| SCHEDULE OF OUTSTANDING WARRANTS |
The
following table summarizes information of outstanding warrants as of June 30, 2026:
SCHEDULE OF OUTSTANDING WARRANTS
| | |
Warrants | | |
Warrant Term | |
Exercise Price | | |
Exercisable | |
| | |
| | |
| |
| | |
| |
| Class J Warrants | |
| 32,584 | | |
July 2029 | |
| 53.76 | | |
| 32,584 | |
| Class K Warrants | |
| 32,584 | | |
July 2029 | |
| 89.60 | | |
| 32,584 | |
| June 2024 Facility Agreement Warrants (note 7.D) | |
| 174,141 | | |
June 2027 | |
| 1.00 | | |
| 174,141 | |
| June 2024 Lead Lender Fee Warrants (note 7.D) | |
| 2,616,610 | | |
June 2027 | |
| 0.472 | | |
| 2,616,610 | |
| 2024 PIPE Warrants (note 10.B) | |
| 57,190 | | |
July 2027 | |
| 1.00 | | |
| 57,190 | |
| 2025 July Private Placement - pre-funded warrants (note 10.C) | |
| 56,584 | | |
Until exercised in full | |
| 0.00 | | |
| 56,584 | |
| 2025 July Private Placement – common warrants (note 10.C) | |
| 848,347 | | |
January 2031 | |
| 4.74 | | |
| 848,347 | |
| 2026 Private Placement - common warrants (note 10.D) | |
| 374,857 | | |
March 2031 | |
| 2.625 | | |
| 374,857 | |
| Quantum Israel Acquisition - pre-funded warrants (note 10.E) | |
| 2,009,507 | | |
Until exercised in full | |
| 0.00 | | |
| 2,009,507 | |
| Total | |
| 6,202,404 | | |
| |
| | | |
| 6,202,404 | |
The
following table summarizes the activity in outstanding warrants during the six months ended June 30, 2026:
| | |
Warrants outstanding as of January 1, 2026 | | |
Warrants granted | | |
Warrants Exercised | | |
Warrants outstanding as of June 30, 2026 | |
| | |
| | |
| | |
| | |
| |
| Class J Warrants | |
| 32,584 | | |
| - | | |
| - | | |
| 32,584 | |
| Class K Warrants | |
| 32,584 | | |
| - | | |
| - | | |
| 32,584 | |
| June 2024 Facility Agreement Warrants (note 7.D) | |
| 174,141 | | |
| - | | |
| - | | |
| 174,141 | |
| June 2024 Lead Lender Fee Warrants (note 7.D) | |
| 5,296,610 | | |
| - | | |
| (2,680,000 | ) | |
| 2,616,610 | |
| 2024 PIPE Warrants (note 10.B) | |
| 57,190 | | |
| - | | |
| - | | |
| 57,190 | |
| 2025 July Private Placement - pre-funded warrants (note 10.C) | |
| 56,584 | | |
| - | | |
| - | | |
| 56,584 | |
| 2025 July Private Placement – common warrants (note 10.C) | |
| 925,923 | | |
| - | | |
| (77,576 | ) | |
| 848,347 | |
| 2026 Private Placement - common warrants (note 10.D) | |
| - | | |
| 672,000 | | |
| (297,143 | ) | |
| 374,857 | |
| Quantum Israel Acquisition - pre-funded warrants (note 10.E) | |
| - | | |
| 4,447,595 | | |
| (2,438,088 | ) | |
| 2,009,507 | |
| Total | |
| 6,575,616 | | |
| 5,119,595 | | |
| (5,492,807 | ) | |
| 6,202,404 | |
|