Company: CERO
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112619
Chunk: 67

Company: CERO THERAPEUTICS HOLDINGS, INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 67
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    $30,000 

    Earnout liability (Successor): 

    Balance at December 31, 2024 
    $-  
    $-  
    $20,000  
    $20,000 
  
    Gain on revaluation of earnout liability 
     -  
     -  
     -  
     - 
  
    Balance at September 30, 2025 (1) 
    $-  
    $-  
    $20,000  
    $20,000 

(1)There
was no change in value as of March 31, 2025, June 30, 2025 and September 30, 2025.

NOTE 11 – STOCK-BASED COMPENSATION

On March 25, 2024, stockholders
approved the 2024 Equity Incentive Plan (the “2024 Plan”), with initial reserves of 2,586 shares of common stock. The 2024
Plan became effective on February 14, 2024. At a special meeting of stockholders on April 30, 2024, the stockholders approved an increase
in the number of shares available for issuance under the 2024 Plan and the number of shares that may be issued pursuant to incentive stock
options, by an additional 1,000 shares each. At a special meeting of stockholders on November 11, 2024, the stockholders approved an increase
in the number of shares available for issuance under the 2024 Plan and the number of shares that may be issued pursuant to incentive stock
options, by an additional 10,423 shares each. The 2024 Plan has an evergreen provision that allows for an annual increase in the number
of shares available for issuance under the 2024 Plan to be added on the first day of January, starting with January 1, 2025, in an amount
equal to the lesser of (i) 5% of the fully diluted shares of our Common Stock on the immediately preceding December 31 or (ii) such number
of shares as determined by our board in each case subject to adjustment in the event of a stock split, stock dividend or other change
in our capitalization. On January 1, 2025, the number of shares reserved under the 2024 Plan was increased by 5% of the fully diluted
shares of our common stock on