Note
10. Warrants
Following
is a summary of all warrant activity for the six-month period ended June 30, 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 six months ended June 30, 2026 | |
| (636,114 | ) | |
| 0.0001 | |
| | |
| | | |
| | |
| Warrants outstanding at June 30, 2026 | |
| 3,877,361 | | |
$ | 5.04 | |
| | |
| | | |
| | |
| Weighted average remaining contractual terms at June 30, 2026 | |
| 3.7
years (a) | | |
| | |
| |
(a) |
Remaining
life excludes 973,000 prefunded warrants from the December 2025 Offering which do not have an expiration date. |
|