Company: CERO
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001213900-25-079898
Chunk: 67

Company: CERO THERAPEUTICS HOLDINGS, INC.
Filing Date: 2025-08-22
Form: 10-Q
Item: Item 1
Chunk 67
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 June 30, 2025, the Company had approximately $1,379,000 of unamortized stock-based compensation expense related to unvested stock
options, which is expected to be recognized over a weighted average period of 1.7 years. The weighted average grant date calculated fair
value per share of the Company’s options granted during the six months ended June 30, 2025 was $11.86. The weighted average grant
date calculated fair value per share of the Company’s options granted during the period February 14, 2024, through June 30, 2024,
was $3,520.

NOTE
12 – 401(K) RETIREMENT SAVINGS PLAN

The
Company sponsors a 401(k) defined contribution plan covering eligible employees who elect to participate. The Company is allowed to make
discretionary profit sharing and 401(k) matching contributions as defined in the plan and as approved by the Board of Directors. The
Company’s contributions for the period from February 14, 2024 through June 30, 2024 was $23,760 and Predecessor contributions during
the period from January 1, 2024 through February 13, 2024 was $0. The Company did not make any contributions to the 401(k) during the
six months ended June 30, 2025.

NOTE
13 – RELATED-PARTY TRANSACTIONS

In
February 2024, we issued and sold an aggregate of 10,089 shares of Series A Preferred Stock, 306 Series A Common Warrants and 2,500 Preferred
Warrants, at a price of $800 per share of Series A Preferred Stock, for aggregate cash proceeds of approximately $8.0 million, plus additional
cash proceeds of up to $2.0 million if the Preferred Warrants are exercised.

The
following table summarizes the shares of our Series A Preferred Stock issued to our related parties:

    Purchasers 
    Shares
    of Series A 
    Preferred Stock  
    Total
    Purchase Price 
  
    Daniel Corey(1) 
     150  
    $150,000 
  
    Atwood-Edminster Trust
    dtd 4-2-2000 (2) 
     1,002  
    $1,002,000 
  
    Chris Ehrlich(3) 
     275  
    $275,000 

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