| Schedule of Common Stock Available for Issuance |
As
of June 30, 2026, the number of shares of Class A Common Stock available for issuance under the Company’s amended and restated
articles of incorporation were as follows:
Schedule
of Common Stock Available for Issuance
| | |
| | |
| Authorized number of shares of Class A Common Stock | |
| 285,000,000 | |
| Less: | |
| | |
| Class A Common Stock outstanding | |
| 15,001,187 | |
| Reserve for conversion of Class B Common Stock | |
| 200,491 | |
| Reserve for exercise of common stock warrants | |
| 2,593,074 | |
| Reserve for Earnout shares | |
| 350,000 | |
| Reserve for Extension shares | |
| 294,117 | |
| Reserve
for conversion of Series A 10% Convertible Preferred Stock and exercise of Preferred Warrant 1 | |
| — | |
| Reserve for conversion of convertible notes payable measured at fair value2 | |
| — | |
| Stock options and RSUs | |
| 711,217 | |
| Awards available for grant under 2023 Equity Incentive Plan | |
| 357,047 | |
| Awards available for grant under 2023 Employee Stock Purchase
Plan | |
| 68,705 | |
| Shares of Class A Common Stock available for issuance | |
| 265,424,162 | |
| 1 |
| The amounts issuable upon conversion of the preferred shares or the exercise of the warrants for the preferred shares were not included here as of June 30, 2026, as the number of dilutive shares is not determinable until conversion or exercise. Using the lowest eight-day volume weighted average price of the Class A Common Shares on June 30, 2026,
the Company estimates that approximately 6,367,975 shares would be issuable upon conversion of the preferred shares and exercise of the
warrants as of June 30, 2026. |
| 2 |
| The amounts issuable
upon conversion of the convertible notes measured at fair value were not included here as of June 30, 2026, as the number of
dilutive shares is not determinable until conversion Using the lowest eight-day volume weighted average price of the Class A Common Shares on June 30, 2026, the
Company estimates that approximately 2,570,688
shares would be issuable upon conversion as of June 30, 2026.
|
|
As
of September 30, 2025, the number of shares of Class A Common Stock available for issuance under the Company’s amended and restated
articles of incorporation were as follows:
Schedule of Common Stock Available for Issuance
| | |
| | |
| Authorized number of shares of Class A Common Stock | |
| 285,000,000 | |
| Less: | |
| | |
| Class A Common Stock outstanding | |
| 5,883,842 | |
| Reserve for conversion of Class B Common Stock | |
| 200,491 | |
| Reserve for exercise of common stock warrants | |
| 2,508,573 | |
| Reserve for Earnout Shares | |
| 350,000 | |
| Reserve for RaGE Earnout | |
| 64,280 | |
| Stock options and RSUs | |
| 1,564,028 | |
| Awards available for grant under 2023 Equity Incentive Plan | |
| 256,089 | |
| Reserve for issuance under 2023 Employee Stock Purchase Plan | |
| 68,705 | |
| Class A Common Stock available for issuance | |
| 274,103,993 | |
|