Pulse Biosciences redeems 150% warrants; $16.50 VWAP trigger met over 20 days

PULSE BIOSCIENCES, INC.

VWAP exceeded $16.50 for 20 consecutive trading days; average VWAP of $18.85 during period.
Redemption date Feb 5, 2025; exercise price $11.00; unexercised warrants redeemed for $0.01.
If all warrants exercised, company receives additional $66M gross proceeds (total $60M from rights offering).
Second tranche (200% warrants) not being redeemed at this time.
Warrants issued in July 2024 rights offering; notice to be delivered Dec 27, 2024.

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