Azitra modifies equity line with Alumni Capital; new pricing at 90% or 97% discount

Azitra, Inc.

Modification Agreement dated Aug 26, 2025 amends $20M purchase agreement from April 24, 2025.
Company can now elect Option 1 (90% of lowest daily VWAP over up to 5 business days) or Option 2 (97% of lowest same-day price).
Per-purchase limits unchanged: up to $750,000 (or $4M by mutual agreement); total commitment remains $20M.

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