Company: TELO
Filing Date: 2025-02-04
Form Type: 10-K
Source: 0001493152-25-004872
Chunk: 451

Company: Telomir Pharmaceuticals, Inc.
Filing Date: 2025-02-04
Form: 10-K
Item: Item 1A
Chunk 451
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 from effecting transactions in the securities and further limit the liquidity of the securities. These factors could result in lower
prices and larger spreads in the bid and ask prices for the securities. Such delisting from Nasdaq and continued or further declines
in the share price of the securities could also greatly impair our ability to raise additional necessary capital through equity or debt
financing and could significantly increase the ownership dilution to shareholders caused by our issuing equity in financing or other
transactions.

42

If
our shares were to be delisted from Nasdaq, they may become subject to the SEC’s “penny stock” rules.

Delisting
from Nasdaq may cause the securities of the Company to become subject to the SEC’s “penny stock” rules. The SEC generally
defines a penny stock as an equity security that has a market price of less than $5.00 per share or an exercise price of less than $5.00
per share, and that is not listed on a national securities exchange, such as Nasdaq subject to certain exemptions. Therefore, if shares
of our common stock were to be delisted from Nasdaq, the securities of the Company could become subject to the SEC’s “penny
stock” rules. These rules require, among other things, that any broker engaging in a purchase or sale of our securities provide
its customers with: (i) a risk disclosure document, (ii) disclosure of market quotations, if any, (iii) disclosure of the compensation
of the broker and its salespersons in the transaction, and (iv) monthly account statements showing the market values of our securities
held in the customer’s accounts. A broker would be required to provide the bid and offer quotations and compensation information
before effecting the transaction. This information must be contained in the customer’s confirmation. Generally, brokers are less
willing to affect transactions in penny stocks due to these additional delivery requirements. These requirements may make it more difficult
for shareholders to purchase or sell the shares of our common stock. Since the broker, not us, prepares this information, we would not
be able to assure that such information is accurate, complete or current.

Some
provisions of Florida law and our amended and restated articles of incorporation and amended and restated bylaws may have anti-takeover
effects that could discourage an acquisition of us by others, even if an acquisition would be beneficial to our shareholders and may
prevent attempts by our shareholders to replace or remove our current management.

Our
status