Transaction Details

Footnotes

On December 1, 2025, Mast Hill Fund, L.P. ("Mast Hill") and The Kambiz & Bahareh Mahdi Living Trust, which may be deemed to be beneficially owned by the Company's CEO, Kambiz Mahdi (the "Mahdi Trust"), entered into a Purchase and Assignment Agreement, pursuant to which Mast Hill would sell the Common Stock Purchase Warrant issued to Mast Hill by the Company on December 5, 2024 (the "Warrant"), to the Mahdi Trust for $10.00 (the "Purchase Price"). The Warrant originally entitled the holder to purchase 500,000 shares of issuer common stock at an exercise price of $2.00/share, with such number of shares and exercise price subject to adjustment as provided in the Warrant. On December 3, 2025, the Mahdi Trust paid the Purchase Price, and the transaction closed.