Company: CERO
Filing Date: 2025-12-05
Form Type: S-1
Source: 0001213900-25-118817
Chunk: 288

Company: CERO THERAPEUTICS HOLDINGS, INC.
Filing Date: 2025-12-05
Form: S-1
Chunk 288
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the “New Issuance Price”) less than a price equal to the Series C Conversion Price in effect immediately prior to such issuance, the Series C Conversion Price shall be reduced to the New Issuance Price. If 30 days or 60 days following the occurrence of the later of (x) the Second Stockholder Approval Date and (y) the earlier of (a) the effective date of the registration statement to be filed pursuant to the Second Registration Rights Agreement and (b) the date that the Series C Preferred Stock is eligible to be resold without restriction under Rule 144 of the Securities Act, the Series C Conversion Price then in effect is greater than the greater of $39.20 and the Market Price (as defined in the Series C Certificate of Designations or Series C Warrants) then in effect (the “Series C Adjustment Price”), the Series C Conversion Price shall automatically lower to the Series C Adjustment Price. 170 As a result of the adjustments described above, as well as the terms of the consent of the holders of the Series C Preferred Stock to permitting the issuance of the Series E Preferred Stock, ranking pari passu thereto, the current Series C Conversion Price is $0.05. Covenants.The Series C Certificate of Designations contains a variety of obligations on our part not to engage in specified activities, which are typical for transactions of this type. In particular, we will not, and will cause our subsidiaries to not, redeem, repurchase or declare any dividend or distribution on any of our capital stock (other than as required under the Series C Certificate of Designations) and will not incur any indebtedness other than ordinary course trade payables or, subject to certain exceptions, incur any liens. In addition, we will not issue any preferred stock or issue any other securities that would cause a breach or default under the Series C Certificate of Designations. Any waiver or amendment of the foregoing covenants by the Required Holders (as defined in the Series C Certificate of Designations) shall be deemed to be a waiver or amendment by the Required Holders (as defined in the Series C Certificate of Designations) under the Series C Certificate of Designations or Series C Warrants. Reservation Requirements.So long as any Series C Preferred Stock remains outstanding, we shall at all times reserve at least 250% of the number of shares of Common Stock as shall from time to time be necessary to effect the conversion of all Series C Preferred Stock then outstanding. Series D Preferred Stock We designated 12,500