Company: PETVW
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001641172-25-018617
Chunk: 1143

Company: PetVivo Holdings, Inc.
Filing Date: 2025-07-10
Form: 10-K
Item: Item 9
Chunk 1143
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6, at an exercise price of $1.50 per share.

On
February 2, 2024, the Company sold 1,386,469 units to thirteen investors, each unit consisting of one share of restricted common
stock and one warrant to purchase one share of common stock, at a price of $0.90 per unit. In total the Company raised $1,247,819 pursuant
to the private offering of the units. The warrants are immediately exercisable, have an exercise price of $1.50 per share (and no cashless
exercise rights), and are exercisable until February 1, 2027.

    F-19

 Between
April 2024 and February 2025, the Company sold an aggregate of 3,060,588
shares of restricted common stock in private offerings to various investors at prices ranging from $0.50
to $0.70
per share, raising total gross proceeds of $2,050,100.

Preferred
Stock

For
the year ended March 31, 2025, the Company issued 3,045,000 shares of Series A preferred stock in exchange for proceeds of
$1,218,000 at a price of $0.40 per share.

The
certificate of designation of rights and preferences has an optional conversion provision whereby each share of Series A Preferred Stock
shall be convertible at any time at the option of a holder into shares of Common Stock. The Series A Preferred Stock also has an automatic
conversion whereby the preferred shares shall automatically convert into Common Stock upon the one-year anniversary of the issuance of
the Series A Preferred Stock. There are no dividends attached to the Series A Preferred Stock.

On
March 26, 2025, the Company entered into a Subscription Agreement to receive $5,000,000 of equity financing in exchange for 5,000,000
shares of Series B Preferred Stock. The Company initially received $600,000 of proceeds on March 26, 2025, with the investor
receiving an option to invest the remaining $4,400,000 pursuant to the same terms and conditions, which was fully received and funded on June 24, 2025.

Series
B Preferred Stock is entitled to receive a specific dividend in an annual amount equal to Ten Percent (10%) of the total amount paid
to secure the Series B Convertible Preferred Stock. The dividend shall be paid to the holder by the Company in quarterly payments of
Common Stock.