Company: JUNS
Filing Date: 2025-10-28
Form Type: PRER14A
Source: 0001493152-25-019793
Chunk: 80

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-10-28
Form: PRER14A
Chunk 80
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vere will receive cash compensation from the Company equal to (i) 8.0%
of the total proceeds raised by the Company through any Pre-Paid Advance and (b) $18,000 per month, on an accrual basis, for a period
12 months, the total amount of such monthly payment becoming due and payable at such time as the Company raises $5.0 million or more
in additional financing.

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Reasons for Seeking Stockholder Approval

Under Nasdaq Listing Rules 5635(b) and 5635(d),
stockholder approval is required prior to the issuance of securities in connection with a transaction (or a series of related transactions)
other than a public offering involving the sale, issuance or potential issuance of Common Stock (or securities convertible into or exercisable
for Common Stock) that will result in a change of control, which for purposes of Nasdaq Listing Rule 5635(b) is generally deemed to occur
when an investor or investor group acquires or has the right to acquire at least 20% or more of a company’s outstanding common
stock or voting power and such ownership or voting power would be the largest ownership position. However, even if the issuances contemplated
by the SEPA and Convertible Notes do not result in Yorkville having the largest ownership position in the Company, that fact alone may
not be dispositive. Nasdaq ultimately considers all facts and circumstances concerning a transaction to determine if a change of control
has occurred, including whether there are any other relationships or agreements between the company and the investor or group. Stockholders
should note that a “change of control” as described under Nasdaq Listing Rule 5635(b) applies only with respect to the application
of this rule and does not constitute a “change of control” for purposes of Delaware law, our organizational documents or
any other purpose.

Pursuant to Nasdaq Listing Rule 5635(d), stockholder approval is also required prior to a 20% or more of the Common Stock or 20% or more of the voting power outstanding before the issuance at a price that is less than the Minimum Price. “ Minimum Price” is defined as the lower of (i) the Nasdaq Official Closing Price (as reflected on Nasdaq.com) immediately preceding the signing of the binding agreement; or (ii) the average Nasdaq Official Closing Price of the Common Stock (as reflected on Nasdaq.com) for the five (5) trading days immediately preceding the signing of the