Schedule
of Fair Value of Warrants
| Placement
Agent Warrants | |
Issued During
the Three and
Six Months Ended
June 30, 2026 | | |
As of
June 30, 2026 | |
| Exercise price | |
$ | 2.58 | | |
$ | 2.58 | |
| Expected life (years) | |
| 5.00 | | |
| 4.87 | |
| Expected volatility | |
| 86.60 | % | |
| 87.10 | % |
| Risk-free interest rate | |
| 4.09 | % | |
| 4.15 | % |
| Expected dividend yield | |
| - | % | |
| - | % |
| Share price | |
$ | 3.13 | | |
$ | 4.17 | |
| Private Placement
Warrants | |
Issued During
the Three and
Six Months Ended
June 30, 2026 | | |
As of
June 30, 2026 | |
| Exercise price | |
$ | 2.27 | | |
$ | 2.27 | |
| Expected life (years) | |
| 5.50 | | |
| 5.37 | |
| Expected volatility | |
| 85.30 | % | |
| 85.80 | % |
| Risk-free interest rate | |
| 4.15 | % | |
| 4.18 | % |
| Expected dividend yield | |
| - | % | |
| - | % |
| Share price | |
$ | 3.13 | | |
$ | 4.17 | |
|