Company: CERO
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001213900-25-079898
Chunk: 44

Company: CERO THERAPEUTICS HOLDINGS, INC.
Filing Date: 2025-08-22
Form: 10-Q
Item: Item 1
Chunk 44
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 respect to any additional
Registration Statements that may be required to be filed by the Company pursuant to this Waiver Agreement, the earlier of the (A) ninetieth
(90th) calendar day following the date on which the Company was required to file such additional Registration Statement and (B) fifth
(5th) Business Day after the date the Company is notified (orally or in writing, whichever is earlier) by the SEC that such Registration
Statement will not be reviewed or will not be subject to further review. The Registration Statement on Form S-3 was declared effective
on August 15, 2025. Furthermore, during the second quarter of 2025, the Company issued shares of Common Stock (the “Existing Series
C Conversion Shares”) upon conversion of shares of Series C Preferred Stock at conversion prices below the Conversion Price of the
Series D Preferred Stock (the “Existing Series C Conversions”), which each of the Company and Holder acknowledges was mutually
beneficial. Pursuant to the Waiver Agreement, the Series D Preferred Holders waived Section 8(a) of the Series D COD, in part, solely
with respect to the Existing Series C Conversions, such that the Prior Series C Conversion Shares shall be deemed “Excluded Securities”
under Section 8(a) (the “Antidilution Waiver”).

Bankruptcy
Triggering Event Redemption Right. Upon any bankruptcy Series D Triggering Event, the Company shall immediately redeem in cash
all amounts due under the Series D Preferred Stock at a 25% premium to the greater of (x) the amount of shares of Series D
Preferred Stock then outstanding and (y) the equity value of the shares of Series D Preferred Stock then outstanding, unless
the holder waives such right to receive such payment. The equity value of the Common Stock underlying the Series D Preferred Stock
is calculated using the greatest closing sale price of the Common Stock on any trading day immediately preceding such bankruptcy
Series D Triggering Event and the date the Company makes the entire payment required.

Change
of Control Exchange. Upon a change of control of the Company, each holder may require the Company to exchange the holder’s
shares of Series D Preferred Stock for consideration equal to the Change of Control Election Price (as defined in the Series D
Certificate of Designations), to be satisfied at the Company’s election in either (x) cash or (y) rights convertible
into such securities