Company: IMNN
Filing Date: 2025-05-30
Form Type: PRE 14A
Source: 0001641172-25-013068
Chunk: 45

Company: Imunon, Inc.
Filing Date: 2025-05-30
Form: PRE 14A
Chunk 45
---
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 Warrants will expire three years from the effective date of Stockholder Approval.

A holder of the Pre-Funded Warrants and the Common Warrants may not exercise any portion of such holder’s Pre-Funded Warrants or Common Warrants to the extent that the holder, together with its affiliates, would beneficially own more than 4.99% (or, at the election of the holder, 9.99%) of our outstanding shares of common stock immediately after exercise, except that upon at least 61 days’ prior notice from the holder to the Company, the holder may increase the beneficial ownership limitation to up to 9.99% of the number of shares of common stock outstanding immediately after giving effect to the exercise. In the event of certain fundamental transactions, the holders of Common Warrants have the right to require the Company or a successor entity to purchase the Common Warrants from the holder for an amount of consideration equal to the Black Scholes Value (as defined in the Common Warrants) of the remaining unexercised portion of the Common Warrants concurrently with or within 30 days following the consummation of a fundamental transaction.

In connection with the Private Placement, we entered into a registration rights agreement (“Registration Rights Agreement”), dated as of May 23, 2025, with the investors, pursuant to which we agreed to prepare and file a registration statement with the SEC registering the resale of the Shares and the shares of common stock underlying the Pre-Funded Warrants and the Common Warrants no later than 15 days after the date of the Registration Rights Agreement (the “Registration Statement”).

H.C. Wainwright & Co., LLC (“Wainwright”) acted as our lead placement agent, and Brookline Capital Markets, a division of Arcadia Securities, LLC, acted as co-placement agent, in connection with the Private Placement, pursuant to the Engagement Letter dated as of May 22, 2025 (the “Engagement Letter”), between us and Wainwright.