Quarterly report [Sections 13 or 15(d)]

WARRANTS (Tables)

v3.25.3
WARRANTS (Tables)
9 Months Ended
Sep. 30, 2025
Warrants  
SUMMARY OF AGGREGATE FAIR VALUES FOR THE WARRANT ISSUED

The following table summarizes the calculated aggregate fair values for the warrants issued in the two August offerings to be equity classified using the Black-Scholes method based on the following assumptions for the Offering:

 

SUMMARY OF AGGREGATE FAIR VALUES FOR THE WARRANT ISSUED 

Exercise price per share of warrant   $ 10.56  
Fair market closing price per share of Common Stock   $ 7.66  
Volatility     153 %
Expected term (years)     5  
Risk-free interest rate     3.82 %
Dividend yield     0 %
SCHEDULE OF CLASS OF WARRANT

SCHEDULE OF CLASS OF WARRANT 

   

Number of

warrants

issued

   

Weighted-

average

exercise price

   

Number of

warrants exercised

   

Number of

warrants outstanding

 
Pre-IPO convertible notes     96,616     $ 159.35             96,616  
IPO tradeable     77,560       91.95       (24,186 )     53,374  
IPO non-tradeable     100,105       91.95       (10,366 )     90,148  
Direct offering March 8, 2024     53,530       37.50       (35,553 )     17,777  
Placement agent direct offering March 8, 2024     1,066       49.20             1,066  
Inducement/direct offering August 5, 2024     58,402             (58,402 )      
Placement agent direct offering August 5, 2024     1,659       45.00             1,659  
Direct offering October 21, 2024     88,757       17.40       (59,544 )     29,213  
Warrant inducement February 25, 2025     97,538       25.50             97,538  
Public offering May 7, 2025     2,408,908       4.50       (1,719,497 )     689,411  
August PIPE/Inducement offering August 13, 2025     271,490       10.56             271,490  
                                 
Balance at September 30, 2025     3,255,840     $ 28.44       (1,907,548 )     1,348,292