v3.26.1
Note 7 - Warrants
3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Warrants Disclosure [Text Block]

7. Warrants

 

The activity related to warrants during the three months ended March 31, 2026, is summarized as follows:

 

   

Common Stock

from

Warrants

   

Weighted-average
Exercise Price
(per share)

 

Outstanding at December 31, 2025

    39,319,028     $ 0.72  

Granted

    6,399,316     $ 0.001  

Outstanding and exercisable at March 31, 2026

    45,718,344     $ 0.62  

 

April 2025 Pre-Funded Warrants

 

In March 2026, the Company issued pre-funded warrants at a price of $0.585 per warrant to purchase up to an aggregate of 6,399,316 shares of common stock at an exercise price of $0.001 per share, in connection with the third closing of the April 2025 Private Placement (see Note 6, “Stockholders’ Equity” for additional information).

 

At March 31, 2026, 25,452,768 of the 45,718,344 warrants outstanding and exercisable were pre-funded warrants.