section 13(d) of the Exchange Act) of the securities held by V4 Capital and V4 Global.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The principal business address of V4 Capital,
V4 Global and Mr. Cohen is 445 Grand Bay Drive, Apt. P1A, Key Biscayne, FL 33149.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(9) Represents (i) 1,100,000 Common Shares
and (ii) 1,100,000 Warrant Shares (subject to a beneficial ownership limitation of 4.99%).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(10) Based on certain information made available
to the Company. Represents (i) 30,177 shares of Common Stock 1,241,379 shares of Common Stock issuable upon exercise of
certain warrants (subject to a 4.99% beneficial ownership blocker), (ii) 1,698 shares of Series A Preferred Stock, convertible into up
to approximately 1,171,035 shares of Common Stock (subject to a 4.99% beneficial ownership blocker), (iv) 200,000 Warrant Shares
(subject to a beneficial ownership limitation of 4.99%) and (v) 200,000 Common Shares.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Mitchell P. Kopin and Daniel B. Asher are each managers
of Intracoastal Capital LLC (&ldquo;Intracoastal&rdquo;) and have shared voting control and investment discretion over the securities
reported herein that are held by Intracoastal. As a result, each of Mr. Kopin and Mr. Asher may be deemed to have beneficial ownership
(as determined under Section 13(d) of the Exchange Act of the securities reported herein that are held by Intracoastal Capital LLC.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The principal business address for Intracoastal Capital
LLC is 245 Palm Trail, Delray Beach, 33483.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(11)</font><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">
Represents (i) 200,000 Common Shares and (ii) 200,000 Warrant Shares (subject to a beneficial ownership limitation of 4.99%).</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(12)
Based on certain information made available to the Company. Represents (i) 103,448 shares of Common Stock issuable upon exercise of certain
warrants that were exercisable as of the date hereof or will be exercisable within 60 days thereafter (subject to a 4.99% beneficial
ownership blocker), (ii) 150 shares of Series A Preferred Stock, convertible into up to approximately 200,000 shares of Common Stock
within 60 days of the date hereof (subject to a 4.99% beneficial ownership blocker), (iii) 277,777 Common Shares and (iv) 277,777 Warrant
Shares.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
address for Mr. Fiore is 1521 Alton Road Apt. #934, Miami Beach, FL 33139.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(13) Represents (i) 277,777 Common Shares and (ii) 277,777 Warrant Shares (subject to a beneficial ownership limitation of 4.99%).</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(14)</font><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">
Based on certain information made available to the Company. Represents (i) 275,000 Common Shares held by Continuum Ventures, LLC (&ldquo;Continuum&rdquo;),
(ii) 583,350 shares of Common Stock underlying stock options that were vested as of the date hereof, or could vest within 60 days thereafter
held by Jared Novick, (iii) 250,000 shares of Common Stock underlying RSUs that were vested as of the date hereof, or could vest
within 60 days thereafter held by Jared Novick and (iv) 275,000 Warrant Shares (subject to a beneficial ownership limitation of
4.99%) held by Continuum.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
securities reported herein are directly held by Continuum Ventures, LLC and Jared Novick, the Company&rsquo;s President and chief
Operating Officer. Jared Novick is a manager member of Continuum Ventures, LLC and has voting control and investment discretion
over the securities reported herein that are held by Continuum Ventures, LLC. As a result, Mr. Novick may be deemed to have beneficial
ownership (as determined under Section 13(d) of the Exchange Act of the securities reported herein that are held by Continuum Ventures,
LLC.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
principal business address for Continuum Ventures, LLC is 2325 Bellefield Cove, Oviedo, FL 32766.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(15)</font><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">
Represents (i) 275,000 Common Shares and (ii) 275,000 Warrant Shares (subject to a beneficial ownership limitation of 4.99%).</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(16)</font><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">
Represents (i) 55,555 Common Shares and (ii) 55,555 Warrant Shares (subject to a beneficial ownership limitation of 4.99%). Jose Baptista
has voting control and investment discretion over the securities reported herein that are held by B&amp;Co. Advisors LLC. As a result,
Mr. Baptista may be deemed to have beneficial ownership (as determined under Section 13(d) of the Exchange Act of the securities reported
herein that are held by B&amp;Co. Advisors LLC.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
address for B&amp;Co. Advisors LLC is 825 Brickell Bay Drive, Apt 748, Miami, FL 33131.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(17)</font><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">
