Company: PETVW
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001641172-25-018617
Chunk: 426

Company: PetVivo Holdings, Inc.
Filing Date: 2025-07-10
Form: 10-K
Item: Item 2
Chunk 426
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 793,585 shares
    in connection with the sale of stock in a registered direct offering which closed in April 2023 in exchange for proceeds of $2,182,359
    net of offering costs of $88,765, at a price of $2.75 per share. The Company received $137,500 of those proceeds on March 31, 2023.
    The Company recorded this in common stock to be issued at March 31, 2023, and moved it to common stock and additional paid-in capital
    upon the issuance of shares of common stock in April 2023.
  
    ii)
    From April 2023 through
    June 2023, 30,300 shares related to vesting of RSUs to John Lai, the Company’s Chief Executive Officer, in lieu of compensation
    valued as of $74,589;
  
    iii)
    From April 2023 through
    June 2023, 49,998 shares to service providers for consulting services valued at $123,078;
  
    iv)
    From July 2023 through
    September, 2023, 349,498 shares to service providers for consulting services valued at market on the date of grant of $740,978; 
  
    v)
    In August 2023, sale of
    1,200,002 shares of common stock in exchange for proceeds of $1,775,782, net of offering costs of $24,218, at a price of $1.50 per
    share;
  
    vi)
    In August 2023, 385,000
    shares issued in connection with the conversion of the Convertible Debentures totaling $577,500 including $27,500 of accrued interest
    at a price of $1.50 per share;
  
    vii)
    From August 2023 through
    September 2023, 34,678 shares issued pursuant to two warrant holder’s cashless exercise of warrants for purchase of 63,584
    shares of common stock at an average strike price of $1.34 per share;
  
    viii)
    From July 2023 through
    August 2023, 28,250 shares related to vesting of restricted stock units (“RSUs”);
  
    ix)
    In August 2023, 20,200
    shares issued related to vesting of RSUs to John Lai, the Company’s