|
The Company reserved shares of common stock,
as adjusted for the recapitalization and for the Reverse Stock Splits, on an as-converted basis, for future issuance as follows:
| |
|
June 30,
2026 |
|
|
December 31,
2025 |
|
| Outstanding options under 2025 Plan |
|
|
245 |
|
|
|
103 |
|
| Issuance of options under the 2025 Plan |
|
|
7,816 |
|
|
|
1,003 |
|
| Outstanding common stock warrants |
|
|
35,670 |
|
|
|
2,336 |
|
| Issuance of earnout shares (1) |
|
|
387 |
|
|
|
387 |
|
| |
|
|
44,118 |
|
|
|
3,829 |
|
|
(1) |
These earnout shares exclude 129
shares, as adjusted for the Reverse Stock Splits, allocated to Milestone III, as Milestone III expired as of December 31, 2025. Milestone
III represents an operational milestone for the Company’s consummation of a joint venture, for which management has decided not
to pursue the joint venture. |
|