STOCK WARRANTS |
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| STOCK WARRANTS | 10. STOCK WARRANTS
The Company has the following warrants outstanding as of March 31, 2026, all of which are exercisable:
At March 31, 2026, the intrinsic value of the outstanding warrants was $.
In connection with the PIPE offering that occurred in 2025, pre-funded warrants were granted to purchase up to an aggregate of 1,677,996 shares of Common Stock at a purchase price per warrant of $. Each of the pre-funded warrants is exercisable for one share of Common Stock at the exercise price of $0.0001 per pre-funded warrant share, immediately exercisable, and may be exercised at any time until all of the pre-funded warrants issued in the PIPE are exercised in full. There is no expiration date or contractual life associated with the pre-funded warrants and therefore, the weighted-average remaining contractual life cannot be calculated.
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