| Summary of Warrants Issued to Purchase Common Stock |
The Company issued the following warrants to purchase shares of its common stock, which are outstanding as of June 30, 2026 and December 31, 2025, respectively. These warrants are exercisable any time at the option of the holder until their expiration date.
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Issuance Date |
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Term |
|
Exercise
Price Per
Share |
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Outstanding at
December 31,
2025 |
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Issued
during the
Six
Months Ended
June 30, 2026 |
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Exercised
during the
Six
Months Ended
June 30,
2026 |
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Expired
during the
Six
Months Ended
June 30,
2026 |
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Outstanding at
June 30, 2026 |
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June 2026 Pre-Funded Warrants |
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June 2026 |
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perpetual |
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$ |
— |
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— |
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3,883,496 |
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— |
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— |
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3,883,496 |
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December 2022 Service and Performance Warrants (1) |
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December 2022 |
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5 years |
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$ |
11.20 |
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1,000 |
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— |
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— |
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— |
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1,000 |
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October 2022 Service and Performance Warrants (1) |
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October 2022 |
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5 years |
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$ |
16.00 |
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1,000 |
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— |
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— |
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— |
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1,000 |
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January 2021 Placement Agent Warrants |
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January 2021 |
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5.5 years |
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$ |
159.60 |
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9,846 |
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— |
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— |
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— |
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9,846 |
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December 2020 Warrants (2) |
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December 2020 |
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5.5 years |
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$ |
9.00 |
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16,367 |
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— |
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(16,367 |
) |
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— |
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— |
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December 2020 Warrants |
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December 2020 |
|
5.5 years |
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$ |
120.00 |
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49,100 |
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— |
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— |
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(49,100 |
) |
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— |
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July 2020 Warrants (2) |
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July 2020 |
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5.5 years |
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$ |
9.00 |
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16,036 |
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— |
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— |
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(16,036 |
) |
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— |
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July 2020 Placement Agent Warrants |
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July 2020 |
|
5.5 years |
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$ |
198.80 |
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|
802 |
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— |
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— |
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(802 |
) |
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— |
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January 2021 Warrants (2) |
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January 2021 |
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5.5 years |
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$ |
9.00 |
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7,831 |
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— |
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(7,831 |
) |
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— |
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— |
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January 2021 Warrants |
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January 2021 |
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5.5 years |
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$ |
125.20 |
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90,629 |
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— |
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— |
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— |
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90,629 |
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Total |
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192,611 |
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3,883,496 |
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(24,198 |
) |
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(65,938 |
) |
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3,985,971 |
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(1) The Company issued service and performance warrants (“Service and Performance Warrants”) in connection with professional services agreements with non-affiliated third party entities. (2) These warrants were repriced as part of the March 2023 Private Placement.
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| Summary of Key Terms and Activity of Liability Classified Preferred Investment Options |
The key terms and activity of the liability classified preferred investment options are summarized as follows:
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Issuance Date |
|
Term |
|
Exercise
Price Per
Share |
|
|
Outstanding at
December 31,
2025 |
|
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Issued
during the
Six
Months Ended
June 30, 2026 |
|
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Exercised
during the
Six
Months Ended
June 30,
2026 |
|
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Expired
during the
Six
Months Ended
June 30,
2026 |
|
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Outstanding at
June 30, 2026 |
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June 2026 Options - Series A-1 |
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June 2026 |
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5 years |
|
$ |
0.91 |
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— |
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3,883,496 |
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— |
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— |
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3,883,496 |
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June 2026 Options - Series A-2 |
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June 2026 |
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2 years |
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$ |
0.91 |
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— |
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3,883,496 |
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— |
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— |
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3,883,496 |
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June 2026 Placement Agent Options |
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June 2026 |
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5 years |
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$ |
1.29 |
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— |
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271,845 |
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— |
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— |
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271,845 |
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January 2026 Options |
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January 2026 |
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2.5 years |
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$ |
2.33 |
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— |
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1,617,190 |
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— |
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— |
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1,617,190 |
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January 2026 Placement Agent Options |
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January 2026 |
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2.5 years |
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$ |
3.22 |
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— |
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56,602 |
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— |
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— |
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56,602 |
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March 2023 Options - Series A |
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March 2023 |
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5 years |
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$ |
9.00 |
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666,334 |
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— |
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(666,334 |
) |
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— |
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— |
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March 2023 Placement Agent Options |
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March 2023 |
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5 years |
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$ |
11.25 |
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33,317 |
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— |
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— |
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— |
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33,317 |
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August 2022 Options (1) |
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August 2022 |
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5 years |
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$ |
9.00 |
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118,063 |
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— |
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(118,063 |
) |
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— |
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— |
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August 2022 Placement Agent Options |
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August 2022 |
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5 years |
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$ |
52.80 |
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5,904 |
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— |
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— |
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— |
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5,904 |
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Total |
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823,618 |
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9,712,629 |
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(784,397 |
) |
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— |
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9,751,850 |
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(1) These options were repriced as part of the March 2023 Private Placement.
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