Quarterly report [Sections 13 or 15(d)]

Subsequent Events

v3.25.3
Subsequent Events
 9 Months Ended
Sep. 30, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 9 – SUBSEQUENT EVENTS:

 

1. On October 9, 2025, the Company entered into a waiver agreement with the Warrant Inducement Investor agreeing to the Company’s entry into an equity line of credit transaction. In consideration of such waiver, the Company granted the investor 100,000 warrants.
     
2. On October 20, 2025, the company amended its pre-funded warrant agreement with White Lion to reduce the number of warrant shares from the original 3,128,234 to 2,639,971 in lieu of the share redemption at par value that was defined in the White Lion Private Placement.
     
3. On November 7, 2025, an Extraordinary General Meeting of the shareholders of the Company approved the proposal to reverse split the Company’s outstanding shares in the ratio range between 1 for 7 to 1 for 12. The Board of the Company decided on the same day to effect the reverse split at 1 for 10 shares.