BioDrain Capitalization Table Post Merger, Post Financing* | | | BioDrain Capitalization Table Post Merger, Post Financing* | |
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$1.5 Million Pre-Money, $800k PIPE Raise | | | $1.5 Million Pre-Money, $1.2MM PIPE Raise | |
$150K Bridge Loan at $750k Pre-Money | | | $150K Bridge Loan at $750k Pre-Money | |
Adjusted for 1.25 reverse split | | | Adjusted for 1.25 reverse split | |
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| | Fully Diluted Outstanding | | | | | Fully Diluted Outstanding | |
| | Shares at Closing | | | | | Shares at Closing | |
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| | Number | | | Percent | | | | | Number | | | Percent | |
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BioDrain Original Shareholders | | | 1,920,000 | | | | 18.52 | % | | BioDrain Original Shareholders | | | 1,920,000 | | | | 14.88 | % |
Bridge Loan | | | 620,096 | | | | 5.98 | % | | Bridge Loan | | | 620,096 | | | | 4.81 | % |
Bridge Loan Warrants | | | 620,096 | | | | 5.98 | % | | Bridge Loan Warrants | | | 620,096 | | | | 4.81 | % |
Option Pool | | | 1,180,480 | | | | 11.39 | % | | Option Pool | | | 1,180,480 | | | | 9.15 | % |
Private Placement Investors | | | 2,285,715 | | | | 22.05 | % | | Private Placement Investors | | | 3,428,571 | | | | 26.57 | % |
Private Placement Warrants** | | | 2,285,715 | | | | 22.05 | % | | Private Placement Warrants** | | | 3,428,571 | | | | 26.57 | % |
Deal Principals | | | 1,454,573 | | | | 14.03 | % | | Deal Principals | | | 1,705,444 | | | | 13.22 | % |
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Fully diluted shares, post merger, post financing* | | | 10,366,675 | | | | 100.00 | % | | Fully diluted shares, post merger, post financing* | | | 12,903,259 | | | | 100.00 | % |
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*all share counts and percentages subject to change if PIPE raise varies from $800k, | | *all share counts and percentages subject to change if PIPE raise varies from $1.2million, | |
Equity Incentive plan is adjusted or if Bridge amount changes from $.150M | | Equity Incentive plan is adjusted or if Bridge amount changes from $.150M | |
Warrants on bridge loan strike price equal to $0.35 cents | | | | | | | Warrants on bridge loan strike price equal to $0.35 cents | | | | | |
Deal principal shares equal to 18% of fully diluted shares outstanding at closing less | | Deal principal shares equal to 18% of fully diluted shares outstanding at closing less | |
private placement warrants | | | | | | | | | | private placement warrants | | | | | | | | |
** Warrants issued are equivalent to 100% of Pipe raise at $0.46 strike price | | ** Warrants issued are equivalent to 100% of Pipe raise at $0.46 strike price | |
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Pre-Money | | $ | 1,500,000 | | | | | | | Pre-Money | | $ | 1,500,000 | | | | | |
Pre-Money Per share | | | 0.35 | | | | 0.345569 | | | Pre-Money Per share | | | 0.35 | | | | 0.345569 | |
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Bridge Loan Conversion Price | | | 0.24 | | | | | | | Bridge Loan Conversion Price | | | 0.24 | | | | | |
Share Conversion - $150K | | | 620,096 | | | | | | | Share Conversion - $150K | | | 620,096 | | | | | |
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Pipe Raise | | $ | 800,000 | | | | | | | Pipe Raise | | $ | 1,200,000 | | | | | |
Shares Issued | | | 2,285,715 | | | | 2,285,714.3 | | | Shares Issued | | | 3,428,571 | | | | 3,428,571.4 | |
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Deal Principal Shares | | | 1,454,573 | | | | | | | Deal Principal Shares | | | 1,705,444 | | | | | |
Deal Principal Share % Excluding PIPE Warrants | | | 18.00 | % | | | | | | Deal Principal Share % Excluding PIPE Warrants | | | 18.00 | % | | | | |
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Reverse Split | | | 1.25 | | | | | | | Reverse Split | | | 1.25 | | | | | |