Qrons Inc. Files 2024 10-K, Details Stock and Warrants
| Field | Detail |
|---|---|
| Company | Qrons Inc. |
| Form Type | 10-K |
| Filed Date | Apr 16, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, stock, warrants
TL;DR
Qrons Inc. 2024 10-K filed. Stock details and warrant redemption terms outlined.
AI Summary
Qrons Inc. filed its 10-K for the fiscal year ending December 31, 2024. The company, formerly known as BIOLABMART INC., is incorporated in Wyoming and operates in the Biological Products sector. Its principal business address is in Long Island City, NY. The filing details its common stock, par value $0.0001, and includes information on warrants redeemable by the company under specific stock price conditions.
Why It Matters
This filing provides investors and the public with a comprehensive overview of Qrons Inc.'s financial health and operational status for the fiscal year 2024, including details on its stock structure and potential future redemptions.
Risk Assessment
Risk Level: medium — The company's stock has a low trading price, and warrants have specific redemption triggers, indicating potential volatility and dilution risks.
Key Numbers
- 0.0001 — Par Value (Par value per share of common stock.)
- 0.25 — Warrant Redemption Trigger (Stock price threshold for warrant redemption.)
Key Players & Entities
- Qrons Inc. (company) — Filer of the 10-K
- BIOLABMART INC. (company) — Former name of Qrons Inc.
- 2024-12-31 (date) — Fiscal year end
- $0.0001 (dollar_amount) — Par value of common stock and warrant redemption price
- $0.25 (dollar_amount) — Stock price trigger for warrant redemption
FAQ
What is the total number of shares authorized for Qrons Inc. as of December 31, 2024?
The filing indicates 100,000,000 shares of common stock authorized.
What is the specific condition under which Qrons Inc. can redeem its warrants?
The company can redeem warrants if the common stock price closes above $0.25 for 20 consecutive trading days, at a redemption price of $0.0001 per share.
When was Qrons Inc. formerly known as BIOLABMART INC.?
The name change occurred on November 2, 2016.
What is the business address of Qrons Inc.?
The business address is 28-10 Jackson Avenue, #26N, Long Island City, NY 11101.
What is the SIC code for Qrons Inc.?
The Standard Industrial Classification code is 2836, for Biological Products (No Diagnostic Substances).
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on April 16, 2025 regarding Qrons Inc..