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SHAREHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2025

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY

NOTE 13 – SHAREHOLDERS’ EQUITY

In January and February 2025, certain investors in the December 2024 Offering exercised (i) the remaining outstanding 320,362 December 2024 Pre-Funded Warrants, (ii) 9,143 Series F Warrants and 3,000 Series G Warrants, resulting in net proceeds to the Company of approximately $173,000.

Warrants

The following table summarizes warrant activities during the six months ended June 30, 2025:

​

​	​	​	​	​	​
​		​		Weighted
​	​	ADSs	​	Average
​	​	Underlying	​	Exercise Price
​	​	Warrants	​	Per ADS
Outstanding and exercisable at December 31, 2024	​	1,440,664		$	16.80
Exercised Pre-Funded and Common Warrants		(332,505)	​	​	0.58
Outstanding and exercisable at June 30, 2025	​	1,108,159	​	$	21.92

​

As of June 30, 2025, outstanding Warrants expire in 2026, 2027 and 2029, and the outstanding Warrants have an approximate intrinsic value of $0.

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