Mar. 31 at 10:14 PM
$SHPH 10-K 03/31/2026 For the year ended December 31, 2025, we reported stockholders’ equity of
$2,254,446, and, as a result, were not in compliance with the Stockholders’ Equity Requirement. We believe, as of March 9, 2026, we regained compliance with the Stockholders’ Equity Requirement based upon our underwritten public offering of 2,238,800 shares of our common stock at a public offering price of
$0.50 per share, resulting in gross proceeds of
$3,500,000 and net proceeds of approximately
$3,360,000 after deducting underwriting discounts, commissions, and estimated offering expenses of
$140,000. The offering included 4,761,000 pre-funded warrants at a price of
$0.499 per warrant, each exercisable for one share of common stock at a nominal exercise price of
$0.001 per share.
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