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Subsequent Events
12 Months Ended
Dec. 31, 2024
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

18. SUBSEQUENT EVENTS 

 

On January 5, 2025, the Company and Lind entered into a third letter agreement (the “December Letter Agreement”), pursuant to which Lind agreed to exercise for cash, 1,029,167 of the Existing Warrants to purchase shares of Common Stock, with a current exercise price of $0.75 per share, at a reduced exercise price of $0.40 per share.

 

During the first quarter of 2025, Lind has converted the remaining $400,000 principal balance on 2nd Lind Note into 400,000 shares of the Company’s common stocks, and converted $400,000 of 3rd Lind Note principal balance into 400,000 the Company’s common stock, leaving 3rd Lind Note with outstanding principal of $600,000.

 

In April 2025, the Company conducted a private offering of its common stock to several individual investors, issuing 502,081 unregistered shares at $0.60 per share, raising a total of $301,250.

 

In April 2025, AiBtl issued 1,800 shares of its common stock at $5 per share, raising a total of $9,000 from an individual investor.