Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 382

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 9C
Chunk 382
---
 was filed under Amendment No. 4, dated  November 6, 2023, to terminate on  January 31, 2024.
    
   The ZNWBA warrants now will be first exercisable on  February 15, 2024, instead of  January 15, 2024 and continue to be exercisable through  February 15, 2025, instead of  January 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. 5 to Prospectus Supplement was  December 20, 2023.
    
   Amendment No. 6 – Extension of Termination Date to  February 29, 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  February 29, 2024.
    
   The ZNWBA warrants now will be exercisable on  March 15, 2024, instead of  February 15, 2024 and continue to be exercisable through  March 15, 2025, instead of  February 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.

        F-
       33

        Zion Oil & Gas, Inc.

        Notes to Consolidated Financial Statements

   Note 6 – Stockholders’ Equity (cont’d)
    
   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