Company: IMNN
Filing Date: 2025-05-30
Form Type: PRE 14A
Source: 0001641172-25-013068
Chunk: 52

Company: Imunon, Inc.
Filing Date: 2025-05-30
Form: PRE 14A
Chunk 52
---
 issuable upon exercise of the outstanding Pre-Funded Warrants, and (vii) up to 14,805,557 of our authorized shares were reserved for issuance upon the exercise of the Warrants issued in the Private Placement assuming approval of the Issuance Proposal in Proposal No. 4. Pursuant to Proposal No. 7, we are also seeking approval of an amendment to our 2018 Plan to increase the number of shares authorized for the issuance of awards by 2,000,000.

Following the approval and filing of the Certificate of Amendment relating to the Authorized Share Increase, we may explore additional financing opportunities or strategic transactions that would require the issuance of additional shares of our common stock. If we issue additional shares, the ownership interest of holders of our capital stock will be diluted. Other than as set forth above or elsewhere in this proxy statement, we have no current plans, proposals or arrangements to issue any of the additional authorized shares of common stock that would become available as a result of the filing of the Certificate of Amendment relating to the Authorized Share Increase.

Interest of Certain Persons in Matters to Be Acted Upon

Except with respect to their continued employment as officers or directors of the Company, no director or executive officer has any substantial interest, direct or indirect, by security holdings or otherwise, in this proposal that is not shared by all of our other stockholders.

Procedure for Implementing the Amendment

The increase in our authorized shares of common stock will become effective upon the filing of the Certificate of Amendment relating to the Authorized Share Increase or such later time as specified in the filing with the Secretary of State of Delaware. The timing of the filing of the Certificate of Amendment will be determined by the Board of Directors based on its evaluation as to when such action will be the most advantageous to the Company and our stockholders. The Board reserves the right to abandon the Authorized Share Increase without further action by our stockholders at any time before the proposed amendment becomes effective, even if stockholders approve such amendment at the Annual Meeting.

Vote Required

For the Authorized Share Increase proposal to be approved, the number of votes cast “FOR” the proposal must exceed the number of votes cast “AGAINST” the proposal; provided that our common stock meets the Listing Condition, in which case, abstentions with respect to the proposal will not be considered “votes cast” and will have no effect on the proposal. If the Listing Condition is not met, the proposal must receive the affirmative vote of the holders of a majority of our issued and outstanding shares of