Company: SYRA
Filing Date: 2025-09-09
Form Type: PRE 14A
Source: 0001641172-25-026901
Chunk: 30

Company: Syra Health Corp
Filing Date: 2025-09-09
Form: PRE 14A
Chunk 30
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IRETY WHICH ALLOWS FOR THE AUTOMATIC CONVERSION OF CLASS B COMMON STOCK UPON DEATH OF A CLASS B STOCKHOLDER</div>

Our Board has approved, and is recommending that our stockholders approve, a proposed amendment to our Amended and Restated Certificate of Incorporation to delete Article IV, Section 4.2.8(D) in its entirety which allows for the automatic conversion of Class B Common Stock upon death of a Class B stockholder.

Reasons for the Amendment

The Board is recommending the deletion of Article IV, Section 4.2.8(D) to provide stockholders with greater flexibility and control over their holdings of Class B Common Stock. The automatic conversion provision currently in effect mandates the conversion of Class B Common Stock to Class A Common Stock solely upon the death of a Class B stockholder, regardless of the preferences of heirs or estate planning objectives. By removing this section, the Board seeks to:

| ● | Align                                                                                          
 the Company’s Amended and Restated Certificate of Incorporation with current market            
 practices and stockholder expectations.                                                        |
| ● | Allow                                                                                          
 the estate or legal heirs of a deceased Class B stockholder to retain or transfer Class B      
 Common Stock without forced conversion, subject to other applicable transfer restrictions.     |
| ● | Eliminate                                                                                      
 administrative complexity and operational challenges associated with tracking and implementing 
 automatic conversions upon the death of a stockholder.                                         |
| ● | Reinforce                                                                                      
 stockholder autonomy in succession planning and the disposition of equity interests.           |

Effects of the Amendment

If the proposed amendment is approved and becomes effective, Article IV, Section 4.2.8(D) will be deleted from the Amended and Restated Certificate of Incorporation. As a result, there will no longer be an automatic conversion of Class B Common Stock to Class A Common Stock upon the death of a Class B stockholder. The holders, heirs, or estates of deceased Class B stockholders will retain Class B Common Stock, subject to any other transfer restrictions or procedures established by the Company. Conversion of Class B Common Stock will only occur under the circumstances specifically provided for elsewhere in the Company’s charter or as determined by other relevant Company policies, and not as an automatic result of stockholder death. This amendment may result in the continued existence of Class B Common Stock following the death of an original holder, which could affect voting dynamics and long-term stockholder composition.

Effective Date

If our stockholders approve the amendment, it would become effective at such time as