Represents (i) 55,555 Common Shares and (ii) 55,555 Warrant Shares (subject to a beneficial ownership limitation of 4.99%).</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(18)</font><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">
Represents (i) 100,000 Common Shares and (ii) 100,000 Warrant Shares (subject to a beneficial ownership limitation of 4.99%).</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
address for Mr. Jacobs is 335 S. Biscayne Blvd, Unit 3412, Miami, FL 33131.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(19)</font><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">
Represents (i) 100,000 Common Shares and (ii) 100,000 Warrant Shares (subject to a beneficial ownership limitation of 4.99%).</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(20)</font><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">
Based on certain information made available to the Company. Represents (i) 344,827 shares of Common Stock issuable upon exercise of certain
warrants that were exercisable as of the date hereof or will be exercisable within 60 days thereafter (with certain warrants subject
to a 4.99% beneficial ownership blocker), (ii) 500 shares of Series A Preferred Stock, convertible into up to approximately 344,827
shares of Common Stock within 60 days of the date hereof (subject to a 4.99% beneficial ownership blocker), (iii) 50,000 Common
Shares and (iv) 50,000 Warrant Shares (subject to a beneficial ownership limitation of 4.99%).</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
address for FBH Investment Holdings, LLC is 45 Main St, Suite 800, Brooklyn, NY 11201.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(21)</font><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">
Represents (i) 50,000 Common Shares and (ii) 50,000 Warrant Shares (subject to a beneficial ownership limitation of 4.99%).</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(22)</font><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">
Based on certain information made available to the Company. The securities reported herein are directly held by Savbo Investments LLC
and Marc Savas, a current director of the Company. Represents (i) 170,109 shares of Common Stock, (ii) 130,000 shares of
Common Stock underlying stock options that were vested as of the date hereof, or will vest within 60 days thereafter, (iii) 6,412 shares
of Common Stock underlying RSUs that were vested as of the date hereof, or will vest within 60 days thereafter, (v) 50,000 Warrant Shares
(subject to a beneficial ownership limitation of 4.99%) and (vi) 50,000 Common Shares.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Marc
Savas is a manager of Savbo Investments LLC and has voting control and investment discretion over the securities reported herein that
are held by Savbo Investments LLC. As a result, Mr. Savas may be deemed to have beneficial ownership (as determined under Section 13(d)
of the Exchange Act of the securities reported herein that are held by Savbo Investments LLC.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
principal business address for Savbo Investments LLC is 15030 Ventura Blvd, Suite 395, Sherman Oaks, CA 91403.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(23)</font><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">
Represents (i) 50,000 Common Shares and (ii) 50,000 Warrant Shares (subject to a beneficial ownership limitation of 4.99%).</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(24)</font><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">
Represents (i) 50,000 shares of Common Stock underlying stock options that were vested as of the date hereof, or will vest within
60 days thereafter, (ii) 41,667 Common Shares and (iii) 41,667 Warrant Shares (subject to a beneficial ownership limitation of 4.99%).</font></p>

<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The securities reported herein are directly held by
Trident Venture Partners, LLC and Louis Springer. Louis Springer is a manager of Trident Venture Partners, LLC and has voting control
and investment discretion over the securities reported herein that are held by Trident Venture Partners, LLC. As a result, Mr. Springer
may be deemed to have beneficial ownership (as determined under Section 13(d) of the Exchange Act of the securities reported herein that
are held by Trident Venture Partners, LLC.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>



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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The principal business address for Trident
Venture Partners, LLC is 39 Junction Court, Staten Island, NY 10306.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><br />
(25) Represents (i) 41,667 Common Shares and (ii) 41,667 Warrant Shares (subject to a beneficial ownership limitation of 4.99%).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(26) Represents (i) 66,667 Common Shares and
(ii) 66,667 Warrant Shares (subject to a beneficial ownership limitation of 4.99%). The principal business address for J Manela &amp;
M Heitman TTEE Edge Strategy Group, LLC U/A DTD 11/15/2020 is 9 Green Acre Lane, Westport, CT 06880.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(27) Represents (i) 66,667 Common Shares and
