v3.26.1
SHAREHOLDERS' EQUITY
3 Months Ended
Mar. 31, 2026
SHAREHOLDERS' EQUITY  
SHAREHOLDERS' EQUITY

NOTE 13 – SHAREHOLDERS’ EQUITY

In January 2026, certain investors in the October 2025 Private Placement exercised (i) 437,881 October 2025 Pre-Funded Warrants and (ii) 25,000 Series H Warrants, resulting in net proceeds to the Company of approximately $206,000.

Warrants

The following table summarizes warrant activities during the three months ended March 31, 2026:

  ​ ​ ​

  ​ ​ ​

Weighted

ADSs

Average

Underlying

Exercise Price

Warrants

Per ADS

Outstanding and exercisable at December 31, 2025

10,241,240

 

$

10.59

Exercised Pre-Funded Warrants

 

(437,881)

Exercised Warrants

 

(25,000)

 

9.08

Expired

(22,324)

56.00

Outstanding and exercisable at March 31, 2026

9,756,035

$

10.97

As of March 31, 2026, outstanding Warrants expire through 2030, and the outstanding Warrants have an approximate intrinsic value of $5.8 million.