Adial enters new ATM facility for up to $4.98M; terminates prior HCW Wainwright ATM

ADIAL PHARMACEUTICALS, INC.

New ATM sales agreement with A.G.P./Alliance Global Partners for up to $4,983,000 of common stock.
Sales agent commission of 3.0% of gross proceeds; expense reimbursement up to $50k initial plus quarterly fees.
Prior ATM with H.C. Wainwright terminated July 31, 2025; had raised ~$4M net from 2.35M shares.
Company not obligated to sell shares; sales may be suspended at any time.

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