Company: ARTL
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001640334-25-001624
Chunk: 21

Company: ARTELO BIOSCIENCES, INC.
Filing Date: 2025-09-04
Form: 424B5
Chunk 21
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 net tangible book value was $(3.4) million, or $(4.89) per share of our common stock, based upon 704,425 shares of common stock outstanding as of that date. Historical net tangible book value per share is equal to our total tangible assets, less total liabilities, divided by the number of outstanding shares of our common stock. Dilution in net tangible book value per share represents the difference between the amount per share paid by purchasers of shares of common stock in this offering and the net tangible book value per share of common stock immediately after this offering.

After giving effect to the sale by us in this offering of up to [ ] shares of common stock, at an offering price of $[ ] per share, and after deducting the underwriting discounts and commissions and estimated offering expenses payable by us, our as adjusted net tangible book value as of June 30, 2025, would have been approximately $[ ] per share. This represents an immediate increase in net tangible book value of approximately $[ ] per share to our existing security holders and an immediate dilution in as adjusted net tangible book value of approximately $[ ] per share to purchasers of our securities in this offering, as illustrated by the following table:

| Public offering price per share                                                    
 Net tangible book value per share as of June 30, 2025                              |     |   | (4.89 | ) |
|:-----------------------------------------------------------------------------------|:----|:--|:------|:--|
| Increase in net tangible book value per share attributable to this offering        |     | $ |       |   |
| As adjusted net tangible book value per share after giving effect to this offering |     | $ |       |   |
| Dilution per share to new investors participating in this offering                 |     | $ |       |   |

If the underwriter exercises the option to purchase up to [ ] additional shares of common stock in full at the public offering price of $[ ] per share, our adjusted net tangible book value as of June 30, 2025, after giving effect to this offering, would have been approximately $[ ] per share, representing an increase in net tangible book value of approximately $[ ] per share to existing security holders and immediate dilution in net tangible book value of approximately $[ ] per share to investors participating in this offering.

| S-13 |

The above discussion and table is based on 704,425 shares of our common stock outstanding as of June 30, 2025,