| Schedule of warrant’s |
The
summary of warrant’s activity is as follows:
Schedule of warrant’s
| | |
Warrants Outstanding | | |
Warrants Exercisable | | |
Class A Ordinary Shares Issuable | | |
Weighted Average Exercise Price | | |
Average Remaining Contractual Life (in years) | |
| | |
| | |
| | |
| | |
US$ | | |
| |
| December 31, 2023 | |
| 5,570,275 | | |
| 5,570,275 | | |
| 5,570,275 | | |
$ | 1.66 | | |
| 1.63 | |
| Granted | |
| 251,608 | * | |
| 251,608 | | |
| 251,608 | | |
$ | 3.33 | | |
| 2.00 | |
| Forfeited | |
| (67,850 | ) | |
| (67,850 | ) | |
| (67,850 | ) | |
$ | 2.18 | | |
| - | |
| Exercised | |
| (810,425 | ) | |
| (810,425 | ) | |
| (810,425 | ) | |
$ | 1.65 | | |
| - | |
| December 31, 2024 | |
| 4,943,608 | | |
| 4,943,608 | | |
| 4,943,608 | | |
$ | 1.73 | | |
| 0.59 | |
| Granted | |
| 4,949,156 | | |
| 4,949,156 | | |
| 4,949,156 | | |
$ | 1.65 | | |
| 1.85 | |
| Forfeited | |
| (4,778,895 | ) | |
| (4,778,895 | ) | |
| (4,778,895 | ) | |
$ | 1.73 | | |
| - | |
| Exercised | |
| (164,713 | ) | |
| (164,713 | ) | |
| (164,713 | ) | |
$ | 1.23 | | |
| - | |
| December 31, 2025 | |
| 4,949,156 | | |
| 4,949,156 | | |
| 4,949,156 | | |
$ | 1.65 | | |
| 1.38 | |
| * |
|
The
number of warrants were estimated based upon the IPO price of US$4.75, the midpoint of the estimated proposed IPO price range of
$4.00 and $5.50 per share. |
|