BERI Closes Private Placement of Common Stock

On November 12, 2021, we issued and sold 1,000,000 shares of our common stock in a private transaction exempt from registration under the Securities Act of 1933, as amended, in reliance on exemptions provided by Section 4(a)(2) and Rule 506(b) of Regulation D promulgated thereunder. The purchaser was an accredited or otherwise sophisticated investor who had access to business and financial information on our company. The sale of common stock resulted in $100,000 in net proceeds to us and we did not pay any commissions or finder's fees in connection with the transaction. The proceeds from the sale will be used for working capital.