Company: INMB
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003354
Chunk: 850

Company: Inmune Bio, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 7A
Chunk 850
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each,
a “Right”) for each outstanding share of the Company’s common stock held by stockholders as of the close of business
on January 11, 2021. When exercisable, each right initially would represent the right to purchase from the Company one one-thousandth
of a share of a newly designated series of preferred stock, Series A Junior Participating Preferred Stock, par value $0.001 per share,
of the Company, at an exercise price of $300.00 per one one-thousandth of a Series A Junior Participating Preferred Share, subject to
adjustment. Subject to various exceptions, the Rights become exercisable in the event any person (excluding certain exempted or grandfathered
persons) becomes the beneficial owner of twenty percent or more of the Company’s common stock without the approval of the Board.
The Rights Agreement was amended in 2021, 2022, 2023 and 2024 to extend the expiration date and shall expire on December 30, 2025.

F-17

Preferred Stock

In 2020, the Company designated 45,000 shares
of its preferred stock with par value of $0.001 per share as Series A Junior Participating Preferred Stock. The remaining 9,955,000 shares
of preferred stock with par value of $0.001 remain undesignated. None of the preferred shares were issued and outstanding at December 31,
2024 and 2023.

NOTE 10 – INCOME TAXES

Loss before income taxes summarized by region
was as follows:

    (in thousands) 
    December 31, 2024  
    December 31, 2023 
  
    United States 
    $22,603  
    $20,286 
  
    Foreign 
     19,479  
     9,722 
  
    Total loss before income taxes 
     42,082  
     30,008 

The provision for income taxes consists of the
following components:

     December 31, 2024  
     December 31, 2023 
  
    Current expense (benefit) 
    $-  
    $- 
  
    Federal 
     -  
     - 
  
    State 
     -  
     - 
  
    Foreign 
     -  
     - 
  
    Current income tax expense 
     -