ClearPoint Neuro, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2020

The following is information regarding the number of shares issued to directors as payment for director fees in lieu of cash for the three months ended March 31, 2020 and 2019:

Three Months Ended March 31,
2020	2019
9,731		8,898

Schedule of stock options issued by the Company

	Shares			Weighted- average Exercise price per share		Intrinsic Value⁽¹⁾
Outstanding at January 1, 2020		1,639,167		$	9.87	$	2,892,027
Expired / forfeited		(5,555	)		3.95
Outstanding at March 31, 2020		1,633,612		$	9.90	$	1,270,744

⁽¹⁾	Intrinsic value is calculated as the estimated fair value of the Company’s stock at the end of the related period less the option exercise price of in-the-money options.

Schedule of common stock warrant activity

	Shares			Weighted- average Exercise price per share		Intrinsic Value⁽¹⁾
Outstanding at January 1, 2020		5,532,267		$	4.00	$	10,470,008
Exercised		(427,657	)		2.20		590,167
Outstanding at March 31, 2020		5,104,610		$	4.15	$	4,967,256

⁽¹⁾	Intrinsic value is calculated as the estimated fair value of the Company’s stock at the end of the related period less the option exercise price of in-the-money options.

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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