Simple Agreement for Future Equity (SAFE) |
12 Months Ended |
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Dec. 31, 2025 | |
| Simple Agreement For Future Equity | |
| Simple Agreement for Future Equity (SAFE) | 10. Simple Agreement for Future Equity (SAFE)
On July 3, 2023, eXoZymes executed a simple agreement for future equity (SAFE) with MDB Capital Holdings LLC which provided funding of $785,000. On July 3, 2023, eXoZymes executed a simple agreement for future equity (SAFE) with Paul Opgenorth who provided funding of $15,000. Both agreements have identical terms.
On November 11, 2024, the Company gave instructions to issue an aggregate of shares of Common Stock on the conversion of the simple agreements for future equity (SAFEs) issued on July 3, 2023, to MDB Capital Holdings LLC and Paul Opgenorth, which provided funding of $800,000. The SAFEs converted by their terms on the sale of the shares of Common Stock in the IPO.
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