Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 811

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 2
Chunk 811
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, there are no ZNWAM warrants outstanding.
    
   The ZNWAN warrants became exercisable on  May 16, 2021 and continue to be exercisable through  May 16, 2023 at a per share exercise price of $1.00.
    
   As of  May 16, 2023, any outstanding ZNWAN warrants expired.

        F-
       27

        Zion Oil & Gas, Inc.

        Notes to Consolidated Financial Statements

   Note 6 – Stockholders’ Equity (cont’d)
    
   The ZNWAO warrants became exercisable on  June 12, 2021 and continue to be exercisable through  June 12, 2023 at a per share exercise price of $.25.
    
   As of  June 12, 2023, any outstanding ZNWAO warrants expired.
    
   Under our Plan, the Company under a Request For Waiver Program executed a Waiver Term Sheet for a program consisting of Zion securities to a participant. After conclusion of the program on  June 17, 2021, the participant’s Plan account was credited with the number of shares of the Company’s Common Stock that were acquired.
    
   Under our Plan, the Company under a Request For Waiver Program executed a Waiver Term Sheet for a unit program consisting of a Unit (shares of stock and warrants) to a participant. After conclusion of the program on  May 28, 2021, the participant’s Plan account was credited with the number of shares of the Company’s Common Stock and Warrants that were acquired. Each warrant affords the participant the opportunity to purchase one share of our Common Stock at a warrant exercise price of $.25. The warrant has the company notation of “ZNWAP.” The warrants will not be registered for trading on the OTCQB or any other stock market or trading market. The warrants were issued and became exercisable on  June 2, 2021 and continue to be exercisable through  June 2, 2022 at a per share exercise price of $.25.
    
   On  March 21, 2022, the Company extended the termination date of the ZNWAP Warrant by one (1) year from the expiration date of  June 2, 2022 to  June 2, 2023. Zion considers this warrant as permanent equity per ASC 815-40-35-2. As such, there is