(ii) 66,667 Warrant Shares (subject to a beneficial ownership limitation of 4.99%).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Transactions with Selling Securityholders</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On February 24, 2025, the Company
entered into the Purchase Agreement with the Selling Securityholders for the issuance and sale in a private placement (the &ldquo;Private
Placement&rdquo;) of an aggregate of 3,216,666 Common Shares and accompanying Warrants to purchase up to 3,216,666 shares of Common Stock,
with an exercise price of $1.80 per share. The purchase price for one Common Share and accompanying Warrant was $1.80. The Purchase Agreement
contains customary representations, warranties and agreements by the Company, customary conditions to closing, indemnification obligations
of the Company and the Selling Securityholders s, including for liabilities under the Securities Act, other obligations of the parties
and termination provisions. The gross proceeds to the Company from the Private Placement were approximately $5.8 million, before offering
expenses payable by the Company. The Company intends to use the net proceeds received from the Private Placement for general corporate
purposes and working capital.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In connection with the Private
Placement, the Company entered into a registration rights agreement (the &ldquo;Registration Rights Agreement&rdquo;), dated as of February
24, 2025, with the Selling Securityholders, pursuant to which the Company agreed to prepare and file a registration statement with the
SEC registering the resale of the Common Shares and shares of Common Stock underlying the Warrants no later than 60 days following the
date of the Registration Rights Agreement, and to use best efforts to have the registration statement declared effective as promptly as
practical thereafter, and in any event no later than 90 days following the date of the Registration Rights Agreement (or 120 days following
the date of the Registration Rights Agreement in the event of a &ldquo;full review&rdquo; by the SEC).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>


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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><a name="v_009"></a><font style="text-transform: uppercase"><b>DESCRIPTION
OF SECURITIES TO BE REGISTERED</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&nbsp;</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><i>The following description of
our Common Stock and Warrants summarize the material terms and provisions of our Common Stock and Warrants. The following description
does not purport to be complete and is subject to, and qualified in its entirety by, the Company&rsquo;s Amended and Restated Certificate
of Incorporation (as amended, the &ldquo;Certificate of Incorporation&rdquo;) and Amended and Restated Bylaws (the &ldquo;Bylaws&rdquo;),
each as may be amended, which were filed as Exhibits 3.1 and 3.2, respectively, to the Company&rsquo;s Annual Report on Form 10-K for
the year ended December 31, 2024, as filed with the SEC on March 31, 2025, and are incorporated by reference into the registration statement
of which this prospectus forms a part, and by applicable law. The terms of the Company&rsquo;s Common Stock and Warrants may also be affected
by Delaware law.</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&nbsp;</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Authorized Capital Stock</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Certificate of Incorporation
authorizes the Company to issue 150,000,000 shares of Common Stock and 5,000,000 shares of preferred stock, par value $0.0001 per share.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Common Stock</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Board of Directors (the &ldquo;Board&rdquo;)
may from time to time declare, and the Company may pay, dividends on its outstanding shares in the manner and upon the terms and conditions
provided by law. Holders of the Company&rsquo;s Common Stock are entitled to one vote for each share held on all matters submitted to
a vote of at a meeting of stockholders. There is no cumulative voting of the election of directors then standing for election. The Common
Stock is not entitled to pre-emptive rights and is not subject to conversion or redemption. There are no redemption or sinking fund provisions
applicable to the Common Stock. All outstanding shares of Common Stock are, when sold, validly issued, fully paid, and nonassessable.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&nbsp;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Anti-Takeover Effects of Delaware Law and Specified
Articles of Incorporation and Bylaws Provisions</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&nbsp;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><i>Preferred Stock</i>. The existence
of authorized but unissued shares of preferred stock may enable the Board to render more difficult or to discourage an attempt to gain
control of the Company by means of a merger, tender offer, proxy contest or otherwise. For example, if in the due exercise of its fiduciary
