Comstock Inc
For the period ended Feb 14, 2025. Filed Jan 23, 2025.
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Feb 14, 2025 · Filed Jan 23, 2025
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Contents
After Each Reverse Split Ratio
| Current | 1:5 | 1:10 | 1:20 | |
|---|---|---|---|---|
| Common Stock Authorized (1) | 245,000,000 | 245,000,000 | 245,000,000 | 245,000,000 |
| Common Stock Issued & Outstanding | 235,075,772 | 47,015,154 | 23,507,577 | 11,753,789 |
| Number of Shares of Common Stock Reserved for Issuance (2) | 3,417,125 | 683,425 | 341,713 | 170,856 |
| Number of Shares of Common Stock Authorized but Unissued and Unreserved | 6,507,103 | 197,301,421 | 221,150,710 | 233,075,355 |
| Price per Share, based on the closing price of our Common Stock on January 22, 2025 | $0.38 | $1.90 | $3.80 | $7.60 |
| 1. | The Reverse Split will not have any impact in the number of shares of common stock we are authorized to issue under our Charter. |
| 2. | Includes (1) 2,200,000 shares of Common Stock reserved for issuance for stock warrants including 1,200,000 shares of the Company's common stock to GHF, Inc. at an exercise price of $0.4555 per share, and 1,000,000 shares of the Company's common stock to Alvin Fund LLC at an exercise price of $0.4555 per share, and (2) 1,217,125 shares of the Company's common stock reserved for issuance to Alvin Fund LLC for future interest payments. The equity plan awards and warrant shares issuable (and therefore the reserved shares) will be proportionately decreased. |
Our common stock is currently registered under Section 12(b) of the Exchange Act, and we are subject to the periodic reporting and other requirements of the Exchange Act. The proposed Reverse Split will not affect the registration of our common stock under the Exchange Act. Our common stock would continue to be reported on the NYSE American under the symbol “LODE,” although we expect that NYSE American will add the letter “D” to the end of the trading symbol for a period of twenty trading days after the effective date of the Reverse Split to indicate that the Reverse Split had occurred.
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