0001997296 2025-01-01 2025-12-31 0001997296 us-gaap:CommonStockMember 2025-01-01 2025-12-31 0001997296 2025-06-30 0001997296 2026-04-15 0001997296 us-gaap:WarrantMember 2025-01-01 2025-12-31 iso4217:USD 0001997296 true FY 10-K/A true 2025-12-31 --12-31 2025 false 001-42408 MEDICUS PHARMA LTD. A6 98-1778211 300 Conshohocken State Rd. W. Conshohocken PA 19428 610 636-0184 Common shares, no par value MDCX NASDAQ Warrants, each exercisable for one common share at an exercise price of $4.64 per share MDCXW NASDAQ No No Yes Yes Non-accelerated Filer true true false false false false 28300000 41818092 Medicus Pharma Ltd. (the "Company") is filing this Amendment No. 1 ("Amendment No. 1") to its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 as filed with the Securities Exchange Commission (the "SEC") on March 25, 2026 (the "Original Form 10-K"), to provide the information required by Part III of Form 10-K. This information was previously omitted from the Original Form 10-K in reliance on the General Instructions to Form 10-K, which permits the information in Part III to be incorporated in Form 10-K by reference from the registrant's definitive proxy statement or included in an amendment to Form 10-K, in either case filed with the SEC no later than 120 days after the end of the fiscal year. Pursuant to Rule 12b-15 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this Amendment No. 1 also contains new certifications pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act of 2002, which are being filed and furnished, respectively, as exhibits to this Amendment No. 1 under Item 15 of Part IV. Because this Amendment No. 1 does not contain or amend any disclosure with respect to Items 307 and 308 of Regulation S-K under the Exchange Act, paragraphs 4 and 5 of the Section 302 certifications have been omitted. As a result, Item 15 of Part IV has been amended to reflect the filing and furnishing of these new certifications. Except as otherwise expressly noted herein, this Amendment No. 1 does not modify or update in any way the financial position, results of operations, cash flows, or other information contained or incorporated in, including the exhibits thereto, the Original Form 10-K, nor does it reflect events occurring after the filing of the Original Form 10-K. Accordingly, this Amendment No. 1 should be read in conjunction with the Original Form 10-K and with our other filings made with the SEC subsequent to the filing of the Original Form 10-K. In this Amendment No. 1, we provide our website address, www.medicuspharma.com, to disclose that certain information is available on our website. Information contained on, or that can be accessed through, our website is not incorporated by reference into this Amendment No. 1, and references to our website address in this Amendment No. 1 are inactive textual references only. true <div style="font-size: 10pt; font-family: Times New Roman;"> <div> Outstanding Equity Awards at Fiscal Year-End The following table sets forth certain information concerning equity awards granted to our named executive officers that remained outstanding as of December 31, 2025. <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt;"> <tr> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: bottom; background-color: #f2f2f2; border: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td colspan="4" style="width: 35%; padding-right: 5pt; padding-left: 5pt; background-color: #f2f2f2; border: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Option awards</td> <td colspan="4" style="width: 31%; padding-right: 5pt; padding-left: 5pt; background-color: #f2f2f2; border: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Stock awards</td> </tr> <tr> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: bottom; background-color: #f2f2f2; border: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Name</td> <td style="width: 8%; padding-right: 5pt; padding-left: 5pt; vertical-align: bottom; background-color: #f2f2f2; border: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Number of Securities Underlying Unexercised Options Exercisable (#)(1)</td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: bottom; background-color: #f2f2f2; border: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Number of Securities Underlying Unexercised Options Unexercisable (#)</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: bottom; background-color: #f2f2f2; border: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Option Exercise Price ($)</td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: bottom; background-color: #f2f2f2; border: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Option Expiration Date</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: bottom; background-color: #f2f2f2; border: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Number of shares or units of stock that have not vested (#)</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: bottom; background-color: #f2f2f2; border: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Market value of shares of units of stock that have not vested ($)</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: bottom; background-color: #f2f2f2; border: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Equity incentive plan awards: Number of unearned shares, units or other rights that have not vested (#)</td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: bottom; background-color: #f2f2f2; border: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Equity incentive plan awards: Market or payout value of unearned shares, units or other rights that have not vested ($)</td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; width: 7%; border-left: 0.75pt solid #000000; border-right: 0.75pt solid #000000; padding-left: 5pt; padding-right: 5pt; vertical-align: top;">Dr. Raza Bokhari</td> <td style="width: 8%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">250,000</td> <td style="width: 10%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">0.87</td> <td style="width: 10%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">10/24/2028</td> <td style="width: 7%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 10%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">-</td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; width: 7%; border-left: 0.75pt solid #000000; border-right: 0.75pt solid #000000; padding-left: 5pt; padding-right: 5pt; vertical-align: top;"> </td> <td style="width: 8%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">50,000 </td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;"> </td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">2.75</td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">12/17/2029</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; width: 7%; border-left: 0.75pt solid #000000; border-right: 0.75pt solid #000000; padding-left: 5pt; padding-right: 5pt; vertical-align: top;"> </td> <td style="width: 8%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">- </td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">250,000</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">3.08</td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">07/22/2030</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; width: 7%; border-left: 0.75pt solid #000000; border-right: 0.75pt solid #000000; padding-left: 5pt; padding-right: 5pt; vertical-align: top;"> </td> <td style="width: 8%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;"> </td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">125,000</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">1.80</td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">12/16/2030</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; width: 