Company: INDP
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001493152-25-010136
Chunk: 268

Company: Indaptus Therapeutics, Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 11
Chunk 268
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,932 shares of common stock (at the same price and upon the same terms as the other purchasers.

November
2024 Financing

On
November 25, 2024, we completed a registered direct offering, pursuant to which we sold and issued to certain investors 1,817,017 shares
of our common stock. In addition, in a concurrent private placement, we issued to the investors unregistered warrants to purchase 1,817,017
shares of our common stock. The warrants are immediately exercisable at an exercise price of $1.05 per share and expire five years from
the date of issuance. The combined purchase price for one share of common stock and one warrant was $1.175, resulting in gross proceeds
of approximately $2.13 million, before deducting placement agent and other offering expenses in the amount of approximately $0.345 million.
One of the purchasers was Jeffrey Meckler, our Chief Executive Officer and director, who purchased 42,553 shares of common stock and
warrants to purchase 42,553 shares of common stock (at the same price and upon the same terms as the other purchasers.

Director
and Officer Indemnification and Insurance

We
have entered into indemnification agreements with each of our directors and executive officers. These agreements, among other things,
require us or will require us to indemnify each director and executive officer to the fullest extent permitted by Delaware law, including
indemnification of expenses such as attorneys’ fees, judgments, fines and settlement amounts incurred by the director or executive
officer in any action or proceeding, including any action or proceeding by or in right of us, arising out of the person’s services
as a director or executive officer.

We
also maintain an insurance policy that insures our directors and executive officers against certain liabilities, including liabilities
arising under applicable securities laws.

93

Item
14. Principal Accountant Fees and Services.

The
following table summarizes the fees of Haskell & White LLP, our independent registered public accounting firm, billed to us for their
professional services for each of the last two fiscal years:

    Fee Category 
    2024  
    2023 
  
    Audit Fees 
    $221,000  
    $210,000 
  
    Audit Related Fees 
     —  
     — 
  
    Tax Fees 
     —  
     — 
  
    All Other Fees 
     —  
     —