The following table summarizes the PIPE pre-funded warrant activity for the year ended December 31, 2025:
| | | | | | | | | | | | | | | | | | | | | | | | PIPE Pre-funded Warrants | | Weighted Average Exercise Price | | Weighted Average Remaining Contractual Life (in years) | | PIPE pre-funded warrants outstanding at December 31, 2024 | | - | | | $ | - | | | - | | | Granted | | 1,480,000 | | | $ | 0.00001 | | | 0.89 | | Exercised | | - | | | $ | - | | | - | | | Expired or cancelled | | - | | | $ | - | | | - | | | PIPE pre-funded warrants outstanding at December 31, 2025 | | 1,480,000 | | | $ | 0.00001 | | | 0.89 | | PIPE pre-funded warrants exercisable at December 31, 2025 | | 1,480,000 | | | $ | 0.00001 | | | 0.89 |
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