Company: IMNN
Filing Date: 2025-05-13
Form Type: S-1/A
Source: 0001641172-25-009814
Chunk: 38

Company: Imunon, Inc.
Filing Date: 2025-05-13
Form: S-1/A
Chunk 38
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 price will automatically be reduced to the lowest Event Market           
 Price with respect to any Share Combination Event that occurred prior to Stockholder Approval      
 being obtained and the Share Combination Issuable Shares will automatically be adjusted to         
 equal the highest such number with respect to any Share Combination Event that occurred prior      
 to Stockholder Approval being obtained, provided that in no event will the exercise price          
 be reduced below the Floor Price. As a result, the aggregate number of shares of Common Stock      
 underlying all of the common warrants may increase from 15,000,000 up to 150,000,000 (in           
 each case, based on an assumed public offering price of $0.80 per share), assuming full adjustment 
 of the exercise price to the Floor Price and before giving effect to the “alternative              
 cashless exercise” provision. Assuming full adjustment of the exercise price to the                
 Floor Price, the aggregate number of shares of Common Stock issuable upon the exercise of          
 all of the common warrants pursuant to the “alternative cashless exercise” provisions              
 therein would be 450,000,000 (based on an assumed public offering price of $0.80 per share).       |

| ● | Voluntary                                                                               
 Adjustment of Exercise Price:  Subject                                                  
 to the rules and regulations of Nasdaq, the Company may at any time during the term     
 of the common warrants, with the prior written consent of the holders of the common     
 warrants representing at least a majority of the shares of Common Stock then underlying 
 the common warrants, reduce the then current exercise price of the common warrants      
 to any amount and for any period of time deemed appropriate by the board of directors   
 of the Company.                                                                         |

“ Adjustment Date” means the close of trading on the 11th trading day after the trading day during which the Company files a Current Report on Form 8-K with the SEC giving public notice of Stockholder Approval.

“ Floor Price” means a price per share equal to $0.16 (based on an assumed public offering price of $0.80 per share), which represents 20% of the public offering price per share.

| 19 |

Exercisability

The common warrants will be exercisable beginning on the Initial Exercise Date, at the option of each holder, in whole or in part, by delivering a duly executed exercise notice accompanied by payment in full for the number of shares of our Common Stock purchased upon such exercise (except in the case of a cashless exercise as discussed below). A holder (together with its