obligations, the Board were to determine that a takeover proposal is not in the best interests of the Company or stockholders, the Board
could cause shares of preferred stock to be issued without stockholder approval in one or more private offerings or other transactions
that might dilute the voting or other rights of the proposed acquirer or insurgent stockholder or stockholder group. In this regard, the
Articles of Incorporation grant the Board broad power to establish the rights and preferences of authorized and unissued shares of preferred
stock. The issuance of shares of preferred stock could decrease the amount of earnings and assets available for distribution to holders
of shares of common stock. The issuance may also adversely affect the rights and powers, including voting rights, of these holders and
may have the effect of delaying, deterring or preventing a change in control of the Company.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><i>Stockholder Action; Special
Meeting of Stockholders</i>. The Articles of Incorporation and Bylaws provide that stockholders may take action only at a duly called
annual or special meeting of stockholders and may not take action by written consent. The Articles of Incorporation and Bylaws further
provide that special meetings of the Company&rsquo;s stockholders may be called by the Chairman of the Board or by the Board, and shall
be called by the Chairman of the Board at the request of the holders of not less than a majority of all the outstanding shares of the
Corporation entitled to vote at the meeting.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><i>Business Combinations</i>.
Section 203 of the Delaware General Corporation Law, which relate to business combinations with interested stockholders, applies to the
Company. Subject to certain exceptions, Section 203 prevents a publicly held Delaware corporation from engaging in a &ldquo;business combination&rdquo;
with any &ldquo;interested stockholder&rdquo; for three years following the date that such person became an interested stockholder, unless
either the interested stockholder attained such status with the approval of the Board, the business combination is approved by the Board
and stockholders in a prescribed manner or the interested stockholder acquired at least 85% of the Company&rsquo;s outstanding voting
stock in the transaction in which such person became an interested stockholder. A &ldquo;business combination&rdquo; includes, among other
things, a merger or consolidation involving the Company and the &ldquo;interested stockholder&rdquo; and the sale of more than 10% of
the Company&rsquo;s assets. In general, an &ldquo;interested stockholder&rdquo; is any entity or person beneficially owning 15% or more
of the Company&rsquo;s outstanding voting stock and any entity or person affiliated with or controlling or controlled by such entity or
person.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>



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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><i>Advance Notice Requirements
for Stockholder Proposals and Director Nominations</i>. The Company&rsquo;s Bylaws provide that stockholders seeking to bring business
before an annual meeting of stockholders, or to nominate candidates for election as directors at an annual meeting of stockholders, must
meet specified procedural requirements. These provisions may preclude stockholders from bringing matters before an annual meeting of stockholders
or from making nominations for directors at an annual or special meeting of stockholders.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><i>Exclusive Forum Charter Provision</i>.
The Articles of Incorporation and Bylaws require that the Court of Chancery of the State of Delaware will, to the fullest extent permitted
by applicable law, be the sole and exclusive forum for a stockholder (including a beneficial owner) to bring an action relating to the
resolution of any complaint asserting a cause of action arising under the Securities Act, as amended, against any person in connection
with any offering of the Company&rsquo;s securities, including, without limitation and for the avoidance of doubt, any auditor, underwriter,
expert, control person, or other defendant. Because the applicability of the exclusive forum provision is limited to the extent permitted
by applicable law, the Company does not intend that the exclusive forum provision would apply to suits brought to enforce any duty or
liability created by the Exchange Act or any other claim for which the federal courts have exclusive jurisdiction, and acknowledge that
federal courts have concurrent jurisdiction over all suits brought to enforce any duty or liability created by the Securities Act. The
Company notes that there is uncertainty as to whether a court would enforce the provision and that investors cannot waive compliance with
the federal securities laws and the rules and regulations thereunder. Although the Company believes this provision benefits the Company
by providing increased consistency in the application of Delaware law in the types of lawsuits to which it applies, the provision may
have the effect of discouraging lawsuits against the Company&rsquo;s directors and officers.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><i>Directors&rsquo; Liability</i>.
