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Subsequent Events
6 Months Ended
Jun. 30, 2024
Subsequent Events  
Subsequent Events

Note 8. Subsequent Events

On July 9, 2024, the Company entered into a warrant inducement agreement (the “Inducement Agreement”) with certain holders (the “Holders”) of the Company’s existing Warrant to Purchase Shares of Common Stock (“Existing Warrants”) to purchase shares of common stock of the Company. Pursuant to the Inducement Agreement, the Holders agreed to exercise for cash their Existing Warrants to purchase up to 703,125 shares of common stock at an exercise price of $6.00 per share during the period from the date of the Inducement Agreement until 1:00 p.m., Eastern Time, on July 9, 2024. The aggregate gross proceeds received by the Company was approximately $4,218,750 from the exercise of the Existing Warrants before deducting financial advisory fees and other expenses payable by the Company.