Company: OCEA
Filing Date: 2025-01-13
Form Type: 10-Q
Source: 0001493152-25-001880
Chunk: 105

Company: Ocean Biomedical, Inc.
Filing Date: 2025-01-13
Form: 10-Q
Item: Item 1
Chunk 105
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 reliance on the exemption from registration
provided under Section 4(a)(2) of the Securities Act.

In
August, 2023, we issued to the Investor 11,032 shares of our common stock as an interest payment under the 2023 Convertible Note. This
transaction was effected without registration under the Securities Act in reliance on the exemption from registration provided under
Section 4(a)(2) of the Securities Act.

In
September, 2023, we issued to the Investor 13,445 shares of our common stock as an interest payment under the 2023 Convertible Note.
This transaction was effected without registration under the Securities Act in reliance on the exemption from registration provided under
Section 4(a)(2) of the Securities Act.

In
October, 2023, we issued to the Investor 15,173 shares of our common stock as an interest payment under the 2023 Convertible Note. This
transaction was effected without registration under the Securities Act in reliance on the exemption from registration provided under
Section 4(a)(2) of the Securities Act.

The
Company issued 39,650 shares of its common stock to the Investor during the fiscal year ended December 31, 2023 as interest payments.

In March 2024, the Company issued
169,582 restricted shares of its common stock in connection with the convertible portion of the Underwriter Promissory Note.

In May 2024, the Company issued 50,000 shares of its common stock to a
vendor in satisfaction of certain of their outstanding invoices due.

Issuer
Purchases of Equity Securities

We
did not purchase any shares of our common stock during the quarter ended September 30, 2024.

53

Item
6. Exhibits.

    Exhibit
    Number
     
    Description
  
    2.1
     
    Agreement and Plan of Merger, dated as of August 31, 2022 by and between Aesther Healthcare Acquisition Corp. (n/k/a Ocean Biomedical, Inc.), AHAC Merger Sub Inc., Aesther Healthcare Sponsor, LLC, Dr. Chirinjeev Kathuria and Ocean Biomedical, Inc. (n/k/a Ocean Biomedical Holdings, Inc.) (incorporated by reference from Exhibit 2.1 to the Form 8-K filed by Aesther Healthcare Acquisition Corp. (n/k/a Ocean Biomedical, Inc.) (File No. 001-40793) on September 8