Quarterly report [Sections 13 or 15(d)]

Warrants

v3.26.1
Warrants
 6 Months Ended
Jun. 30, 2026
Warrants [Abstract]  
WARRANTS

NOTE 6 – WARRANTS

 

As of June 30, 2026, the fair value of the Public Warrants was approximately $0.138 per Public Warrant based on the closing price of the warrants on The Nasdaq Capital Market. As of June 30, 2026, the fair value of the Representative Warrants was approximately $0.144 per Representative Warrant, which was based on the relative fair value to the Public Warrants. As of June 30, 2026, all 220,000 Public Warrants and 13,800 Representative Warrants were outstanding.

 

Warrants exercisable at June 30, 2026, were as follows:

 

Exercise Price     Number of warrants     Weighted-average
remaining contractual
term (years)		     Weighted average
exercise price		  
$ 0.72       10,000       -          
$ 0.84       15,000       -          
$ 0.94       4,000,000       -          
$ 1.40       5,536,428       -          
$ 1.75       250,000       -          
$ 3.85       1,219,513       -          
$ 5.13       85,366       -          
$ 8.13       1,500       -          
$ 20.00       433,999       -          
$ 37.60       100,001       -          
$ 120.00       13,800                  
$ 125.00       220,000       -          
Warrants outstanding as of June 30, 2026       11,885,607       3.17     $ 4.94  
                           
Warrants exercisable as of June 30, 2026       11,860,607       3.17     $ 4.95