The Articles of Incorporation limit the personal liability of directors to the Company or its stockholders for monetary damages for breach
of fiduciary duty as a director to the maximum extent permitted by the Delaware General Corporation Law and provides that no director
will have personal liability to the Company or to its stockholders for monetary damages for breach of fiduciary duty. However, these provisions
do not eliminate or limit the liability of any of the Company&rsquo;s directors:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><font style="font-family: Symbol; font-size: 10pt">&#183;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 10pt">for any breach of the director&rsquo;s duty of loyalty to the Company or
its stockholders;</font></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><font style="font-family: Symbol; font-size: 10pt">&#183;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 10pt">for acts or omissions not in good faith or which involve intentional misconduct
or a knowing violation of law;</font></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><font style="font-family: Symbol; font-size: 10pt">&#183;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 10pt">under the Delaware General Corporation Law; or</font></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><font style="font-family: Symbol; font-size: 10pt">&#183;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 10pt">for any transaction from which the director derived an improper personal
benefit.</font></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>


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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><a name="v_010"></a><font style="text-transform: uppercase"><b>PLAN OF
DISTRIBUTION</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We are registering a total of
up to (i) 3,216,666 Common Shares and (ii) 3,216,666 Warrant Shares issuable upon exercise of the Warrants, with an exercise price of
$1.80 per share, issued to the Selling Securityholders to permit the sale, transfer or other disposition of the Offered Securities by
the Selling Securityholders or their donees, pledgees, transferees or other successors-in-interest from time to time after the date of
this prospectus. We will not receive any of the proceeds from these sales except with respect to amounts received by us upon the exercise
of the Warrants for cash. Upon exercise of such Warrants, we will receive the applicable cash exercise price paid by the holders of the
Warrants. We will, or will procure to, bear all fees and expenses incident to our obligation to register the Offered Securities.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Selling Securityholders may
sell all or a portion of the Offered Securities beneficially owned by them and offered hereby from time to time directly or through one
or more underwriters, broker-dealers or agents. If the Offered Securities are sold through underwriters or broker-dealers, the Selling
Securityholders will be responsible for underwriting discounts (it being understood that the Selling Securityholders shall not be deemed
to be underwriters solely as a result of their participation in this offering) or commissions or agent&rsquo;s commissions. The Offered
Securities may be sold on any national securities exchange or quotation service on which the securities may be listed or quoted at the
time of sale, in the over-the-counter market or in transactions otherwise than on these exchanges or systems or in the over-the-counter
market and in one or more transactions at fixed prices, at prevailing market prices at the time of the sale, at prices related to prevailing
market prices, at varying prices determined at the time of sale, or at privately negotiated prices. These sales may be effected in transactions,
which may involve crosses or block transactions. The Selling Securityholders may use any one or more of the following methods when selling
Offered Securities:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><font style="font-family: Symbol; font-size: 10pt">&#183;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 10pt">ordinary brokerage transactions and transactions in which the broker-dealer
solicits purchasers;</font></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.25pt">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><font style="font-family: Symbol; font-size: 10pt">&#183;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 10pt">on any national securities exchange or quotation service on which the securities
may be listed or quoted at the time of sale, in the over-the-counter market or in transactions other than on these exchanges or systems
or in the over-the-counter market;</font></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><font style="font-family: Symbol; font-size: 10pt">&#183;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 10pt">block trades in which the broker-dealer will attempt to sell the Offered
Securities as agent but may position and resell a portion of the block as principal to facilitate the transaction;</font></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><font style="font-family: Symbol; font-size: 10pt">&#183;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 10pt">to or through underwriters or purchases by a broker-dealer as principal
and resale by the broker-dealer for its account;</font></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><font style="font-family: Symbol; font-size: 10pt">&#183;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 10pt">an exchange distribution in accordance with the rules of the applicable
