Company: MYSEW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044159
Chunk: 30

Company: Myseum, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 of the Company and
the Underwriters, severally and not jointly, for losses or damages arising out of or in connection with the Offering, including for liabilities
under the Securities Act of 1933, as amended, other obligations of the parties and termination provisions. In addition, pursuant to the
terms of the Underwriting Agreement, each of the Company’s directors and executive officers entered into “lock-up” agreements
with the Representative that generally prohibit, without the prior written consent of the Representative and subject to certain exceptions,
the sale, transfer or other disposition of securities of the Company until July 17, 2024. Further, pursuant to the terms of the Underwriting
Agreement, the Company agreed for a period of 180-days from the closing date, subject to certain exceptions, not to issue, enter into
any agreement to issue or announce the issuance or proposed issuance of any shares of capital stock of the Company or any securities convertible
or exercisable or exchangeable for shares of capital stock of the Company; (ii) file any registration statement; (iii) complete any offering
of debt securities of the Company, other than entering into a line of credit with a traditional bank, or (iv) enter into any swap or other
arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of capital stock of the Company.

15 

DATCHAT, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2025 AND 2024

(Unaudited)

2025

Common Stock Sold for Cash

On January 8, 2025, the Company entered into a securities purchase
agreement (the “Purchase Agreement”) with certain institutional investors, pursuant to which the Company agreed to sell to
such investors 1,200,000 shares (the “Shares”) of common stock of the Company (the “Common Stock”), at a purchase
price of $4.25 per share of Common Stock (the “Offering”), for gross proceeds from the offering were $5.1 million, prior to
deducting placement agent’s fees and other offering expenses payable by the Company. The shares of Common Stock were offered by
the Company pursuant to its shelf registration statement on Form S-3 (File No. 333-268058), which was declared effective by the Securities
and Exchange Commission on December 6, 2022, a base prospectus dated December