Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 863

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 863
---
 December 31, 2023 
     783,167  
    $1.50  
     -  
    $-  
     783,167  
    $1.50 
  
    Granted and issued 
     -  
     -  
     -  
     -  
     -  
     - 
  
    Forfeited/Cancelled 
     -  
     -  
     -  
     -  
     -  
     - 
  
    Vested 
     -  
     -  
     -  
     -  
     -  
     - 
  
    Outstanding December 31, 2024 
     783,167  
    $1.50  
     -  
    $-  
     783,167  
    $1.50 

*After giving effect to a 1
for 30 reverse stock split on August 30, 2023.

F-26

INNOVATIVE PAYMENT
SOLUTIONS, INC.

NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS

15STOCKHOLDERS’ EQUITY
(continued)

b.Restricted stock awards (continued)

The
restricted stock granted, issued and exercisable at December 31, 2024 is as follows:

    Restricted Stock Granted and Vested 
  
    Grant date Price 
    Number Granted*  
    Weighted Average Fair Value per Share* 
  
    $1.47 
     683,167  
    $1.47 
  
    $1.50 
     33,333  
     1.50 
  
    $1.65 
     66,667  
     1.65 

     783,167  
    $1.50 

*After giving effect to a 1
for 30 reverse stock split on August 30, 2023.

c.Preferred Stock

The
Company has authorized 25,000,000 shares of preferred stock with a par value of $0.0001 authorized. No preferred stock
was issued and outstanding as of December 31, 2024 and December 31, 2023.

d.Warrants

Between February 13, 2023 and November 27, 2023, the Company