Company: MYSEW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004290
Chunk: 119

Company: Myseum, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 119
---
 option term and expected volatility was based on historical volatility:

    2023 

    Dividend rate 
     -%

    Term (in years) 
     3 years 

    Volatility 
     137.0% to 168.0%

    Risk—free interest rate 
     3.96% - 4.73%

The following is a summary of the Company’s
stock option activity for the years ended December 31, 2024 and 2023 as presented below:

     Number of Options   Weighted Average Exercise Price   Weighted Average Remaining Contractual Life (Years)   Balance on December 31, 2022   160,420   $109.90    3.91   Granted   39,000    13.14    -   Cancelled   (40,750)   35.35    -   Balance on December 31, 2023   158,670    105.30    3.12   Cancelled   (44,100)   49.13    -   Balance on December 31, 2024   114,570   $126.92    2.08   Options exercisable on December 31, 2024   101,695   $138.68    2.01   Weighted average fair value of options granted during the 2024 period       $-       

On December 31, 2024, the aggregate intrinsic
value of options outstanding was $0.

Common Stock Warrants

On January 16, 2024, in connection with the Underwriting
Agreement, the Company sold pre-funded warrants to purchase up to 590,000 shares of Common Stock (the “Pre-Funded Warrants”).
The public offering price was $1.8499 for each Pre-Funded Warrant for aggregate gross proceeds of $1,091,441. The per share exercise price
for the Pre-Funded Warrants was $0.0001 and the Pre-Funded Warrants were exercisable immediately. The Underwriters immediately exercised
the 590,000 Pre-Funded Warrants and the Underwriters received 589,981 shares of Common Stock since the exercise was cashless.

A summary of the Company’s outstanding