Company: IPSI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110820
Chunk: 51

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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 2025 and February 20, 2025, the Company entered into a Securities Purchase Agreements with one accredited investor. In terms of the
Securities Purchase Agreements, the Company issued five-year warrants to purchase an aggregate of 2,654,761 shares of the
Common Stock at an exercise price of $0.084 per share (as adjusted for stock splits, stock combinations, dilutive issuances and similar
events). The Company is under no obligation to register the shares of Common Stock underlying the Note or the Warrant, for public resale.

Between April
29, 2025 and July 24, 2025, the Company entered into Securities Purchase Agreements with two accredited investors. In terms of the Securities
Purchase Agreements, the Company issued five-year warrants to purchase an aggregate of 50,000,000 shares of the Common
Stock at an exercise price of $0.005 per share (as adjusted for stock splits, stock combinations, dilutive issuances and similar
events). The Company is under no obligation to register the shares of Common Stock underlying the Note or the Warrant, for public resale.

Between January 7, 2025 and August
12, 2025, the Company received conversion notices from 5 note holders. As a result of these conversion notices, all warrants of the Company
that contain price-based anti-dilution protection had the exercise price of such warrants adjusted to $0.0005 to $0.000585 per share
and certain warrants of the Company that contain “full ratchet” anti-dilution price protection had the number of shares exercisable
for such warrants increased by the full ratchet provision and the conversion prices of such warrants adjusted to $0.0005 per share. Certain
warrants exercisable for 982,029,937 shares of common stock at an exercise price of $0.001105 per share, have a full ratchet
provision which results in an increase in the number of shares of Common Stock exercisable for such warrants by 1,188,256,223 to
a total number of shares of Common Stock exercisable for such warrants to 2,170,286,160 and a reduction in the exercise price
to $0.0005 per share from $0.001105 per share, In addition to this, certain warrants exercisable for 50,457,897 shares
of common stock have exercise price