text
stringlengths 0
1.95M
|
|---|
of the warrant, the Company has the sole discretion to accelerate the termination date of the warrant upon providing 60 days advanced |
notice to the warrant holders. An Amendment No. 2 to the Prospectus Supplement |
(as described below) was filed on October 12, 2017. Under Amendment No. 2, the Company initiated another |
unit offering which terminated on December 6, 2017. This unit offering enabled participants to purchase Units of the Company’s securities |
where each Unit (priced at $ 250.00 each) was comprised of (i) a certain number of shares of Common Stock determined by dividing $ 250.00 (the price of one Unit) by the average of the high and low sale prices of the Company’s Common Stock as reported on the NASDAQ on |
the unit purchase date and (ii) Common Stock purchase warrants to purchase an additional 15 shares of Common Stock at a warrant exercise |
price of $ 1.00 per share. The warrant is referred to as “ZNWAG.” The warrants became exercisable on January 8, |
2018 and continue to be exercisable through January 8, 2024 at a revised per share exercise price of $ .25 . The warrant terms provide that |
if the Company’s Common Stock trades above $ 5.00 per share as the closing price for 15 consecutive trading days at any time prior |
to the expiration date of the warrant, the Company has the sole discretion to accelerate the termination date of the warrant upon providing |
60 days advanced notice to the warrant holders. 21 Zion Oil & Gas, Inc. Consolidated Condensed Notes to Financial Statements |
(Unaudited) Note 3 - Stockholders’ Equity (cont’d) On December 14, 2022, the Company extended the |
termination date of the ZNWAG warrant by one (1) year from the expiration date of January 8, 2023 to January 8, 2024. Zion considers this |
warrant as permanent equity per ASC 815-40-35-2. As such, there is no value assigned to this extension. On February 1, 2018, the Company launched another |
unit offering which terminated on February 28, 2018. The unit offering consisted of Units of our securities where each Unit (priced at |
$ 250.00 each) was comprised of (i) 50 shares of Common Stock and (ii) Common Stock purchase warrants to purchase an additional 50 shares |
of Common Stock. The investor’s Plan account was credited with the number of shares of the Company’s Common Stock acquired |
under the Units purchased. Each warrant affords the investor the opportunity to purchase one share of Company Common Stock at a warrant |
exercise price of $ 5.00 . The warrant is referred to as “ZNWAH.” The warrants became exercisable on April 2, 2018 |
and continued to be exercisable through April 2, 2020 at a per share exercise price of $ 5.00 , after the Company, on December 4, 2018, |
extended the termination date of the Warrant by one ( 1 ) year from the expiration date of April 2, 2019 to April 2, 2020. On May 29, 2019, the Company extended the termination |
date of the ZNWAH Warrant by one ( 1 ) year from the expiration date of April 2, 2020 to April 2, 2021. Zion considers this warrant as permanent |
equity per ASC 815-40-35-2. As such, there is no value assigned to this extension. On September 15, 2020, the Company extended the |
termination date of the ZNWAH Warrant by two ( 2 ) years from the expiration date of April 2, 2021 to April 2, 2023. Zion considers this |
warrant as permanent equity per ASC 815-40-35-2. As such, there is no value assigned to this extension. As of April 2, 2023, any outstanding ZNWAH warrants |
expired. On August 21, 2018, the Company initiated another |
unit offering, and it terminated on September 26, 2018. The offering consisted of Units of the Company’s securities where each Unit |
(priced at $ 250.00 each) was comprised of (i) a certain number of shares of Common Stock determined by dividing $ 250.00 (the price of |
one Unit) by the average of the high and low sale prices of the Company’s publicly traded common stock as reported on the NASDAQ |
on the Unit Purchase Date and (ii) Common Stock purchase warrants to purchase an additional twenty-five (25) shares of Common Stock. The |
investor’s Plan account was credited with the number of shares of the Company’s Common Stock acquired under the Units purchased. |
Each warrant affords the investor the opportunity to purchase one share of Company Common Stock at a warrant exercise price of $ 1.00 . |
The warrant is referred to as “ZNWAJ.” The warrants became exercisable on October 29, |
