Company: JUNS
Filing Date: 2025-10-27
Form Type: 8-K
Source: 0001493152-25-019783
Chunk: 3

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-10-27
Form: 8-K
Item: Item 1.01
Chunk 3
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ible Note”). Giving effect to the OID, the purchase price to be paid by Yorkville
for the Second Convertible Note will be equal to the amount of the second Pre-Paid Advance ($1,860,000). Interest shall accrue on the
outstanding balance under the Convertible Notes at an annual rate equal to 8%, subject to an increase to 18% upon an event of default
as described in the Convertible Notes. The maturity date of each of the Convertible Notes issued in connection with each Pre-Paid Advance
will be October 24, 2026.

Yorkville
may convert all or any portion of the outstanding principal amount, accrued and unpaid interest and other amounts outstanding under the
Convertible Notes into shares of Common Stock, at any time and from time to time during the term of the Convertible Notes, at an initial
fixed conversion price of $1.50 per share, subject to adjustment as provided in the Convertible Notes (the “ Fixed Price”),
including (i) standard proportionate antidilution adjustment in the event of any stock split, stock combination, stock dividend or other
similar transaction involving the Common Stock and (ii) certain “price protection” antidilution adjustment in the event of
certain “dilutive issuances” of Common Stock by the Company at prices deemed to be below the Fixed Price (with the exception
of certain “excluded issuances” set forth in the Convertible Notes), which would reduce the Fixed Price to the lowest price
per share at which the Common Stock is deemed to be issued by the Company in the dilutive issuance, but in no event below the absolute
“ Floor Price” set forth in the Convertible Notes (which is subject to the standard proportionate antidilution adjustment
as described in (i) above). If an Event of Default (as such term is defined in the Convertible Notes) has occurred, Yorkville will then
be entitled to convert any portion of the Convertible Notes, or in the case of an Event of Default triggered by the failure of the Company
to repay any Installment Amount (defined below) due under the Convertible Notes by the applicable Installment Date (as defined below),
any portion of the outstanding and unpaid Installment Amount due under the Convertible Notes, into shares of Common Stock, at a conversion
price per share equal to the lower of (a) the Fixed Price then in effect and (b) a price per share equal to the product obtained by