A summary of warrant activity during the periods indicated is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of Warrants |
|
|
Weighted Average Exercise Price |
|
|
Weighted
Average
Remaining Contractual Term (in years) |
|
|
Aggregate Intrinsic Value (in thousands) |
|
Outstanding at December 31, 2025 |
|
|
131,569,362 |
|
|
$ |
0.49 |
|
|
|
4.78 |
|
|
$ |
113,345 |
|
Granted |
|
|
— |
|
|
$ |
— |
|
|
|
|
|
|
|
Exercised |
|
|
— |
|
|
$ |
— |
|
|
|
|
|
|
|
Outstanding at June 30, 2026 |
|
|
131,569,362 |
|
|
$ |
0.49 |
|
|
|
4.30 |
|
|
$ |
35,719 |
|
A summary of pre-funded warrant activity during the periods indicated is as follows:
|
|
|
|
|
|
|
|
|
|
|
Number of
Pre-Funded Warrants |
|
|
Weighted Average Exercise Price |
|
Outstanding at December 31, 2025 |
|
|
82,366,667 |
|
|
|
|
Granted |
|
|
6,214,953 |
|
|
$ |
0.0001 |
|
Exercised |
|
|
(2,100,000 |
) |
|
$ |
0.0001 |
|
Outstanding at June 30, 2026 |
|
|
86,481,620 |
|
|
|
|
|