On April 26, 2024, Collective Audience, Inc., a Delaware-incorporated company listed on the Nasdaq Stock Market under the symbol CAUD, entered into a Material Definitive Agreement with certain accredited investors. This agreement, known as the Exercise Price Reset Agreement, was established to reset the exercise price of previously issued common stock purchase warrants. The February Warrants' exercise price was reduced from $5.00 to $0.185 per share, and the December Warrants' exercise price was adjusted from $2.13 to $0.185 per share. In exchange for this reset, the investors have committed to exercising their warrants for all outstanding shares within 45 days of the Execution Date. Additionally, a standstill provision restricts the investors from selling the shares acquired through the exercise of the warrants for five trading days post-Execution Date. This Reset Agreement follows the company's previous private placement offerings in December 2023 and February 2024, as reported in their respective 8-K filings with the SEC. The details of the Reset Agreement and the warrants are fully described in the exhibits filed with the report.

On April 26, 2024, Collective Audience, Inc., a Delaware-incorporated company listed on the Nasdaq Stock Market under the symbol CAUD, entered into a Material Definitive Agreement with certain accredited investors. This agreement, known as the Exercise Price Reset Agreement, was established to reset the exercise price of previously issued common stock purchase warrants. The February Warrants' exercise price was reduced from $5.00 to $0.185 per share, and the December Warrants' exercise price was adjusted from $2.13 to $0.185 per share. In exchange for this reset, the investors have committed to exercising their warrants for all outstanding shares within 45 days of the Execution Date. Additionally, a standstill provision restricts the investors from selling the shares acquired through the exercise of the warrants for five trading days post-Execution Date. This Reset Agreement follows the company's previous private placement offerings in December 2023 and February 2024, as reported in their respective 8-K filings with the SEC. The details of the Reset Agreement and the warrants are fully described in the exhibits filed with the report.