Schedule of Warrants Activity |
The following table
contains additional information concerning warrants activity for the years 2024 and 2023:
| |
For the year ended December 31, | |
| |
2024 | | |
2023 | |
| |
Number
of
warrants | | |
Weighted
average
exercise
price | | |
Number
of
warrants | | |
Weighted
average
exercise
price | |
Outstanding at the beginning of the year | |
| 202,251 | | |
$ | 23.31 | | |
| 202,251 | | |
$ | 23.31 | |
Issued | |
| 8,954,287 | | |
$ | 1.19 | | |
| - | | |
| - | |
Exercised | |
| (1,511,429 | ) | |
$ | 0.001 | | |
| - | | |
$ | - | |
Outstanding and exercisable at year-end | |
| 7,645,109 | | |
$ | 2.007 | | |
| 202,251 | | |
$ | 23.31 | |
|
Schedule of Warrants Outstanding |
Set forth below is data regarding the
range of exercise prices and remaining contractual life (in years) for warrants outstanding at December 31, 2024:
Number of Warrants | | Exercise Price Per Share | | | Issuance date | | Expiration date | 22,750 | | $ | 10.00 | | | February 26, 2020 | | February 24, 2025 | 160,727 | | $ | 25.00 | | | February 12, 2021 | | February 9, 2026 | 18,774 | | $ | 25.00 | | | February 17, 2021 | | February 9, 2026 | 3,571,429 | | $ | 1.40 | | | May 29, 2024 | | December 1, 2025(i) | 3,571,429 | | $ | 1.40 | | | May 29, 2024 | | November 29, 2029 (ii) | 125,000 | | $ | 1.75 | | | May 29, 2024 | | December 1, 2025(i) | 125,000 | | $ | 1.75 | | | May 29, 2024 | | May 27, 2029 (iii) | 25,000 | | $ | 3.25 | | | November 26, 2024 | | February 2, 2027 | 25,000 | | $ | 4.25 | | | November 26, 2024 | | February 2, 2027 | 7,645,109 | | | | | | | | |
(i) | The earlier of (a) December 1, 2025 and (b) the 60th day following
the occurrence of the Series A Milestone Event. |
(ii) | The earlier of (a) November 29, 2029 and (b) the 60th day
following the occurrence of the Series B Milestone Event. |
(iii) | The earlier of (a) May 27, 2029 and (b) 60 days following
the Series B Milestone Event. |
|