Company: BLIS
Filing Date: 2025-09-19
Form Type: 10-K/A
Source: 0001199835-25-000330
Chunk: 39

Company: NAPC Defense, Inc.
Filing Date: 2025-09-19
Form: 10-K/A
Chunk 39
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 are only eligible to be purchased by accredited investors. The Series A preferred shares are not convertible into common shares and are subject to all other restrictions on securities as set forth.

At April 30, 2025 and 2024 the Company had 51shares of Series A preferred shares outstanding.

F-18

Warrants

The following table reflects the warrants outstanding at April 30, 2025 and 2024:

Schedule of Warrant Outstanding

| Number                                              
 of Warrants                                         |     | Number   
 of       
 Warrants |            |   |     | Weighted-              
 Average Exercise Price |      |     | Weighted-      
 Remaining Term |        |
|:----------------------------------------------------|:----|:---------|-----------:|:--|:----|:-----------------------|-----:|:----|:---------------|-------:|
| Outstanding at April 30, 2023                       |     |          |  7,177,333 |   |     | $                      | 0.09 |     |                | 1.1428 |
| Granted                                             |     |          |          - |   |     |                        |      |     |                |        |
| Exercised                                           |     |          |          - |   |     |                        |      |     |                |        |
| Cancelled                                           |     |          | (5,921,666 | ) |     |                        |      |     |                |        |
| Outstanding at April 30, 2024                       |     |          |  1,255,667 |   |     | $                      | 0.25 |     |                | 2.1438 |
| Granted                                             |     |          | 51,645,715 |   |     | $                      | 0.02 |     |                | 2.2574 |
| Warrants issued under full ratchet price protection |     |          |  3,214,286 |   |     |                        | 0.02 |     |                |   4.16 |
| Exercised                                           |     |          | (3,500,000 | ) |     |                        |      |     |                |        |
| Cancelled                                           |     |          |          - |   |     |                        |      |     |                |        |
| Outstanding at April 30, 2025                       |     |          | 52,615,668 |   |     |