SUBSEQUENT EVENT |
9 Months Ended |
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Sep. 30, 2024 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENT |
NOTE 15 - SUBSEQUENT EVENT
On October 15, 2024, the “Company entered into a Securities Exchange Agreement (the “Exchange Agreement”) with an institutional shareholder (the “Shareholder”) pursuant to which the Shareholder agreed to exchange 774,569 shares of the Company’s common stock (the “Shares”) for pre-funded warrants to purchase 774,569 shares of the Company’s common stock.
Subject to certain ownership limitations, each pre-funded warrant is exercisable into one share of Company common stock at a price per share of $0.00001. In lieu of making the cash payment the holder may elect instead to receive upon such exercise (either in whole or in part) the net number of shares of Company common stock determined according to a cashless exercise formula set forth in the pre-funded warrant.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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