Company: REVB
Filing Date: 2025-05-20
Form Type: S-1
Source: 0001213900-25-045828
Chunk: 167

Company: REVELATION BIOSCIENCES, INC.
Filing Date: 2025-05-20
Form: S-1
Chunk 167
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 that the holder would own more than 4.99% of the outstanding common stock immediately after exercise, except that upon at least 61 days’ prior notice from the holder to us, the holder may increase the amount of ownership of outstanding stock after exercising the holder’s Common Stock Warrants up to 9.99% of the number of shares of our common stock outstanding immediately after giving effect to the exercise, as such percentage ownership is determined in accordance with the terms of the Common Stock Warrants. 103 Cashless Exercise and Zero Exercise Price Option If, at the time a holder exercises its Common Stock Warrants, a registration statement registering the issuance or resale of the shares of common stock underlying the Common Stock Warrants under the Securities Act is not then effective or available for the issuance of such shares, then in lieu of making the cash payment otherwise contemplated to be made to us upon such exercise in payment of the aggregate exercise price, the holder may elect instead to receive upon such exercise (either in whole or in part) the net number of shares of common stock determined according to a formula set forth in the Common Stock Warrants. Upon Stockholder Approval, a holder of Class H-1 Warrants may, at any time and in its sole discretion, exercise its Class H-1 Warrants in whole or in part by means of a one-time only “zero exercise price” option in which the holder is entitled to receive a number of shares of common stock that shall equal the product of (x) the aggregate number of shares of common stock that would be issuable upon exercise of the Class H-1 Warrant in accordance with its terms if such exercise were by means of a cash exercise rather than a cashless exercise and (y) 10. As a result of this feature, we do not expect to receive any cash proceeds from the exercise of the Class H-1 Warrants because it is highly unlikely that a Class H-1 Warrant holder will elect to pay an exercise price in cash to receive one share of common stock when they could elect the zero exercise price option in these circumstances to receive more shares of common stock than they would receive if they did pay an exercise price. As an example, given the above provisions, holders of the Class H-1 Warrants will be issued a maximum of 32,786,880 shares of common stock upon the exercise of the Class H-1 Warrants. Each Class H-1 Warrant includes one underlying share of common stock that may be obtained by exercising the Class H-