Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 911

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 7A
Chunk 911
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 Amendment No. 1 and Amendment No. 4, concerning the Unit Option, continue, except for the substitution of the revised Unit Option dates and features above. All other Plan features, conditions and terms remain unchanged.
    
   The date of this Amendment No. 8 to Prospectus Supplement was  March 23, 2024.

        F-
       34

        Zion Oil & Gas, Inc.

        Notes to Consolidated Financial Statements

   Note 6 – Stockholders’ Equity (cont’d)
    
   Amendment No. 9 – Extension of Termination Date to  May 31, 2024  
    
   Under our Dividend Reinvestment and Common Stock Purchase Plan (the “Plan”), we extended the current Unit Option that was filed under Amendment No. 4, dated  November 6, 2023, to terminate on  May 31, 2024.
    
   The ZNWBA warrants now will be first exercisable on  June 15, 2024, instead of  May 15, 2024, and continue to be exercisable through  June 15, 2025, instead of  May 15, 2025, unless extended, at a per share exercise price of $0.25. Zion considers this warrant as permanent equity per ASC 815-40-35-2. As such, there is no value assigned to this extension.
    
   Accordingly, all references in the Original Prospectus Supplement and Amendment No. 1 and Amendment No. 4, concerning the Unit Option, continue, except for the substitution of the revised Unit Option dates and features above. All other Plan features, conditions and terms remain unchanged.  
    
   The date of this Amendment No. 9 to Prospectus Supplement was  April 24, 2024.
    
   Amendment No. 10 – Extension of Termination Date to  August 31, 2024  
    
   Under our Dividend Reinvestment and Common Stock Purchase Plan (the “Plan”), we extended the current Unit Option that was filed under Amendment No. 4, dated  November 6, 2023, to terminate on  August 31, 2024.
    
   The ZNWBA warrants now will be first exercisable on  September 15, 2024, instead of  June 15, 2024, and continue to be exercisable through  September 14, 202