exchange;</font></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><font style="font-family: Symbol; font-size: 10pt">&#183;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 10pt">privately negotiated transactions;</font></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><font style="font-family: Symbol; font-size: 10pt">&#183;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 10pt">settlement of short sales;</font></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><font style="font-family: Symbol; font-size: 10pt">&#183;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 10pt">in transactions through broker-dealers that agree with the Selling Securityholders
to sell a specified number of such Offered Securities at a stipulated price per Offered Security;</font></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><font style="font-family: Symbol; font-size: 10pt">&#183;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 10pt">through the writing or settlement of options or other hedging transactions,
whether such options are listed on an options exchange or otherwise;</font></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><font style="font-family: Symbol; font-size: 10pt">&#183;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 10pt">a combination of any such methods of sale; and</font></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><font style="font-family: Symbol; font-size: 10pt">&#183;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 10pt">any other method permitted pursuant to applicable law.</font></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Selling Securityholders also
may resell all or a portion of the Offered Securities in open market transactions in reliance upon Rule 144 under the Securities Act,
as amended, as permitted by that rule, or Section 4(a)(1) under the Securities Act, if available, rather than under this prospectus, provided
that they meet the criteria and conform to the requirements of those provisions.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>



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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Broker-dealers engaged by the
Selling Securityholders may arrange for other broker-dealers to participate in sales. If the Selling Securityholders effect such transactions
by selling Offered Securities to or through underwriters, broker-dealers or agents, such underwriters, broker-dealers or agents may receive
commissions in the form of discounts, concessions or commissions from the Selling Securityholders or commissions from purchasers of the
Offered Securities for whom they may act as agent or to whom they may sell as principal. Such commissions will be in amounts to be negotiated,
but, except as set forth in a supplement to this prospectus, in the case of an agency transaction will not be in excess of a customary
brokerage commission in compliance with FINRA Rule 2121; and in the case of a principal transaction a markup or markdown in compliance
with FINRA IM-2121.01.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In connection with sales of the
Offered Securities or otherwise, the Selling Securityholders may enter into hedging transactions with broker-dealers or other financial
institutions, which may in turn engage in short sales of the Offered Securities in the course of hedging in positions they assume. The
Selling Securityholders may also sell Offered Securities short and if such short sale takes place after the date that this Registration
Statement is declared effective by the Commission, the Selling Securityholders may deliver Offered Securities covered by this prospectus
to close out short positions and to return borrowed Offered Securities in connection with such short sales. The Selling Securityholders
may also loan or pledge Offered Securities to broker-dealers that in turn may sell such Offered Securities, to the extent permitted by
applicable law. The Selling Securityholders may also enter into option or other transactions with broker-dealers or other financial institutions
or the creation of one or more derivative securities which require the delivery to such broker-dealer or other financial institution of
shares offered by this prospectus, which shares such broker-dealer or other financial institution may resell pursuant to this prospectus
(as supplemented or amended to reflect such transaction). Notwithstanding the foregoing, the Selling Securityholders have been advised
that they may not use Offered Securities the resale of which has been registered on this registration statement to cover short sales of
our Common Stock made prior to the date the registration statement, of which this prospectus forms a part, has been declared effective
by the SEC.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Selling Securityholders may,
from time to time, pledge or grant a security interest in some or all of the Offered Securities owned by them and, if they default in
the performance of their secured obligations, the pledgees or secured parties may offer and sell the Offered Securities from time to time
pursuant to this prospectus or any amendment to this prospectus under Rule 424(b)(3) or other applicable provision of the Securities Act,
amending, if necessary, the list of Selling Securityholders to include the pledgee, transferee or other successors in interest as Selling
Securityholders under this prospectus. The Selling Securityholders also may transfer and donate the Offered Securities in other circumstances
in which case the transferees, donees, pledgees or other successors in interest will be the selling beneficial owners for purposes of
this prospectus.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Selling Securityholders and
any broker-dealer or agents participating in the distribution of the Offered Securities may be deemed to be &ldquo;underwriters&rdquo;
