Company: HYSR
Filing Date: 2025-09-15
Form Type: 10-K
Source: 0001213900-25-087311
Chunk: 1010

Company: SUNHYDROGEN, INC.
Filing Date: 2025-09-15
Form: 10-K
Item: Item 11
Chunk 1010
---
arrants

Transactions involving our warrants are summarized
as follows:

Year Ended June 30, 2025

    Weighted
    Average 

    Number of  
    Exercise 

    Warrants  
    Price 
  
    Warrants outstanding at June 30, 2024 
     78,095,239  
    $0.121 
  
    Issued 
     -  
    $- 
  
    Canceled/Expired 
     -  
    $- 
  
    Exercised 
     -  
    $- 
  
    Warrants outstanding at June 30, 2025 
     78,095,239  
    $0.121 

Year Ended June 30, 2024

    Weighted  Average 

    Number of  
    Exercise 

    Warrants  
    Price 
  
    Warrants outstanding at June 30, 2023 
     86,495,239  
    $0.121 
  
    Issued 
     -  
    $- 
  
    Canceled/Expired 
     -  
    $- 
  
    Exercised 
     (8,400,000) 
    $(0.094)
  
    Warrants outstanding at June 30, 2024 
     78,095,239  
    $0.121 

Details of our warrants outstanding as of June
30, 2025, is as follows:

  Warrants Exercisable   Weighted Average Contractual Life of Warrants Outstanding and Exercisable (Years)    78,095,239    0.67  

F-15

Details of our warrants outstanding as of June
30, 2024, is as follows:

  Warrants Exercisable   Weighted Average Contractual Life of Warrants Outstanding and Exercisable (Years)    78,095,239    0.67  

7.EQUITY SECURITIES, RELATED PARTY

On November 11, 2022, the Company entered into
a subscription agreement with TECO 2030 ASA (“TECO”). TECO is a Norwegian based clean tech company developing zero-emission
technology for the maritime and heavy industry. They are developing PEM hydrogen fuel cell stacks and PEM hydrogen fuel cell modules,
that enable ships and other heavy-duty applications to become emissions-free. TECO