Company: CERO
Filing Date: 2025-05-27
Form Type: POS AM
Source: 0001213900-25-047469
Chunk: 388

Company: CERO THERAPEUTICS HOLDINGS, INC.
Filing Date: 2025-05-27
Form: POS AM
Chunk 388
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2024, Series A Preferred Warrants were exercised into shares of Series A Preferred Stock for
gross proceeds of $. The remaining Series A Preferred Warrants were exercised in January 2025 for gross proceeds of $
(See Note 14).

The Company’s Preferred
Warrants were exercisable into Series A Preferred Stock, which had no cash redemption features that required liability treatment. The
Company recorded the Preferred Warrants as equity.

A summary of outstanding
warrants as of December 31, 2024 is as follows:

|                                         |     | Number of 
 Warrants  |         |     | Weighted 
 Average  
 Exercise 
 Price    |          |     | Weighted         
 Average          
 Remaining        
 Contractual Life 
 (in years)       |      |
|:----------------------------------------|:----|:----------|--------:|:----|:---------|---------:|:----|:-----------------|-----:|
| Public Warrants                         |     |           |  91,925 |     | $        | 1,150.00 |     |                  | 4.13 |
| February 2024 Series A Common Warrants  |     |           |   6,127 |     |          |   139.00 |     |                  | 2.62 |
| Series A Preferred Warrants             |     |           |     625 |     |          |   800.00 |     |                  | 0.12 |
| September 2024 Series C Common Warrants |     |           |  81,753 |     |          |     9.80 |     |                  | 3.23 |
| December 2024 Common Warrants           |     |           |  84,061 |     |          |     5.61 |     |                  | 3.48 |
| Outstanding as of December 31, 2024     |     |           | 264,491 |     | $        |   409.61 |     |                  | 3.60 |

F-55

NOTE 10 – FAIR VALUE MEASUREMENTS

Predecessor estimated the fair value of the Predecessor
Series A Preferred Stock Warrants at December 31, 2023, using Black-Scholes with the following assumptions:

|                          |     | December 31, |       |   |
|                          |     |         2023 |       |   |
|                          |     | -Predecess