Nov. 12 at 3:37 PM
$MYO
Pursuant to the Loan Agreement, the Lender also has the right to convert up to
$3.0 million of the outstanding principal of Tranche 1 and up to
$1.0 million of
the outstanding principal of Tranche 2 into shares of Company common stock (the “Conversion Securities”) at a price per share equal to 120% of the exercise
price of the Warrant (further discussed below) at any time while the Loans are outstanding
Warrant
On the Closing Date and pursuant to the funding of Tranche 1 under the Loan Agreement, the Company issued to the Lender a warrant to purchase up to
$1 ,312,500 worth of shares of the Company’s common stock (the “Warrant”). The Warrant expires on November 4, 2030 (the “Expiration Date”) and has an
exercise price per share equal to the lesser of (i)
$0.96 and (ii) the price per share of the Company’s next bona fide round of equity financing before June 30,
2026 for the purposes of raising capital
