(b)(1) Title of securities issued | (1) Series C Preferred Stock and Common Stock issued in Series C Preferred Stock Exchange, (2) 7-Year Cashless Exercise Warrants, (3) Common Stock issued upon exercise of Options, (4) Options |
(c)(1) Aggregate consideration for which the securities
were issued and basis for computing the amount thereof. | In connection with the Series C Preferred Stock Exchange, 3,703,703 shares of Series C Preferred Stock were issued in exchange for the tender by existing stockholders of (1) 141,758 shares of Series A Preferred Stock, (2) 829,490 shares of Series A1 Preferred Stock, (3) 2,410,762 shares of Series B Preferred Stock, and (4) 321,693 shares of Series B1 Preferred Stock. In connection with the Series C Preferred Stock Exchange, 11,029,311 shares of Common Stock were issued as a result of the conversion to Common Stock by existing stockholders of (1) 160,036 shares of Series A Preferred Stock, (2) 3,937,047 shares of Series A1 Preferred Stock, (3) 5,405,364 shares of Series B Preferred Stock, and (4) 1,526,864 shares of Series B1 Preferred Stock. 7-Year Cashless Exercise Warrants to purchase 67,022 shares of Common Stock at an exercise price of $2.25 per share were issued to Manhattan Street Capital in connection with the Company's engagement of Manhattan Street Capital for the use of its online platform for this offering. 104,305 shares of Common Stock were issued to officers upon the exercise of Options granted as compensation under the 2020 Stock Plan. Options to purchase 440,000 shares of Common Stock were granted to officers as compensation under the 2020 Stock Plan. |