2018 and continued to be exercisable through October 29, 2020 at a per share exercise price of $ 1 .00, after the Company, on December 4, |
2018, extended the termination date of the Warrant by one (1) year from the expiration date of October 29, 2019 to October 29, 2020. On May 29, 2019, the Company extended the termination |
date of the ZNWAJ Warrant by one ( 1 ) year from the expiration date of October 29, 2020 to October 29, 2021. Zion considers this warrant |
as permanent equity per ASC 815-40-35-2. As such, there is no value assigned to this extension. On September 15, 2020, the Company extended the |
termination date of the ZNWAJ Warrant by two ( 2 ) years from the expiration date of October 29, 2021 to October 29, 2023. Zion considers |
this warrant as permanent equity per ASC 815-40-35-2. As such, there is no value assigned to this extension. On December 10, 2018, the Company initiated another |
unit offering, and it terminated on January 23, 2019. The offering consisted of Units of the Company’s securities where each Unit |
(priced at $ 250.00 each) was comprised of (i) two hundred and fifty (250) shares of Common Stock and (ii) Common Stock purchase warrants |
to purchase an additional two hundred and fifty (250) shares of Common Stock at a per share exercise price of $ 0.01 . The investor’s |
Plan account was credited with the number of shares of the Company’s Common Stock and Warrants that are acquired under the Units |
purchased. Each warrant affords the participant the opportunity to purchase one share of our Common Stock at a warrant exercise price |
of $ 0.01 . The warrant is referred to as “ZNWAK.” 22 Zion Oil & Gas, Inc. Consolidated Condensed Notes to Financial Statements |
(Unaudited) Note 3 - Stockholders’ Equity (cont’d) The warrants became exercisable on February 25, |
2019 and continued to be exercisable through February 25, 2020 at a per share exercise price of $ 0.01 . On May 29, 2019, the Company extended the termination |
date of the ZNWAK Warrant by one (1) year from the expiration date of February 25, 2020 to February 25, 2021. Zion considers this warrant |
as permanent equity per ASC 815-40-35-2. As such, there is no value assigned to this extension. On September 15, 2020, the Company extended the |
termination date of the ZNWAK Warrant by two (2) years from the expiration date of February 25, 2021 to February 25, 2023. Zion considers |
this warrant as permanent equity per ASC 815-40-35-2. As such, there is no value assigned to this extension. As of February 25, 2023, any outstanding ZNWAK |
warrants expired. On April 24, 2019, the Company initiated another |
unit offering and it terminated on June 26, 2019, after the Company, on June 5, 2019, extended the termination date of the unit offering. The unit offering consisted of Units of the Company’s |
securities where each Unit (priced at $250.00 each) was comprised of (i) two hundred and fifty (250) shares of Common Stock and (ii) Common |
Stock purchase warrants to purchase an additional fifty (50) shares of Common Stock at a per share exercise price of $2.00. The investor’s |
Plan account was credited with the number of shares of the Company’s Common Stock and Warrants acquired under the Units purchased. |
For Plan participants who enrolled into the Unit Program with the purchase of at least one Unit and also enrolled in the separate Automatic |
Monthly Investments (“AMI”) program at a minimum of $50.00 per month or more, received an additional twenty-five (25) warrants |
at an exercise price of $2.00 during this Unit Option Program. The twenty-five (25) additional warrants were for enrolling into the AMI |
program. Existing subscribers to the AMI were entitled to the additional twenty-five (25) warrants once, if they purchased at least one |
(1) unit during the Unit program. Each warrant affords the participant the opportunity to purchase one share of our Common Stock at a |
warrant exercise price of $ 2.00 . The warrant is referred to as “ZNWAL.” The warrants became exercisable on August 26, |
2019 and continued to be exercisable through August 26, 2021 at a per share exercise price of $ 2.00 . On September 15, 2020, the Company extended the |
termination date of the ZNWAL Warrant by two (2) years from the expiration date of August 26, 2021 to August 26, 2023. Zion considers |
