Company: AEMD
Filing Date: 2025-06-26
Form Type: 10-K
Source: 0001683168-25-004780
Chunk: 169

Company: AETHLON MEDICAL INC
Filing Date: 2025-06-26
Form: 10-K
Item: Item 1
Chunk 169
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 units vesting on each of June 30, 2023, September 30, 2023, December 31, 2023, and March 31, 2024, subject
in each case to the director’s Continuous Service (as defined in the 2020 Plan), through such dates. Vesting will terminate upon
the director’s termination of Continuous Service prior to any vesting date.

Unvested RSUs covering
611 shares of common stock were outstanding as of March 31, 2024.

WARRANTS:

During the
twelve-months ended March 31, 2025, we issued 2,065,500 warrants in connection with the May, 2024 public offering and 1,550,000 in connection
with a March 2025 warrant inducement. We did not issue any warrants during the fiscal year ended March 31, 2024.

A summary of the aggregate warrant activity for the years ended March
31, 2025 and 2024 is presented below:

    Schedule of warrant activity 

    Fiscal Year Ended March 31, 

    2025  
    2024 

    Warrants  
    Weighted  Average Exercise Price  
    Warrants  
    Weighted  Average Exercise Price 
  
    Outstanding, beginning of year 
     4,090  
    $20.09  
     4,090  
    $20.09 
  
    Granted 
     3,615,500  
    $3.58  
     –  
    $N/A 
  
    Exercised 
     (1,231,305) 
    $3.92  
     –  
    $N/A 
  
    Cancelled/Forfeited 
     (31,161) 
    $25.13  
     –  
    $N/A 
  
    Outstanding, end of year 
     2,357,124  
    $3.55  
     4,090  
    $20.09 
  
    Exercisable, end of year 
     2,357,124  
    $3.55  
     4,090  
    $20.09 
  
    Weighted average estimated fair value of warrants granted 
        
    $N/A  
        
    $N/A 

The detail of the