Company: HYSR
Filing Date: 2025-09-15
Form Type: 10-K
Source: 0001213900-25-087311
Chunk: 1219

Company: SUNHYDROGEN, INC.
Filing Date: 2025-09-15
Form: 10-K
Item: Item 16
Chunk 1219
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During the year ended June 30, 2024, an investor
converted 2,100 preferred shares with a stated value of $210,000, at a conversion price of $0.00095, into 221,052,632 common shares. No
gain or loss was recognized in the financial statements.

As of June 30, 2025 and June 30, 2024, the Company
had 6,651 and 8,851 shares of Series C Preferred Stock outstanding, respectively. The fair value of the outstanding shares was $665,100
and $885,100, respectively. 

4.COMMON STOCK

Year Ended June 30, 2025

On November 11, 2022, the Company entered into
a Purchase Agreement with an investor for the sale of up to $45,000,000 of shares of common stock. For the year ended June 30, 2025,
the Company issued 118,513,734 shares of common stock for $2,250,000 under the purchase agreement at prices of $0.0156 -
$0.02024, pursuant to purchase notices received from the investor. The finance cost of $48,075 was deducted from the gross proceeds,
leaving net proceeds of $2,201,925.

On November 22, 2024, the Company issued 231,578,947
shares of common stock, upon conversion of 2,200 shares of preferred stock with a stated value of $220,000 at a conversion price of $0.00095.

Year Ended June 30, 2024

On November 11, 2022, the Company entered into
a Purchase Agreement with an investor for the sale of up to $45,000,000 of common stock. For the year ended June 30, 2024, the Company
issued 86,395,059 shares of common stock for $900,000 under the purchase agreement at prices of $0.0094 - $0.0133, pursuant to purchase
notices received from the investor. The finance cost of $21,075 was deducted from the gross proceeds, leaving net proceeds of $878,925.

On September 8, 2023, the Company issued 221,052,632
shares of common stock, upon conversion of 2,100 shares of preferred stock with a stated value of $210,000 at a conversion price of $0.