Company: IMNN
Filing Date: 2025-06-09
Form Type: DEF 14A
Source: 0001641172-25-014324
Chunk: 46

Company: Imunon, Inc.
Filing Date: 2025-06-09
Form: DEF 14A
Chunk 46
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 the Compensation Committee. However, the Compensation Committee, which is responsible for designing and administering the Company’s executive compensation program, values the opinions expressed by stockholders in their vote on this proposal, and will consider the outcome of the vote when making future compensation decisions for Named Executive Officers.

Vote Required

The affirmative vote of a majority of the votes cast affirmatively or negatively for this proposal will be required to approve, on an advisory basis, the 2024 executive compensation for the Company’s Named Executive Officers. Abstentions and broker non-votes will have no effect on Proposal No. 3.

<div align='center'>THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT STOCKHOLDERS VOTE “FOR” THE ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION</div>

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<div align='center'>PROPOSAL NO. 4:

APPROVAL OF THE ISSUANCE PROPOSAL</div>

Our Board is asking stockholders to consider and vote upon a proposal to approve the issuance of shares of our common stock underlying certain warrants issued in May 2025, in accordance with Nasdaq Listing Rule 5635(d).

The Private Placement

On May 23, 2025, we entered into a securities purchase agreement (the “Purchase Agreement”) with certain institutional and accredited investors for the issuance and sale in a private placement (the “Private Placement”) of (i) 2,777,779 shares (the “Shares”) of the Company’s common stock, (ii) pre-funded warrants (the “Pre-Funded Warrants”) to purchase up to 4,444,444 shares of common stock at an exercise price of $0.0001 per share, and (iii) warrants (the “Common Warrants”) to purchase up to 14,444,446 shares of common stock at an exercise price of $0.45 per share. The purchase price per Share and accompanying Common Warrant was $0.45 and the purchase price per Pre-Funded Warrant and accompanying Common Warrant was $0.4499.

The Pre-Funded Warrants were exercisable immediately, may be exercised at any time until all of the Pre-Funded Warrants are exercised in full, and have an exercise price of $0.0001 per share. The Common Warrants will be exercisable beginning on the effective date of Stockholder Approval (as defined below) of the issuance of the Warrant Shares (as defined below). The Common