Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 1556

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 1556
---
and that any increase shall not be effective until the 61st day after such notice.

F-28

INNOVATIVE PAYMENT
SOLUTIONS, INC.

NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS

15STOCKHOLDERS’ EQUITY
(continued)

d.Warrants (continued)

The
fair value of the warrants granted and issued, as described above, were determined by using a Black Scholes valuation model using the
following assumptions:

    Year ended
 December 31,
 2024 
  
    Exercise price 
    $
     0.084 to 0.345 
  
    Risk free interest rate 
    3.73 to 4.56%
  
    Expected life 
     1 to 5 years 
  
    Expected volatility of underlying stock 
     177.78 to 191.61%
  
    Expected dividend rate 
     0%

A
summary of warrant activity during the period January 1, 2023 to December 31, 2024 is as follows:

    Shares
 Underlying
 Warrants*  
    Exercise
 price per
 share*  
    Weighted
 average
 exercise
 price* 
  
    Outstanding January 1, 2023 
     5,186,376  
    $0.345
- 5.625  
    $0.9000 
  
    Granted 
     6,289,051  
     0.345 - 1.500  
     0.3556 
  
    Increase in warrants due to debt amendment full rachet trigger 
     (33,334) 
     1.500  
     1.5000 
  
    Cancelled on debt amendment 
     (1,000,000) 
     0.345  
     0.3450 
  
    Exercised 
     -  
     -  
     - 
  
    Outstanding December 31, 2023 
     10,442,093  
    $0.345
- 5.625  
    $0.6265 
  
    Granted 
     1,796,493  
     0.084 - 0.345  
     0.2670 
  
    Increase in warrants due to anti-dilution price protection 
     9,773,028