Company: HYSR
Filing Date: 2025-09-15
Form Type: 10-K
Source: 0001213900-25-087311
Chunk: 1055

Company: SUNHYDROGEN, INC.
Filing Date: 2025-09-15
Form: 10-K
Item: Item 12
Chunk 1055
---
239  
    $0.121 
  
    Issued 
     -  
    $- 
  
    Canceled/Expired 
     -  
    $- 
  
    Exercised 
     -  
    $- 
  
    Warrants outstanding at June 30, 2025 
     78,095,239  
    $0.121 

Year Ended June 30, 2024

    Weighted  Average 

    Number of  
    Exercise 

    Warrants  
    Price 
  
    Warrants outstanding at June 30, 2023 
     86,495,239  
    $0.121 
  
    Issued 
     -  
    $- 
  
    Canceled/Expired 
     -  
    $- 
  
    Exercised 
     (8,400,000) 
    $(0.094)
  
    Warrants outstanding at June 30, 2024 
     78,095,239  
    $0.121 

Details of our warrants outstanding as of June
30, 2025, is as follows:

  Warrants Exercisable   Weighted Average Contractual Life of Warrants Outstanding and Exercisable (Years)    78,095,239    0.67  

F-15

Details of our warrants outstanding as of June
30, 2024, is as follows:

  Warrants Exercisable   Weighted Average Contractual Life of Warrants Outstanding and Exercisable (Years)    78,095,239    0.67  

7.EQUITY SECURITIES, RELATED PARTY

On November 11, 2022, the Company entered into
a subscription agreement with TECO 2030 ASA (“TECO”). TECO is a Norwegian based clean tech company developing zero-emission
technology for the maritime and heavy industry. They are developing PEM hydrogen fuel cell stacks and PEM hydrogen fuel cell modules,
that enable ships and other heavy-duty applications to become emissions-free. TECO is listed on Euronext Growth on Oslo Stock Exchange
under the ticker TECO. Pursuant to the subscription agreement, the Company purchased 13,443,875 shares of TECO stock for aggregate consideration
of $7 million in USD, at an exchange rate of NOK 10.4094. The shares