7%; border-left: 0.75pt solid #000000; border-right: 0.75pt solid #000000; padding-left: 5pt; padding-right: 5pt; vertical-align: top;">Carolyn Bonner</td> <td style="width: 8%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">62,500</td> <td style="width: 10%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">0.87</td> <td style="width: 10%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">10/24/2028</td> <td style="width: 7%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 10%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">-</td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; width: 7%; border-left: 0.75pt solid #000000; border-right: 0.75pt solid #000000; padding-left: 5pt; padding-right: 5pt; vertical-align: top;"> </td> <td style="width: 8%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">10,000 </td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">2.75</td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">12/17/2029</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; width: 7%; border-left: 0.75pt solid #000000; border-right: 0.75pt solid #000000; padding-left: 5pt; padding-right: 5pt; vertical-align: top;"> </td> <td style="width: 8%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">- </td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">50,000</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">3.08</td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">12/17/2029</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; width: 7%; border-left: 0.75pt solid #000000; border-right: 0.75pt solid #000000; padding-left: 5pt; padding-right: 5pt; vertical-align: top;"> </td> <td style="width: 8%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;"> 75,000 </td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;"> 1.80</td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;"> 12/16/2030</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; width: 7%; border-left: 0.75pt solid #000000; border-right: 0.75pt solid #000000; padding-left: 5pt; padding-right: 5pt; vertical-align: top;">Dr. Faisal Mehmud</td> <td style="width: 8%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">100,000</td> <td style="width: 10%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">- </td> <td style="width: 7%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">2.26</td> <td style="width: 10%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">11/14/2029</td> <td style="width: 7%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 10%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">-</td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; width: 7%; border-left: 0.75pt solid #000000; border-right: 0.75pt solid #000000; padding-left: 5pt; padding-right: 5pt; vertical-align: top;"> </td> <td style="width: 8%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">- </td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">50,000 </td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">3.08</td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">7/22/2030</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; width: 7%; border-left: 0.75pt solid #000000; border-right: 0.75pt solid #000000; padding-left: 5pt; padding-right: 5pt; vertical-align: top;"> </td> <td style="width: 8%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">- </td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">75,000</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">1.80</td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">12/16/2030</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;"> </td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;"> </td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;"> </td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; width: 7%; border-left: 0.75pt solid #000000; border-right: 0.75pt solid #000000; padding-left: 5pt; padding-right: 5pt; vertical-align: top;">Dr. Edward Brennan</td> <td style="width: 8%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">75,000</td> <td style="width: 10%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">0.87</td> <td style="width: 10%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">10/24/2028</td> <td style="width: 7%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 10%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5pt; border-right: 0.75pt solid #000000; padding-left: 5pt; border-top: 0.75pt solid #000000; text-align: center;">-</td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; width: 7%; border-left: 0.75pt solid #000000; border-right: 0.75pt solid #000000; padding-left: 5pt; padding-right: 5pt; vertical-align: top;"> </td> <td style="width: 8%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">20,000 </td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">- </td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">2.75</td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">12/17/2029</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; width: 7%; border-left: 0.75pt solid #000000; border-right: 0.75pt solid #000000; padding-left: 5pt; padding-right: 5pt; vertical-align: top;"> </td> <td style="margin-bottom: 0pt; width: 8%; text-align: center; padding-left: 5pt; padding-right: 5pt; vertical-align: top;">- </td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">50,000</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">3.08</td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">7/22/2030</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 7%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> <td style="width: 10%; padding-right: 5pt; padding-left: 5pt; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">-</td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; width: 7%; border-left: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-left: 5pt; padding-right: 5pt; vertical-align: top;"> </td> <td style="border-left: 0.75pt solid #000000; width: 8%; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5pt; padding-left: 5pt; text-align: center;">- </td> <td style="border-left: 0.75pt solid #000000; width: 10%; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5pt; padding-left: 5pt; text-align: center;">50,000</td> <td style="border-left: 0.75pt solid #000000; width: 7%; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5pt; padding-left: 5pt; text-align: center;">1.80</td> <td style="border-left: 0.75pt solid #000000; width: 10%; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5pt; padding-left: 5pt; text-align: center;">12/16/2030</td> <td style="border-left: 0.75pt solid #000000; width: 7%; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5pt; padding-left: 5pt; text-align: center;">-</td> <td style="border-left: 0.75pt solid #000000; width: 7%; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5pt; padding-left: 5pt; text-align: center;">-</td> <td style="border-left: 0.75pt solid #000000; width: 7%; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5pt; padding-left: 5pt; text-align: center;">-</td> <td style="border-left: 0.75pt solid #000000; width: 10%; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5pt; padding-left: 5pt; text-align: center;">-</td> </tr> </table> <div> </div> Notes: (1) All options have vested and are currently exercisable as of the date of this Amendment No. 1. </div> </div> <div style="font-size: 10pt; font-family: Times New Roman;"> <div> Pension Plan Benefits The Company does not have a pension plan in place and therefore no pension plan benefit awards were made to a director or named executive officer during the financial year ended December 31, 2025 </div> </div>