Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 761

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 2
Chunk 761
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) year from the expiration date of June 29, 2019 to June 29, 2020.

On May 29, 2019, the Company extended the termination date of the ZNWAI Warrant by one (1) year from the expiration date of June 29, 2020 to June 29, 2021.

On September 15, 2020, the Company extended the termination date of the ZNWAI Warrant by two (2) years from the expiration date of June 29, 2021 to June 29, 2023. Zion considers this warrant as permanent equity per ASC 815-40-35-2. As such, there is no value assigned to this extension.

As of June 29, 2023, any outstanding ZNWAI warrants expired.

Each shareholder received .10 (one tenth) of a Subscription Right (i.e. one Subscription Right for each 10 shares owned) for each share of the Company’s Common Stock owned on the Record Date.

The 2018 Subscription Rights Offering terminated on May 31, 2018. The Company raised net proceeds of approximately $3,038,000, from the subscription of Rights, after deducting fees and expenses of $243,000 incurred in connection with the rights offering.

Warrants Table

The warrant activity and balances for the year 2023 are shown in the table below:

      Warrant 

      Outstanding 

      Outstanding 

      Exercise 

      Termination 

      Balance, 

      Warrants 

      Warrants 

      Warrants 

      Balance, 

      Warrants 
      
      Price 

      Date 

      12/31/2022 

      Issued 

      Exercised 

      Expired 

      12/31/2023 

      ZNWAA 
      
     $
     2.00

      01/31/2025 

     1,498,804

     -

     -

     -

     1,498,804

      ZNWAD 
      
     $
     1.00

      05/02/2023 

     243,853

     -

     -

     (243,853
     )

     -

      ZNWAE 
      
     $
     1.00

      05/01/2023 

     2,144,099

     -

     -

     (2,144,099
     )

     -

      ZNWAF