Company: MYSEW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110045
Chunk: 107

Company: Myseum, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 107
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 from certain investors in exchange for promissory notes (the “Notes”) dated September 17, 2025 (the “Issuance
Date”) and warrants (the “Warrants”). The Notes bear interest at the rate of 7.0% per annum and matures on September
17, 2026 (the “Maturity Date”). Interest on the outstanding principal sum of the Notes commences accruing on the Issuance
Date, is computed on the basis of a 365-day year and the actual number of days elapsed, and shall be payable on the Maturity Date. RPM
Interactive may prepay the Notes at any time without penalty. The Warrants are exercisable into an amount of shares of RPM Interactive's
common stock at an exercise price that is contingent upon and subject to adjustment based on the per-share price of a future equity financing.
The exercise price per share of common stock under the Warrants shall be equal to 50% of the public offing price per share of common stock
in the initial public offering (“IPO”) (or if the IPO involves the issuance only of common stock equivalents, then the conversion,
exercise or exchange price of such common stock equivalent for one share of common stock), subject to adjustment. The total
number of shares of Warrants shall be equal to the quotient of (a) the initial principal amount of the Note purchased by
the Holder divided by (ii) the public offing price per share of common stock in the IPO (or if the IPO involves the issuance only
of common stock equivalents, then the conversion, exercise or exchange price of such common stock equivalent for one share of common stock

As of September 30, 2025, the pricing of the contingent
future financing has not occurred, and the fair value of the Warrant component is not reliably determinable due to the uncertainty of
the future inputs. Accordingly, the full proceeds of $40,000 from the offering were initially recorded as Notes Payable. Upon the occurrence
of the future financing, RPM Interactive will be required to evaluate the Warrants and potentially allocate the proceeds between the Notes
and the Warrants, which may result in recording a debt discount on the Notes and a corresponding increase to paid-in capital.

During the nine months ended September 30, 2025,
the Company recorded $52 in interest expense on the accompanying unaudited consolidated statement of operations and comprehensive loss.
As of September 30, 2025, the outstanding principal balance and accrued interest