ProMIS Neurosciences, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details
Uncategorized
- Pay vs Performance Disclosure
- Insider Trading Arrangements

SHARE-BASED COMPENSATION (Tables)

v3.24.1

SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2023

SHARE-BASED COMPENSATION

Summary of the activity of share options


				Weighted
		Weighted		Average
		Average		Remaining
	Number of	Exercise		Contractual	Aggregate
	Share	Price Per		Term	Intrinsic
	Options	Share		(years)	Value
Outstanding as of January 1, 2022	738,037	$	8.40	5.1	$	2,231,293
Granted	360,000		7.54
Forfeited	(55,012)		15.98
Outstanding as of December 31, 2022	1,043,025	$	5.60	6.1	$	1,183,860
Granted	—		—
Forfeited	(143,230)		7.10
Expired	(1,533)		15.76
Outstanding as of December 31, 2023	898,262		7.58	6.5		—
Vested and exercisable as of December 31, 2023	792,965	$	7.46	6.5	$	—

Summary of fair value of share options granted estimated using Black Scholes with the assumptions


	Period Ended
	December 31,			July 1,
	2023			2023
Weighted average fair value of C$ Options	C$	1.30		C$	2.54
Expected volatility		116.3	%		83.3	%
Risk-free interest rate		4.04	%		4.30	%
Expected dividend yield		—	%		—	%
Expected term (years)		6.5			6.8


	Year Ended
	December 31,
	2023
Weighted average fair value of US$ Options	$	1.53
Expected volatility		101.9	%
Risk-free interest rate		4.77	%
Expected dividend yield		—	%
Expected term (years)		6.1

Summary of total share-based compensation



	Year Ended December 31,
	2023		2022
Research and development	$	80,825	$	297,933
General and administrative		190,717		189,697
Total share-based compensation	$	271,542	$	487,630

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