Item 7.01. Regulation FD Disclosure.
We previously entered into an Underwriting Agreement, dated as of January 13,
2022 (the "Underwriting Agreement"), with Boustead Securities, LLC ("Boustead")
in connection with the public offering of shares of our common stock. On June
10, 2022, Boustead granted us a staged release (the "Release") from the lock-up
provisions (the "Lock-Up") set forth in the Underwriting Agreement. The Release
provides for an immediate release from the Lock-Up with respect to (a) a shelf
registration statement on Form S-3 and a $100 million at-the-market offering of
our common stock, (b) the adoption or amendment of any equity incentive plan or
stock option plan of our company, any grants or issuances of securities
thereunder, any issuances upon the exercise or conversion of securities
thereunder, and the filing of any registration statements related thereto, and
(c) any issuance of securities in connection with acquisitions made by our
company. Further, the Release provides for a complete release from the Lock-Up
effective upon the effective date of our shelf registration statement on Form
S-3.
The information in this Current Report on Form 8-K is being "furnished" pursuant
to Item 7.01 and shall not be deemed to be "filed" for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of that section, and is not incorporated by reference into any
Company filing, whether made before or after the date hereof, except as shall be
expressly set forth by specific reference in such filing and regardless of any
general incorporation language in such filing.
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