Company: MYSEW
Filing Date: 2025-01-10
Form Type: 8-K
Source: 0001213900-25-002258
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Company: Myseum, Inc.
Filing Date: 2025-01-10
Form: 8-K
Item: Item 1.01
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Item
1.01 Entry into a Material Definitive Agreement.

On
January 8, 2025, DatChat, Inc. (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”).
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 6, 2022
and a prospectus supplement dated January 8, 2025.

The
closing of the sales of these securities under the Purchase Agreement took place on January 9, 2025.

The
gross proceeds from the offering were approximately $5.1 million, prior to deducting placement agent’s fees and other offering
expenses payable by the Company. The Company intends to use the net proceeds from the offering for working capital and other general
corporate purposes.

The
representations, warranties and covenants contained in the Purchase Agreement were made solely for the benefit of the parties to the
Purchase Agreement. In addition, such representations, warranties and covenants (i) are intended as a way of allocating the risk between
the parties to the Purchase Agreement and not as statements of fact, and (ii) may apply standards of materiality in a way that is different
from what may be viewed as material by stockholders of, or other investors in, the Company. Accordingly, the Purchase Agreement is included
with this filing only to provide investors with information regarding the terms of the transaction, and not to provide investors with
any other factual information regarding the Company. Moreover, information concerning the subject matter of the representations and warranties
may change after the date of the Purchase Agreement, which subsequent information may or may not be fully reflected in public disclosures.

On
January 7, 2025, the Company entered into an engagement agreement with The Benchmark Company, LLC, as exclusive placement agent (the
“ Placement Agent”), pursuant to which the Placement Agent agreed to act as placement agent on a reasonable “best efforts”
basis in connection with the Offering. The Company agreed to pay the