Company: IMNN
Filing Date: 2025-05-13
Form Type: S-1/A
Source: 0001641172-25-009814
Chunk: 37

Company: Imunon, Inc.
Filing Date: 2025-05-13
Form: S-1/A
Chunk 37
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 reverse stock split, stock dividend, stock           
 combination recapitalization or other similar transaction involving our Common Stock (each,        
 a “Share Combination Event”, and such date on which the Share Combination                          
 Event is effected, the “Share Combination Event Date”) and the lowest                              
 daily dollar volume-weighted average price per share of our Common Stock during the period         
 commencing on the trading day immediately following the applicable Share Combination Event         
 Date and ending on the fifth trading day immediately following the applicable Share Combination    
 Event Date (the “Event Market Price”) (provided if the Share Combination                           
 Event is effective prior to the opening of trading on the market on which shares of our Common     
 Stock are then traded, then, commencing on the Share Combination Event Date and ending on          
 the fourth trading day immediately following the applicable Share Combination Event Date           
 (such period, the “Share Combination Adjustment Period”)) is less than                             
 the exercise price then in effect (after giving effect to the adjustment for such event),          
 then, at the close of trading on the last day of the Share Combination Adjustment Period,          
 the exercise price then in effect on such fifth trading day will be reduced (but in no event       
 increased) to the Event Market Price and the number of shares of Common Stock issuable upon        
 exercise of a common warrant (such resulting number, the “Share Combination Issuable               
 Shares”) will be increased such that the aggregate exercise price, after taking                    
 into account the decrease in the exercise price, will be equal to the aggregate exercise           
 price on the date of issuance of the common warrants for the remaining shares of Common Stock      
 then issuable pursuant to the common warrant; provided, however, that in no event will the         
 Event Market Price be lower than the Floor Price; and provided further that notwithstanding        
 the foregoing, if one or more Share Combination Events occurred prior to Stockholder Approval      
 being obtained and the reduction of the exercise price was limited by clause (i) of the definition 
 of Floor Price, once Stockholder Approval is obtained, the Exercise Price will automatically       
 be reduced to equal the greater of (x) the lowest Event Market Price with respect to any           
 Share Combination Event that occurred prior to Stockholder Approval being obtained, and (y)        
 the price determined by reference to clause (ii) of the definition of Floor Price. If one          
 or more Share Combination Events occurs prior to Stockholder Approval being obtained and           
 the reduction of the exercise price to the Event Market Price, once Stockholder Approval           
 is obtained, the exercise