Blüm Holdings Inc. Registration of securities issued in business combination transactions

Registration of securities issued in business combination transactions

WARRANTS

WARRANTS

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

WARRANTS

WARRANTS

NOTE 14 - WARRANTS

The following table summarizes the Company's warrant activity for the six months ended June 30, 2023:

	Warrants			Weighted-Average Exercise Price

Warrants Outstanding as of January 1, 2023		80,881,817		$	0.11
Issued		70,357,155		$	0.03
Expired		(560,211	)	$	2.43
Warrants Outstanding as of June 30, 2023		150,678,761		$	0.06

NOTE 16 – WARRANTS

The following table summarizes warrant activity for the years ended December 31, 2022 and 2021:

	Warrants			Weighted- Average Exercise Price

Warrants Outstanding as of December 31, 2020		1,076,555		$	1.99
Issued		85,336,515		$	0.08
Exercised		(586,198	)	$	0.07
Warrants Outstanding as of December 31, 2021		85,826,872		$	0.22

Exercised		(4,945,055	)	$	0.01
Warrants Outstanding as of December 31, 2022		80,881,817		$	0.11

The weighted-average exercise price and weighted-average fair value of the warrants granted by the Company during the year ended December 31, 2021 were as follows:

	Weighted- Average Exercise Price		Weighted- Average Fair Value

Warrants Granted Whose Exercise Price Exceeded Fair Value at the Date of Grant	$	0.08	$	0.21
Warrants Granted Whose Exercise Price Was Equal or Lower Than Fair Value at the Date of Grant	$	—	$	—

The Company estimated the fair value of the warrants issued during the year ended December 31, 2021 utilizing the Black-Scholes option-pricing model with the following weighted-average inputs:

	Year Ended December 31, 2021
Expected Term		3.8
Volatility		112.6	%
Risk-Free Interest Rate		0.2	%
Dividend Yield		—	%