within the meaning of Section 2(11) of the Securities Act in connection with such sales. In such event, any commissions paid, or any discounts
or concessions allowed to, any such broker-dealer or agent and any profit on the resale of the shares purchased by them may be deemed
to be underwriting commissions or discounts under the Securities Act. Selling Securityholders who are &ldquo;underwriters&rdquo; within
the meaning of Section 2(11) of the Securities Act will be subject to the applicable prospectus delivery requirements of the Securities
Act including Rule 172 thereunder and may be subject to certain statutory liabilities of, including but not limited to, Sections 11, 12
and 17 of the Securities Act and Rule 10b-5 under the Securities Exchange Act of 1934, as amended, or the Exchange Act.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">There can be no assurance that
any Selling Securityholder will sell any or all of the Offered Securities registered pursuant to the shelf registration statement, of
which this prospectus forms a part.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We are required to pay certain
fees and expenses incurred by us incident to the registration of the Offered Securities. We have agreed to indemnify the Selling Securityholders
against certain losses, claims, damages and liabilities, including liabilities under the Securities Act.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We agreed to keep this prospectus
effective until the earlier of (i) the date on which the Offered Securities may be resold by the Selling Securityholders without registration
and without regard to any volume or manner-of-sale limitations by reason of Rule 144, without the requirement for us to be in compliance
with the current public information under Rule 144 under the Securities Act or any other rule of similar effect or (ii) all of the securities
have been sold pursuant to this prospectus or Rule 144 under the Securities Act or any other rule of similar effect. The Offered Securities
will be sold only through registered or licensed brokers or dealers if required under applicable state securities laws. In addition, in
certain states, the resale securities covered hereby may not be sold unless they have been registered or qualified for sale in the applicable
state or an exemption from the registration or qualification requirement is available and is complied with.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Under applicable rules and regulations
under the Exchange Act, any person engaged in the distribution of the resale securities may not simultaneously engage in market making
activities with respect to the common stock for the applicable restricted period, as defined in Regulation M, prior to the commencement
of the distribution. In addition, the Selling Securityholders will be subject to applicable provisions of the Exchange Act and the rules
and regulations thereunder, including Regulation M, which may limit the timing of purchases and sales of the common stock by the Selling
Stoc Securityholders or any other person. We will make copies of this prospectus available to the Selling Securityholders and have informed
them of the need to deliver a copy of this prospectus to each purchaser at or prior to the time of the sale (including by compliance with
Rule 172 under the Securities Act).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>


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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><a name="v_011"></a><b>LEGAL MATTERS</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The validity of the securities
offered hereby will be passed upon for us by Haynes and Boone, LLP, New York, New York.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><a name="v_012"></a><b>EXPERTS</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The consolidated financial statements
of Wrap Technologies, Inc. as of the fiscal years ended December 31, 2024 and 2023, incorporated by reference in this prospectus, have
been audited by HTL International, LLC, an independent registered public accounting firm, as stated in their report and included therein.
Such consolidated financial statements are incorporated by reference in reliance upon the report of such firm given their authority as
experts in accounting and auditing.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><a name="v_013"></a><b>WHERE YOU CAN FIND MORE INFORMATION</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We file annual, quarterly and
current reports, proxy statements and other information with the SEC. The SEC maintains a website, at <u>http://www.sec.gov</u>, that
contains registration statements, reports, proxy statements and other information regarding registrants that file electronically with
the SEC, including us. Our website address is <u>https://wrap.com/</u>.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We have filed with the SEC a registration
statement on Form S-1 under the Securities Act with respect to the securities being offered by this prospectus. This prospectus is part
of that registration statement. This prospectus does not contain all of the information set forth in the registration statement or the
exhibits to the registration statement. For further information with respect to us and the securities we are offering pursuant to this
prospectus, you should refer to the registration statement and its exhibits. Statements contained in this prospectus as to the contents
of any contract, agreement or other document referred to are not necessarily complete, and you should refer to the copy of that contract
or other documents filed as an exhibit to the registration statement. You may read or obtain a copy of the registration statement at the