this warrant as permanent equity per ASC 815-40-35-2. As such, there is no value assigned to this extension. Under our Plan, the Company under a Request For |
Waiver Program executed Waiver Term Sheets of a unit option program consisting of a Unit (shares of stock and warrants) of its securities |
and subsequently an option program consisting of shares of stock to a participant. The participant’s Plan account was credited with |
the number of shares of the Company’s Common Stock and warrants that were acquired. Each warrant affords the participant the opportunity |
to purchase one share of our Common Stock at a warrant exercise price of $ 1.00 . The warrant shall have the company notation of “ZNWAM.” |
The warrants will not be registered for trading on the OTCQX or any other stock market or trading market. The warrants became exercisable |
on January 15, 2021 and continue to be exercisable through July 15, 2023 at a revised per share exercise price of $ .05 . On March 21, 2022, the Company extended the termination |
date of the ZNWAM warrant by one ( 1 ) year from the expiration date of July 15, 2022 to July 15, 2023 and revised the exercise price to |
$ 0.05 . Zion considers this warrant as permanent equity per ASC 815-40-35-2. As such, there is no value assigned to this extension. On June 16, 2023, the Company extended the termination |
date of the ZNWAM warrant from July 15, 2023 to September 6, 2023. Zion considers this warrant as permanent equity per ASC 815-40-35-2. |
As such, there is no value assigned to this extension. On February 1, 2021, the Company initiated a unit |
offering and it terminated on March 17, 2021. 23 Zion |
Oil & Gas, Inc. Consolidated |
Condensed Notes to Financial Statements (Unaudited) Note |
3 - Stockholders’ Equity (cont’d) The |
unit offering consisted of Units of the Company’s securities where each Unit (priced at $ 250.00 each) was comprised of (i) the |
number of Common Stock shares represented by the high-low average on the purchase date and (ii) Common Stock purchase warrants to purchase |
an additional twenty-five (25) shares of Common Stock at a per share exercise price of $ 1.00 . The investor’s Plan account was credited |
with the number of shares of the Company’s Common Stock and Warrants acquired under the Units purchased. For Plan participants |
who enrolled into the Unit Program with the purchase of at least one Unit or who enrolled in the separate Automatic Monthly Investments |
(“AMI”) program at a minimum of $ 50.00 per month or more, received an additional ten (10) warrants at an exercise price of |
$ 1.00 during this Unit Option Program. The ten (10) additional warrants were for enrolling into the AMI program. Existing subscribers |
to the AMI were also entitled to the additional ten (10) warrants once, provided that they purchased at least one (1) unit during the |
Unit program. Each warrant affords the participant the opportunity to purchase one share of our Common Stock at a warrant exercise price |
of $ 1.00 . The warrant is referred to as “ZNWAN.” The |
warrants became exercisable on May 16, 2021 and continued to be exercisable through May 16, 2023 at a per share exercise price of $ 1.00 . As |
of May 16, 2023, any outstanding ZNWAN warrants expired. On |
April 12, 2021, the Company initiated a unit offering and it terminated on May 12, 2021. The |
unit offering consisted of Units of the Company’s securities where each Unit (priced at $ 250.00 each) was comprised of (i) the |
number of Common Stock shares represented by the high-low average on the purchase date and (ii) Common Stock purchase warrants to purchase |
an additional fifty (50) shares of Common Stock at a per share exercise price of $ .25 . The investor’s Plan account was credited |
with the number of shares of the Company’s Common Stock and Warrants acquired under the Units purchased. For Plan participants |
who enrolled into the unit offering with the purchase of at least one Unit or who enrolled in the separate Automatic Monthly Investments |
(“AMI”) program at a minimum of $ 50.00 per month or more, received an additional fifty (50) warrants at an exercise price |
of $.25 during this Unit Option Program. The fifty (50) additional warrants were for enrolling into the AMI program. Existing subscribers |
to the AMI were also entitled to the additional fifty (50) warrants once, provided that they purchased at least one (1) unit during the |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.