Company: ARTL
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001640334-25-001429
Chunk: 401

Company: ARTELO BIOSCIENCES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 401
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 of the Notes Offering (the “Maturity Date”). Upon the closing of the notes, the Company recorded deferred debt costs of $163 associated with transaction costs of the convertible notes. As of June 30, 2025, the net carrying value of the convertible notes is $791 which includes principal of $900 and deferred debt costs of $109. During the six months ended June 30, 2025, the Company recorded interest expense of $72 associated with the accretion of accrued interest of $18 and $54 amortization of deferred debt costs. 

NOTE 6 - EQUITY Preferred shares The Company has authorized 69,445 shares of preferred stock with a par value of $0.001 per share. As of June 30, 2025, and December 31, 2024, there were no shares of preferred stock issued or outstanding. Common Shares The Company has authorized 8,333,333 shares of Common Stock with a par value of $0.001 per share. Each share of Common Stock entitles the holder to one vote, in person or proxy, on any matter on which an action of the stockholders of the Company is sought. As of June 30, 2025, and December 31, 2024, there were 704,425 and 567,582 shares of Common Stock issued and outstanding, respectively.  On June 26, 2025, the “Company completed a private placement (the “Private Placement”) of (i) 136,843 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share (the “Common Stock”), at $5.82 per share, (ii) pre-funded warrants to purchase 93,180 shares of Common Stock at an exercise price of $0.001 per Share (the “Pre-Funded Warrants”) at $5.819 per Pre-Funded Warrant, (iii) warrants to purchase 460,046 shares of Common Stock at an exercise price of $5.82 per share (the “$5.82 Warrants”), and (iv) warrants to purchase 230,023 shares of Common Stock at an exercise price of $10.00 per share (the “$10.00 Warrants”). The Pre-Funded Warrants, the $5.82 Warrants and the $10.00 Warrants are collectively referred to herein as the “Warrants”