SEC&rsquo;s website referred to above.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>


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    <div style="break-before: page; margin-top: 6pt; margin-bottom: 0pt"><p style="margin: 0pt">&nbsp;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><a name="v_014"></a><b>INCORPORATION OF CERTAIN INFORMATION BY REFERENCE</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">We are
&ldquo;incorporating by reference&rdquo; certain documents we file with the SEC, which means that we can disclose important information
to you by referring you to those documents. The information in the documents incorporated by reference is considered to be part of this
prospectus. Statements contained in documents that we file with the SEC and that are incorporated by reference in this prospectus will
automatically update and supersede information contained in this prospectus, including information in previously filed documents or reports
that have been incorporated by reference in this prospectus, to the extent the new information differs from or is inconsistent with the
old information.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; background-color: white"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><font style="font-family: Symbol; font-size: 10pt">&#183;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 10pt">Our Annual Report on <a href="https://www.sec.gov/Archives/edgar/data/1702924/000164117225001416/form10-k.htm" style="-sec-extract: exhibit">Form 10-K</a> for the year ended December 31, 2024, filed
with the SEC on March 31, 2025, as amended by Amendment No. 1 on <a href="https://www.sec.gov/Archives/edgar/data/1702924/000164117225006244/form10-ka.htm" style="-sec-extract: exhibit">Form 10-K/A</a>, filed with the SEC
on April 25, 2025;</font></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; background-color: white">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; background-color: white"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><font style="font-family: Symbol; font-size: 10pt">&#183;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 10pt">Our Current Reports on Form 8-K (other than any portions thereof deemed
furnished and not filed) filed with the SEC on <a href="https://www.sec.gov/Archives/edgar/data/1702924/000143774925003433/wrap20250211_8k.htm" style="-sec-extract: exhibit">February 11, 2025</a>, <a href="https://www.sec.gov/Archives/edgar/data/1702924/000143774925004882/wrap20250224_8k.htm" style="-sec-extract: exhibit">February 24, 2025</a>, <a href="https://www.sec.gov/Archives/edgar/data/1702924/000143774925005752/wrap20250228_8k.htm" style="-sec-extract: exhibit">February 28, 2025</a> and <a href="https://www.sec.gov/Archives/edgar/data/1702924/000143774925007635/wrap20250314_8k.htm" style="-sec-extract: exhibit">March 14, 2025</a>; and</font></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; background-color: white">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; background-color: white"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><font style="font-family: Symbol; font-size: 10pt">&#183;</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 10pt">The descriptions of our Common Stock and Series A preferred stock, par value
$0.0001 per share, incorporated by reference to <a href="https://www.sec.gov/Archives/edgar/data/1702924/000143774924027942/ex_718610.htm" style="-sec-extract: exhibit">Exhibit 4.8</a> to our Annual Report on Form 10-K for the year ended December 31, 2024, filed
with the SEC on March 31, 2025, including any amendment or report filed or to be filed for the purpose of updating such descriptions.</font></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">All documents filed by us pursuant
to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act (1) after the date of the filing of the registration statement of which this
prospectus forms a part and prior to its effectiveness and (2) until all of the securities to which this prospectus relates has been sold
or the offering is otherwise terminated, except in each case for information contained in any such filing where we indicate that such
information is being furnished and is not to be considered &ldquo;filed&rdquo; under the Exchange Act, will be deemed to be incorporated
by reference in this prospectus and any accompanying prospectus supplement and to be a part hereof from the date of filing of such documents.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">We will
provide a copy of the documents we incorporate by reference, at no cost, to any person who receives this prospectus. To request a copy
of any or all of these documents, you should write or telephone us at 3480 Main Hwy, Suite 202, Miami, Florida 33133 or (800) 583-2652.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">&nbsp;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Up to 6,433,332 Shares of Common Stock </b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>(Inclusive of 3,216,666 Shares of Common Stock Issuable Upon Exercise of Warrants)</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: Red"><img src="form424b3_001.jpg" alt=""></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>WRAP TECHNOLOGIES, INC.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>&nbsp;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b> PROSPECTUS</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<!-- Field: Rule-Page --><div style="margin: 0pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><b>&nbsp;</b></p>


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    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

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