Annual report [Section 13 and 15(d), not S-K Item 405]

Equity Securities (Tables)

v3.25.1
Equity Securities (Tables)
12 Months Ended
Dec. 31, 2024
Equity Securities  
Summary of the Company's equity securities

Description

 

Authorized

 

 

Issued

 

 

Pre-funded Warrants

 

 

Reserved

 

 

Outstanding

 

Common Stock, par value $0.0001

 

 

250,000,000

 

 

 

2,517,768

 

 

 

905,000

 

 

 

-

 

 

 

2,517,768

 

Preferred Stock

 

 

10,000,000

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Warrants (excluding pre-funded warrants)

 

 

-

 

 

 

5,068,455

 

 

 

-

 

 

 

-

 

 

 

5,068,455

 

2021 Omnibus Equity Incentive Plan

 

 

79,930

 

 

 

53,255

 

 

 

-

 

 

 

26,675

 

 

 

52,341

 

Total equity securities

 

 

260,079,930

 

 

 

7,639,478

 

 

 

905,000

 

 

 

26,675

 

 

 

7,638,564

 

Schedule of outstanding warrants

 

 

Quantity of Warrants Outstanding as of

 

 

 

 

 

 

Description

 

December 31, 2024

 

 

December 31, 2023

 

 

Exercise Price

 

 

Expiration Date

 

Pre-IPO Series 1a Warrants

 

 

279

 

 

 

279

 

 

$ 4,920.00

 

 

11/15/2026

 

Pre-IPO Class B Common Warrants

 

 

-

 

 

 

268

 

 

 

1,377.60

 

 

12/31/2024

 

IPO Warrants

 

 

12,320

 

 

 

12,320

 

 

 

1,680.00

 

 

8/17/2026

 

IPO Underwriter Warrants

 

 

535

 

 

 

535

 

 

 

1,932.00

 

 

8/17/2026

 

March 2023 Offering Placement Agent Warrants

 

 

7,549

 

 

 

7,549

 

 

 

57.94

 

 

3/16/2028

 

May 2023 PIPE Common Warrants

 

 

-

 

 

 

53,391

 

 

 

32.40

 

 

11/27/2028

 

May 2023 PIPE Placement Agent Warrants

 

 

3,736

 

 

 

3,736

 

 

 

42.84

 

 

5/23/2028

 

November 2023 Series A Common Warrants

 

 

-

 

 

 

247,196

 

 

 

9.7665

 

 

11/20/2028

 

November 2023 Series B Common Warrants

 

 

-

 

 

 

215,749

 

 

 

9.7665

 

 

3/20/2026

 

November 2023 Placement Agent Warrants

 

 

16,202

 

 

 

16,202

 

 

 

12.21

 

 

11/20/2028

 

May 2024 Series A Common Warrants

 

 

601,174

 

 

 

-

 

 

 

4.91

 

 

11/21/2029

 

May 2024 Series B Common Warrants

 

 

431,498

 

 

 

-

 

 

 

4.91

 

 

5/21/2026

 

May 2024 Placement Agent Warrants

 

 

36,144

 

 

 

-

 

 

 

6.45

 

 

11/21/2029

 

September 2024 PIPE Series A Common Warrants

 

 

1,912,569

 

 

 

-

 

 

 

1.58

 

 

3/18/2030

 

September 2024 PIPE Series B Common Warrants

 

 

1,912,569

 

 

 

-

 

 

 

1.58

 

 

3/17/2026

 

September 2024 PIPE Placement Agent Warrants

 

 

133,880

 

 

 

-

 

 

 

2.29

 

 

3/18/2030

 

Total warrants outstanding

 

 

5,068,455

 

 

 

557,225