Company: MYSEW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004290
Chunk: 456

Company: Myseum, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 456
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 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 approximately
$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 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 and the Company
received net proceeds of $4,537,000 after deducting placement fees and expenses of $563,000. The Company intends to use the net proceeds
from the offering for working capital and other general corporate purposes.

On January 7, 2025, the Company entered into an
engagement agreement with The Benchmark Company, LLC, as exclusive placement agent (“Benchmark” or 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 Placement Agent an aggregate cash fee equal to 7.0% of the gross proceeds from the sale
of securities in the Offering and a non-accountable expense allowance equal to 1.0% of the gross proceeds raised in the Offering. The
Company also agreed to issue the Placement Agent (or its designees) a warrant (the “Placement Agent Warrant”) to
purchase up to 5% of the aggregate number of shares of Common Stock sold in the offering, or warrants to purchase up to 60,000 shares
of Common Stock, at an exercise price equal to 100.0% of the offering price per share of Common Stock, or $4.25 per share. The Placement
Agent Warrant is exercisable during the four-and-a-half year period commencing six months after the date of the closing of this Offering.
In addition, the Company agreed to pay the Placement Agent $80,000 for legal expenses and other out-of-pocket expenses.

F-24

DATCHAT, INC. AND SUBSIDIARIES AND CONSOLIDATED ENTITIES

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