Company: JUNS
Filing Date: 2025-10-27
Form Type: 8-K
Source: 0001493152-25-019783
Chunk: 2

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-10-27
Form: 8-K
Item: Item 1.01
Chunk 2
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, from time to time, which may include, among other things, market conditions, the trading price of the Common
Stock and determinations by the Company as to the appropriate sources of funding for the Company’s business and operations.

In
connection with the SEPA, and subject to the conditions set forth therein, Yorkville has agreed to advance to the Company up to $6.0
million, less certain amounts as described below (the “ Pre-Paid Advance”), which will be paid in two tranches, in exchange
for the Company’s issuance to Yorkville of convertible promissory notes described below (each, a “ Convertible Note”
and, together, the “ Convertible Notes”). The first Pre-Paid Advance in the amount of $3,720,000 was disbursed to the Company
on October 27, 2025, in exchange for the Company’s issuance to Yorkville of a Convertible Note in the principal amount of $4.0
million, which was issued with an “original issue discount” (“ OID”) of 7.0% (or $280,000) and is initially convertible
into Common Stock at a fixed conversion price of $1.50 per share (subject to adjustment as provided in such Convertible Note) (the “ First
Convertible Note”). Giving effect to the OID, the purchase price paid by Yorkville for the First Convertible Note is equal to the
amount of the first Pre-Paid Advance ($3,720,000). The second tranche of the Pre-Paid Advance in the amount of $1,860,000 will be disbursed
to the Company on the second trading day after the later of (i) the initial Registration Statement described above first becoming effective
under the Securities Act and (ii) the Company’s receipt of the requisite approval of its stockholders enabling it to issue shares
of Common Stock to Yorkville under the SEPA and upon conversion of the Convertible Notes, collectively, in excess of the Exchange Cap
(defined below), in exchange for the issuance by the Company’s issuance to Yorkville at such time of a second Convertible Note
in the principal amount of $2.0 million, which will likewise be issued with an “original issue discount” of 7.0% (or $140,000)
and will also be initially convertible into Common Stock at a fixed conversion price of $1.50 per share (subject to adjustment as provided
in such Convertible Note) (the “ Second Convert