Company: REVB
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000950170-25-034584
Chunk: 234

Company: REVELATION BIOSCIENCES, INC.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1B
Chunk 234
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 actual forfeitures in the period that each forfeiture occurs.Stock-Based Compensation ExpenseFor the years ended December 31, 2024 and 2023, the Company recorded stock-based compensation expense for the period indicated as follows: 

        Year EndedDecember 31,

        2024

        2023

        General and administrative:

        RSU awards
         
        $
        97,077

        $
        89,533

        Stock Options

        58,857

        56,204

        General and administrative stock-based compensation expense

        155,934

        145,737

        Research and development:

        RSU awards

        7,759

        7,592

        Stock Options

        5,157

        2,392

        Research and development stock-based compensation expense

        12,916

        9,984

        Total stock-based compensation expense
         
        $
        168,850

        $
        155,721

 F-21

10. Warrants Public WarrantsIn connection with our initial public offering, we issued and have outstanding as of December 31, 2024 10,511,597 Public Warrants to purchase an aggregate of 626 shares of common stock with an exercise price of $193,200.00 per share which expire on January 10, 2027 (the “Public Warrants”). The Public Warrants trade on the Nasdaq Capital Market under the ticker symbol REVBW.The Company may redeem the Public Warrants at a price of $0.01 per Public Warrant upon not less than 30 days’ prior written notice of redemption if, and only if, the reported last sale price of the Company’s common stock equals or exceeds $302,400 per share for any 20 trading days within a 30-trading day period ending on the third business day prior to the notice of redemption to the Public Warrant holders; and if, and only if, there is a current registration statement in effect with respect to the shares of common stock underlying the Public Warrants. If the Company calls the Public Warrants for redemption, management will have the option to require all holders that wish to exercise the Public Warrants to do so on a “cashless basis,” as described in the warrant agreement.  Rollover WarrantsIn connection with a private placement on January 31, 2021, Revelation issued warrants to a placement agent to purchase