Company: HYSR
Filing Date: 2025-09-15
Form Type: 10-K
Source: 0001213900-25-087311
Chunk: 598

Company: SUNHYDROGEN, INC.
Filing Date: 2025-09-15
Form: 10-K
Item: Item 7
Chunk 598
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,651 and 8,851 shares of Series C Preferred Stock outstanding, respectively. The fair value of the outstanding shares was $665,100
and $885,100, respectively. 

4.COMMON STOCK

Year Ended June 30, 2025

On November 11, 2022, the Company entered into
a Purchase Agreement with an investor for the sale of up to $45,000,000 of shares of common stock. For the year ended June 30, 2025,
the Company issued 118,513,734 shares of common stock for $2,250,000 under the purchase agreement at prices of $0.0156 -
$0.02024, pursuant to purchase notices received from the investor. The finance cost of $48,075 was deducted from the gross proceeds,
leaving net proceeds of $2,201,925.

On November 22, 2024, the Company issued 231,578,947
shares of common stock, upon conversion of 2,200 shares of preferred stock with a stated value of $220,000 at a conversion price of $0.00095.

Year Ended June 30, 2024

On November 11, 2022, the Company entered into
a Purchase Agreement with an investor for the sale of up to $45,000,000 of common stock. For the year ended June 30, 2024, the Company
issued 86,395,059 shares of common stock for $900,000 under the purchase agreement at prices of $0.0094 - $0.0133, pursuant to purchase
notices received from the investor. The finance cost of $21,075 was deducted from the gross proceeds, leaving net proceeds of $878,925.

On September 8, 2023, the Company issued 221,052,632
shares of common stock, upon conversion of 2,100 shares of preferred stock with a stated value of $210,000 at a conversion price of $0.00095. 

5.STOCK INCENTIVE PLANS

2019 Equity Stock Incentive Plan 

On December 17, 2018, the Board of Directors adopted
the 2019 Equity Incentive Plan (“the 2019 Plan”), under which 300,000,000 shares are reserved for issuance. The purpose of
the 2019 Plan is to promote the success of the Company and to increase stock