| Summary of Outstanding Warrants |
The following table provides a summary of the number of the Company's outstanding warrants:
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Exercise price |
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Expiration date |
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June 30,
2026 |
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December 31,
2025 |
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Liability-classified warrants: |
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|
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|
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|
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February 2026 Offering Common Warrants |
February 17, 2026 - August 17, 2026: $26.35,
August 18, 2026 - January 1, 2027: $21.96 and
January 2, 2027 - February 17, 2031: $11.48 |
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February 2031 |
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819,822 |
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|
|
— |
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2025 Offering Common Stock Warrants |
$ |
34.21 |
|
|
September 2030 |
|
|
— |
|
|
|
9,437 |
|
Junior Note Warrants |
$ |
998.00 |
|
|
December 2028 |
|
|
4,306 |
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|
|
4,306 |
|
Public Warrants |
$ |
91,816.00 |
|
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January 2028 |
|
|
2,094 |
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|
|
2,094 |
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Total |
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|
826,222 |
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|
|
15,837 |
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Equity-classified warrants: |
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December 2025 $2.00 YA Warrants |
$ |
2.00 |
|
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December 2030 |
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|
— |
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|
|
400,802 |
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December 2025 $50.00 YA Warrants |
$ |
50.00 |
|
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December 2030 |
|
|
501,003 |
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|
501,003 |
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December 2025 $74.84 YA Warrants |
$ |
74.84 |
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|
December 2030 |
|
|
125,251 |
|
|
|
125,251 |
|
December 2025 $94.00 YA Warrants |
$ |
94.00 |
|
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December 2030 |
|
|
125,251 |
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|
|
125,251 |
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2025 Offering Placement Agent Warrants |
$ |
35.63 |
|
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September 2030 |
|
|
16,841 |
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|
16,841 |
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February 2026 Offering Placement Agent Warrants |
$ |
27.44 |
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February 2031 |
|
|
10,931 |
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|
|
— |
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June 2023 Senior Note Warrants |
$ |
8,223.60 |
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June 2028 |
|
|
1,680 |
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|
1,680 |
|
August 2024 Warrants Issued with Junior Notes |
$435.20 - 634.80 |
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August 2029 |
|
|
100 |
|
|
|
100 |
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Total |
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|
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|
781,057 |
|
|
|
1,170,928 |
|
The following table provides a summary of the activity related to the number of the Company's outstanding warrants during the six months ended June 30, 2026:
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Warrants Outstanding at
December 31, 2025 |
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Issuances |
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Exercises |
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Warrants Outstanding at
June 30, 2026 |
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Shares of Common Stock Issued Upon Exercise |
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Liability-classified warrants: |
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|
|
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February 2026 Offering Common Warrants |
|
— |
|
|
|
819,822 |
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|
|
— |
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|
819,822 |
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|
|
— |
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February 2026 Offering Pre-Funded Warrants |
|
— |
|
|
|
254,067 |
|
|
|
(254,067 |
) |
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|
— |
|
|
|
254,067 |
|
2025 Offering Common Stock Warrants |
|
9,437 |
|
|
|
— |
|
|
|
(9,437 |
) |
|
|
— |
|
|
|
49,156 |
|
Junior Note Warrants |
|
4,306 |
|
|
|
— |
|
|
|
— |
|
|
|
4,306 |
|
|
|
— |
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Public Warrants |
|
2,094 |
|
|
|
— |
|
|
|
— |
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|
2,094 |
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|
|
— |
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Total |
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15,837 |
|
|
|
1,073,889 |
|
|
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(263,504 |
) |
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826,222 |
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303,223 |
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Equity-classified warrants: |
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December 2025 $2.00 YA Warrants |
|
400,802 |
|
|
|
|
|
|
(400,802 |
) |
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|
— |
|
|
|
400,802 |
|
December 2025 $50.00 YA Warrants |
|
501,003 |
|
|
|
|
|
|
|
|
|
501,003 |
|
|
|
— |
|
December 2025 $74.84 YA Warrants |
|
125,251 |
|
|
|
|
|
|
|
|
|
125,251 |
|
|
|
— |
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December 2025 $94.00 YA Warrants |
|
125,251 |
|
|
|
|
|
|
|
|
|
125,251 |
|
|
|
— |
|
2025 Offering Placement Agent Warrants |
|
16,841 |
|
|
|
|
|
|
|
|
|
16,841 |
|
|
|
— |
|
Indigo Pre-Funded Warrants |
|
— |
|
|
|
279,417 |
|
|
|
(279,417 |
) |
|
|
— |
|
|
|
279,256 |
|
February 2026 Offering Placement Agent Warrants |
|
— |
|
|
|
10,931 |
|
|
|
|
|
|
10,931 |
|
|
|
— |
|
Q2 2026 Indigo Pre-Funded Warrants |
|
— |
|
|
|
720,811 |
|
|
|
(720,811 |
) |
|
|
— |
|
|
|
720,367 |
|
June 2023 Senior Note Warrants |
|
1,680 |
|
|
|
|
|
|
|
|
|
1,680 |
|
|
|
— |
|
August 2024 Warrants Issued with Junior Notes |
|
100 |
|
|
|
|
|
|
|
|
|
100 |
|
|
|
— |
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Total |
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1,170,928 |
|
|
|
1,011,159 |
|
|
|
(1,401,030 |
) |
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|
781,057 |
|
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|
1,400,425 |
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