Company: VPLM
Filing Date: 2025-12-23
Form Type: 10-K
Source: 0001493152-25-029094
Chunk: 54

Company: Voip-pal.com Inc
Filing Date: 2025-12-23
Form: 10-K
Item: Item 1
Chunk 54
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 of issue to a consultant for professional services received. Vesting of the warrants
is contingent on the occurrence of certain events.

During
the year ended September 30, 2024, on April 25, 2024, the Company issued 203,000,000 warrants to purchase common shares at a price of
$0.005 per share for a period of ten years from the date of issue to its directors, officers, employees and consultants. The following
assumptions were used for the Black-Scholes valuation of these warrants on grant date as follows: risk-free rate of 4.70%, expected life
of 10 years, annualized historical volatility of 136.81% and a dividend rate of 0%. Expected volatilities are based on the historical
volatility of the Company’s stock and other factors. The weighted-average fair value per warrant is $0.013.

During
the year ended September 30, 2024, on January 12, 2024, the Company issued 137,091,089 warrants to purchase common shares at a price
of $0.001 per share for a period of 10 years from the date of issue to the Seller of Digifonica pursuant to the Anti-Dilution Clause
of the amended SPA. The following assumptions were used for the Black-Scholes valuation of these warrants on grant date as follows: risk-free
rate of 4.21%, expected life of 10 years, annualized historical volatility of 144.84% and a dividend rate of 0%. Expected volatilities
are based on the historical volatility of the Company’s stock and other factors. The weighted-average fair value per warrant is
$0.018. During the year ended September 30, 2024, share issuance cost of $2,431,780 was recorded within the additional paid-in capital
account.

During
the year ended September 30, 2023, on June 30, 2023, the Company issued 831,466,899 warrants recorded as a share issuance cost to purchase
common shares at a price of $0.001 per share for a period of ten years from the date of issue to its directors, officers, employees and
consultants. The following assumptions were used for the Black-Scholes valuation of these warrants on grant date as follows: risk-free
rate of 3.81%, expected life of 10 years, annualized historical volatility of 143.75