Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 906

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 7A
Chunk 906
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 per month.
    
   The ZNWAV warrants became exercisable on  March 31, 2023 and continued to be exercisable through  June 28, 2023 at a per share exercise price of $0.05.
    
   As of  June 28, 2023, any outstanding ZNWAV warrants expired.
    
   The ZNWAW warrants became exercisable on  April 14, 2023 and continued to be exercisable through  July 13, 2023 at a per share exercise price of $0.05.
    
   As of  July 13, 2023, any outstanding ZNWAW warrants expired.
    
   The ZNWAX warrants became exercisable on  May 2, 2023 and continued to be exercisable through  July 31, 2023 at a per share exercise price of $0.05.
    
   On  July 31, 2023, any outstanding ZNWAX warrants expired.
    
   The ZNWAY warrants became exercisable on  June 12, 2023 and continued to be exercisable through  September 10, 2023 at a per share exercise price of $0.05.
    
   On  September 10, 2023, any outstanding ZNWAY warrants expired.

        F-
       31

        Zion Oil & Gas, Inc.

        Notes to Consolidated Financial Statements

   Note 6 – Stockholders’ Equity (cont’d)
    
   Amendment No. 3 – New Unit Option under the Unit Program
    
   Under our Plan, we provided a Unit Option under Amendment No. 3. This Unit Option period began on  May 15, 2023 and terminated on  June 15, 2023.
    
   Our Unit Program consisted of the combination of Common Stock and warrants with basic Unit Program features, conditions and terms outlined in the Original Prospectus Supplement and Amendment No. 1 and Amendment No.2. Amendment No. 3 provided the option period, unit price and the determination of the number of shares of Common Stock and warrants per unit. As mentioned above, this Unit Option began on  May 15, 2023 and terminated on  June 15, 2023. The Unit Option consisted of Units of our securities where each Unit (priced at $250.00 each) was comprised of (i) a certain number of shares of Common Stock determined