Company: INTS
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001567264-25-000010
Chunk: 50

Company: INTENSITY THERAPEUTICS, INC.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 8
Chunk 50
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 and 2023:20242023Stock price$2.95 to $5.19$3.10 to $5.00Exercise price$2.95 to $5.19$6.00 to $6.25Expected volatility97.06% to 100.64%97.06% to 103.85%Risk free interest rates4.12% to 4.39%3.59% to 4.85%Expected term (years)5.5 to 73 to 5For the years ended December 31, 2024 and 2023, a dividend yield of 0% was used because the Company has not historically paid and does not intend to pay a dividend on Common Stock in the foreseeable future. The expected stock price volatility assumption was estimated based on the historical volatilities for industry peers, as the Company had no active market for its stock prior to the IPO and limited history for issuance price of its stock. The risk-free rate assumption is determined using the yield currently available on U.S. Treasury zero coupon issues with a remaining term commensurate with the expected term of the award. The expected term of the option represents the period the options are expected to be outstanding.The following table summarizes the activity for warrants for the year ended December 31, 2024:WarrantsWeighted-Average Exercise PriceWeighted Average Remaining Contractual Term (in years)Aggregate Intrinsic Value (in thousands)Outstanding at December 31, 2023801,950$6.30 3.9$2,096 Issued1,287,113$3.02 Exercised(24,313)$2.26 Forfeited and cancelled(23,187)$2.86 Outstanding at December 31, 20242,041,563$4.32 4.7$— Exercisable at December 31, 2024747,200$6.51 3.2$— All warrants outstanding are exercisable for purchase of common stock.  In connection with the IPO, 313,950 warrants were issued to the Company’s underwriters during the year ended December 31, 2023. In connection with the registered direct offering, 1,237,113 warrants were issued to the Investor during the year ended December 31, 2024.At December 31, 2024, total unrecognized compensation cost related to warrants was approximately $0.2 million and is expected