| CAPITAL RAISES AND WARRANTS FOR COMMON STOCK |
NOTE 10. – CAPITAL RAISES AND WARRANTS FOR COMMON STOCK The following tables summarize the Company’s warrant activity: | | | Warrants outstanding at January 1, 2025 | | 25,755,260 | Exercised | | (1,840,485) | Warrants outstanding at March 31, 2025 | | 23,914,775 |
The following tables summarizes the Company’s outstanding warrants as of March 31, 2025: | | | | | | | | | | | | | # of warrants outstanding | | Issue date exercise price | | Current exercise price (1) | | Expiration date | July 2022 RDO warrants | | 32 | | $ | 66,420.000 | | $ | 66,420.00 | | July 25, 2027 | Senior Secured Credit Facility - JGB | | 154 | | $ | 41,310.000 | | $ | 27,708.000 | | September 3, 2028 | July 19, 2023 RDO warrants (3) | | 209 | | $ | 5,227.200 | | $ | 4.3021 | | July 20, 2028 | October 2023 CMPO warrants (3) | | 93 | | $ | 1,134.000 | | $ | 4.3021 | | October 19, 2028 | 2023 Inducement warrants (3) | | 19 | | $ | 464.400 | | $ | 4.3021 | | February 15, 2029 | April 2024 RDO Placement Agent warrants (3) | | 7,611 | | $ | 361.1250 | | $ | 4.3021 | | April 8, 2029 | September 2024 Reg A+ warrants (3) | | 2,012,723 | | $ | 135.000 | | $ | 4.3021 | | December 6, 2029 | September 2024 RDO warrants (3) | | 2,341,905 | | $ | 135.000 | | $ | 4.3021 | | December 6, 2029 | September 2024 RDO Placement Agent warrants (3) | | 87,216 | | $ | 168.750 | | $ | 4.3021 | | December 6, 2029 | September 2024 Inducement warrants (3) | | 2,220,465 | | $ | 135.000 | | $ | 4.3021 | | December 6, 2029 | September 2024 Inducement Placement Agent warrants (3) | | 85,960 | | $ | 168.750 | | $ | 4.3021 | | December 6, 2029 | Omnia Pre-Funded Warrants | | 8,519 | | $ | 0.00001 | | $ | 0.00001 | | Not applicable | Omnia warrants | | 3,408 | | $ | 361.125 | | $ | 361.1250 | | May 1, 2029 | October 2024 RDO (3) | | 6,359,501 | | $ | 135.000 | | $ | 4.3021 | | December 6, 2029 | October 2024 RDO Placement Agent Warrants (3) | | 241,445 | | $ | 168.750 | | $ | 4.3021 | | December 6, 2029 | October 2024 PIPE Warrants (3) | | 9,886,420 | (4) | $ | 135.000 | | $ | 4.3021 | (4) | (2) | October 2024 PIPE Placement Agent Warrants (3) | | 659,095 | (4) | $ | 168.750 | | $ | 4.3021 | (4) | (2) | | | 23,914,775 | | | | | | | | | (1) Warrant price adjusted as a result of anti-dilution or ratchet provisions. | (2) Expiration date is 5-years following shareholder approval date. | (3) The exercise prices of the warrants are subject to appropriate adjustment as a result of anti-dilution or ratchet protection provisions relating to subsequent equity sales of shares of the Company’s common stock or common stock equivalents at an effective price per share lower than the then effective exercise price of such warrants. Additionally, the warrant contains cashless and/or alternative cashless exercise features.
| (4) Reflects the number of warrants and exercise price assuming stockholder approval is obtained. |
See Note 14 “Subsequent Events” for additional information regarding outstanding warrants.
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