Company: MYSEW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076607
Chunk: 37

Company: Myseum, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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 shelf registration
statement on Form S-3 (File No. 333-268058) filed by the Company with the SEC on October 28, 2022 and declared
effective by the SEC on December 6, 2022. On March 27, 2025, the Company issued 750,000 shares of its common stock to Benchmark to be
held and issued to future investors pursuant to the Sales Agreement. As of June 30, 2025, no proceeds from the sale of these shares have
been received. These shares are not considered issued and outstanding for accounting purposes, Upon the receipt of proceeds from the sale
of the common shares, the Company shall record the net proceeds from the sale of such shares to additional paid-in capital. As of June
30, 2025, the Company paid $54,028 of offering costs related to the Sales Agreement, which has been reflected as part of deferred offering
costs on the accompanying unaudited consolidated balance sheet as of June 30, 2025 (See Note 2 – Deferred Offering Costs). The sale
Agreement is still active and the Company plans on raising capital pursuant to the Sales Agreement in the future.

18

MYSEUM, INC. AND SUBSIDIARIES

(FORMERLY DATCHAT, INC.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2025 AND 2024

(Unaudited)

2023 Stock Repurchase Plan

On January 6, 2023, the Board of Directors of
the Company approved a stock repurchase program authorizing the purchase of up to $2 million of the Company’s common stock (the
“2023 Stock Repurchase Program”). In connection with the 2023 Stock Repurchase Program, during the year ended December 31,
2023, the Company purchased 66,945 shares of its common stock for $397,969, or at an average price of $5.94 per share, which has been
reflected as treasury stock on the accompanying consolidated balance sheet on June 30, 2025 and December 31, 2024. During the six months
ended June 30, 2025 and 2024, the Company did not purchase any treasury shares.

Common Stock Issued for Professional Services

On July 25, 2023, the Company issued 19,802 of
its common shares pursuant to a one-year consulting agreement. These