Company: AEMD
Filing Date: 2025-04-08
Form Type: PRE 14A
Source: 0001683168-25-002332
Chunk: 25

Company: AETHLON MEDICAL INC
Filing Date: 2025-04-08
Form: PRE 14A
Chunk 25
---
 Reverse Stock Split,
which time we refer to in this Proposal 1 as the Effective Time. Effective as of the Effective Time, shares of common stock issued
and outstanding immediately prior thereto will be combined, automatically and without any action on the part of us or our stockholders,
into a lesser number of new shares of our common stock in accordance with the Reverse Stock Split ratio determined by our Board of Directors
within the limits set forth in this Proposal 1. See “Share Issuance In Lieu of Fractional Shares” below regarding the treatment
of any fractional shares.

Share Issuance In Lieu of Fractional Shares

No fractional shares of common stock will be issued
as a result of any reverse stock split of our common stock, whether the Reverse Stock Split (if approved by our stockholders pursuant
to this Proposal 1 and implemented by our Board of Directors), or a reverse stock split effectuated by our Board of Directors without
stockholder approval pursuant to NRS 78.207. Instead, in lieu of any fractional shares to which a stockholder of record would otherwise
be entitled as a result of the Reverse Stock Split, pursuant to NRS 78.205(2)(b), we will issue to such stockholder such additional fraction
of a share as is necessary to increase such resulting fractional share to a full share of common stock. For example, if as a result of
a reverse stock split a record stockholder would otherwise be entitled to hold 15.3 shares of our common stock after giving effect to
the Reverse Stock Split, such stockholder would instead hold 16 shares of our common stock.

Record and Beneficial Stockholders

If this Proposal 1 is approved by our stockholders
and our Board of Directors elects to implement a Reverse Stock Split, or our Board of Directors otherwise elects to implement a reverse
split of our common stock without stockholder approval, as permitted under NRS 78.207, stockholders of record holding all of their shares
of our common stock electronically in book-entry form under the direct registration system for securities will be automatically exchanged
by the exchange agent and will receive a transaction statement at their address of record indicating the number of new post-split shares
of our common stock they hold after the Reverse Stock Split. Non-registered stockholders holding common stock through a bank,
broker or other nominee should note that such banks, brokers or other nominees may have different procedures for processing the Reverse
Stock Split than those that would be put in