Company: NDRA
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001654954-25-005770
Chunk: 63

Company: ENDRA Life Sciences Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 63
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 Warrant using $1.75 (after adjustment) as the exercise price for that purpose and (y) 3.0. In connection with the Offering, the Company also issued placement agent warrants (“Placement Agent Warrants” and, together with the pre-funded warrants and the Series Warrants, the “Warrants”) to purchase up to 1,758 shares of common stock. The purchase price of each share of common stock and accompanying Series Warrants was $227.50 and the purchase price of each pre-funded warrant and accompanying Series Warrants was $227.325. Warrant Exercises On May 2, 2023, the Company conducted a registered offering in which the Company issued 1,232 warrants to purchase shares of common stock for an exercise price per share equal to $2,450. The warrants expire May 2, 2028. In December 2023, the Board approved a temporary reduction of the exercise price per share from $2,450 to $1,225. The Company also issued to the underwriter and its designees warrants exercisable for an aggregate of 172 shares of common stock for an exercise price per share equal to $2,625. The warrants expire November 2, 2026. During the three months ended March 31, 2025, no warrants were exercised. The following table summarizes all warrant activity of the Company for the three months ended March 31, 2025:   Number ofWarrants  WeightedAverageExercisePrice  WeightedAverageContractualTerm (Years) Balance outstanding at December 31, 2024  180,707  $85.38   4.58 Granted  -  -   - Exercised  -  -   - Forfeited  -   -   - Expired  -   -   - Balance outstanding at March 31, 2025  180,707  $85.38   4.34 Exercisable at March 31, 2025  180,707  $85.38   4.34  Common Stock Warrants In June 2024, as part of a registered offering, the Company issued 178,255 Series A Warrants and 178,255 Series B Warrants. The Company accounts for the 356,510 warrants, in the aggregate, in accordance with the