Company: JUNS
Filing Date: 2025-10-27
Form Type: 8-K
Source: 0001493152-25-019783
Chunk: 7

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-10-27
Form: 8-K
Item: Item 1.01
Chunk 7
---
 has obtained such requisite stockholder approval to issue shares of Common Stock in excess of the
Exchange Cap to Yorkville under the SEPA and upon conversion of the Convertible Notes in accordance with applicable Nasdaq rules.

In
addition to the Exchange Cap discussed above, the Company may not issue or sell any shares of Common Stock to Yorkville under the SEPA
or upon conversion of the Convertible Notes, which, when aggregated with all other shares of Common Stock then beneficially owned by
Yorkville and its affiliates (as calculated pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended (the “ Exchange
Act”), and the rules thereunder), would result in Yorkville beneficially owning more than 4.99% (which Yorkville may increase to
a higher percentage as specified in a written notice thereof delivered to the Company, which will not be effective
until the 65 th

The
SEPA will automatically terminate on the earliest to occur of (i) the 24-month anniversary of the date of the SEPA or (ii) the date on
which the Company shall have made full payment of Advances pursuant to the SEPA. The Company has the right to terminate
the SEPA at no cost or penalty upon five trading days’ prior written notice to Yorkville, provided that there are no outstanding
Advance Notices for which shares of common stock need to be issued and the Company has paid all amounts owed to Yorkville
pursuant to the Convertible Notes. The Company and Yorkville may also agree to terminate the SEPA by mutual written consent. Neither
the Company nor Yorkville may assign or transfer any of their respective rights and obligations under the SEPA, and no
provision of the SEPA may be modified or waived by the Company or Yorkville other than by an instrument in writing signed
by both parties.

There
are no restrictions on future financings, rights of first refusal, participation rights, penalties or liquidated damages in the SEPA
or Registration Rights Agreement, other than a prohibition on entering into specified “ Variable Rate Transactions” (as such
term is defined in the SEPA), other than with Yorkville, until all outstanding amounts under the Promissory Notes issued under the SEPA
have been repaid in full. Such transactions include, among others, the issuance of convertible securities with a conversion or exercise
price that is based upon or varies with the trading price of the Common Stock after the date of issuance, or the