Note
9. Warrants
Following
is a summary of all warrant activity for the three-month period ended March 31, 2026:
Summary of Warrant Activity
| Warrants | |
Number
of
Warrants
Issued | | |
Weighted
Average
Exercise
Price | |
| | |
| | |
| |
| Warrants outstanding at December 31, 2025 | |
| 4,513,475 | | |
$ | 5.04 | |
| | |
| | | |
| | |
| Pre-funded warrants exercised during the
three months ended March 31, 2026 | |
| (503,114 | ) | |
| 0.0001 | |
| | |
| | | |
| | |
| Warrants outstanding at March 31, 2026 | |
| 4,010,361 | | |
$ | 5.04 | |
| | |
| | | |
| | |
| Weighted average remaining contractual terms at March 31, 2026 | |
| 4.0
years (a) | | |
| | |
| |
(a) |
Amount
excludes 1.1 million prefunded warrants from the December 2025 Offering which do not have an expiration date. |
|