Company: AEMD
Filing Date: 2025-06-26
Form Type: 10-K
Source: 0001683168-25-004780
Chunk: 1587

Company: AETHLON MEDICAL INC
Filing Date: 2025-06-26
Form: 10-K
Item: Item 9C
Chunk 1587
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 Continuous Service prior to any vesting date.

Unvested RSUs covering
611 shares of common stock were outstanding as of March 31, 2024.

WARRANTS:

During the
twelve-months ended March 31, 2025, we issued 2,065,500 warrants in connection with the May, 2024 public offering and 1,550,000 in connection
with a March 2025 warrant inducement. We did not issue any warrants during the fiscal year ended March 31, 2024.

A summary of the aggregate warrant activity for the years ended March
31, 2025 and 2024 is presented below:

    Schedule of warrant activity 

    Fiscal Year Ended March 31, 

    2025  
    2024 

    Warrants  
    Weighted  Average Exercise Price  
    Warrants  
    Weighted  Average Exercise Price 
  
    Outstanding, beginning of year 
     4,090  
    $20.09  
     4,090  
    $20.09 
  
    Granted 
     3,615,500  
    $3.58  
     –  
    $N/A 
  
    Exercised 
     (1,231,305) 
    $3.92  
     –  
    $N/A 
  
    Cancelled/Forfeited 
     (31,161) 
    $25.13  
     –  
    $N/A 
  
    Outstanding, end of year 
     2,357,124  
    $3.55  
     4,090  
    $20.09 
  
    Exercisable, end of year 
     2,357,124  
    $3.55  
     4,090  
    $20.09 
  
    Weighted average estimated fair value of warrants granted 
        
    $N/A  
        
    $N/A 

The detail of the warrants outstanding and exercisable as of March
31, 2025 is as follows:

    Schedule of warrant activity exercisable and outstanding 

     Warrants Outstanding  
     Warrants Exercisable 
  
    Range of  Exercise Prices 
     Number  Outstanding  
     Weighted Average  Remaining  Life (Years)