May. 13 at 10:19 PM
$TOVX FROM SEC FILING October 16, 2025
"...a warrant inducement agreement with existing institutional investors (WHO ?) ... of warrants to purchase up to 7,360,460 of common stock at a reduced exercise price of
$0.54 per share for cash of
$4.0 M. (?WARRANTS AT
$0.54 when the stock is
$0.30?)
In consideration of purchasing the Existing Warrants, the investors will receive, in a private placement, new unregistered warrants to purchase up to an aggregate of 14,720,920 of common stock shares (“New Warrants”) The New Warrants will have an exercise price of
$0.54 per share & will be initially exercisable on the date that stockholder approval ... is obtained."
They did not get the quorum/votes to issue the shares for warrants that have already been sold.
The price is still below the exercise price by roughly 1/2. Also there was a price & volume surge at the time of this SEC PR. I am guessing the warrant holders are accumulating. If so they will vote in their warrants @ 0.54 Fine by me
