Company: IMNN
Filing Date: 2025-04-04
Form Type: S-1
Source: 0001641172-25-002783
Chunk: 22

Company: Imunon, Inc.
Filing Date: 2025-04-04
Form: S-1
Chunk 22
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 effect to this offering.

Our net tangible book value as of December 31, 2024 was approximately $4.2 million, or approximately $0.29 per share of our Common Stock. Our net tangible book value is the amount of our total tangible assets minus total liabilities. Net tangible book value per share as of December 31, 2024 is our net tangible book value divided by the number of shares of Common Stock outstanding as of December 31, 2024.

After giving effect to the sale of the maximum number of securities offered hereby, or 10,000,000 shares of Common Stock (assuming no sale of any pre-funded warrants and no exercise of the common warrants) in this offering at an assumed combined public offering price of $1.00 per share of Common Stock and accompanying common warrant (the last reported sale price of our Common Stock on Nasdaq on April 3, 2025), and after deducting estimated Placement Agent fees and estimated offering expenses payable by us, our as adjusted net tangible book value as of December 31, 2024 would have been approximately $13.3 million, or approximately $0.54 per share of Common Stock. This amount represents an immediate increase in as adjusted net tangible book value of $0.25 per share of Common Stock to our existing stockholders and an immediate dilution of $0.46 per share of Common Stock to investors participating in this offering. We determine dilution per share of Common Stock to investors participating in this offering by subtracting as adjusted net tangible book value per share of Common Stock after giving effect to this offering from the combined public offering price per share of Common Stock and accompanying common warrant paid by investors participating in this offering.

| Combined                                                                        
 public offering price per share of Common Stock and accompanying common warrant |     |   |      |     | $ | 1.00 |
| Historical                                                                      
 net tangible book value per share as of December 31, 2024                       |     | $ | 0.29 |     |   |      |
| Increase                                                                        
 in net tangible book value per share attributable to this offering              |     | $ | 0.25 |     |   |      |
| As                                                                              
 adjusted tangible book value per share, after giving effect to this offering    |     |   |      |     | $ | 0.54 |
| Dilution                                                                        
 per share to investors in this offering                                         |     |   |      |     | $ | 0.46 |