Company: PETVW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006783
Chunk: 32

Company: PetVivo Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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    72,812 shares related to
    vesting of restricted stock units (“RSUs”), vesting in December 2024.

For
the nine months ended December 31, 2023, the Company issued 3,970,989 shares of common stock as follows:

    i)
    793,585
    shares in connection with the sale of stock in a registered direct offering which closed in April 2023 in exchange for proceeds of
    $2,182,359 net of offering costs of $88,765, at a price of $2.75 per share. The Company received $137,500 of those proceeds on March
    31, 2023. The Company recorded this in common stock to be issued at March 31, 2023, and moved it to common stock and additional paid-in
    capital upon the issuance of shares of common stock in April 2023.

    22

    ii)
    6,250
    shares related to vesting of restricted stock units (“RSUs”), vesting in June 2023;

    iii)
    30,300
    shares related to vesting of RSUs to John Lai, the Company’s Chief Executive Officer, in lieu of compensation valued as of
    $74,589, based on the closing stock prices on the vesting date with 10,100 shares vesting in April 2023, 10,100 shares vesting in
    May 2023, and 10,100 shares vesting in June 2023;

    iv)
    16,666
    shares in April 2023 to service providers for consulting services valued at market on the date of grant of $48,581;

    v)
    16,666
    shares in May 2023 to service providers for consulting services valued at market on the date of grant of $40,332;

    vi)
    16,666
    shares in June 2023 to service providers for consulting services valued at market on the date of grant of $34,165;

    vii)
    16,666
    shares in July 2023 to service providers for consulting services valued at market on the date of grant of $35,332;

    viii)
    42,000
    shares in July 2023 to a service provider for consulting services valued at market on the date of grant of $89,040;

    ix)
    1,