Company: PETVW
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001641172-25-018617
Chunk: 144

Company: PetVivo Holdings, Inc.
Filing Date: 2025-07-10
Form: 10-K
Item: Item 1A
Chunk 144
---
 significant documentation, testing, and possible remediation to meet the detailed standards. We expect to incur
significant expenses and to devote resources to Section 404 compliance on an ongoing basis. It is difficult for us to predict how long
it will take or costly it will be to complete the assessment of the effectiveness of our internal controls over financial reporting for
each year and to remediate any deficiencies in our internal control over financial reporting. As a result, we may not be able to complete
the assessment and remediation process on a timely basis. In the event that our Chief Executive Officer or Chief Financial Officer determines
that our internal controls over financial reporting are not effective as defined under Section 404, we cannot predict how regulators
will react or how the market prices of our securities will be affected; however, we believe that there is a risk that investor confidence
and the market value of our securities may be negatively affected.

We
do not anticipate paying any dividends on our common stock for the foreseeable future.

We
have not paid any dividends on our common stock to date, and we do not anticipate paying any such dividends in the foreseeable future.
We anticipate that any earnings experienced by us will be retained to finance the implementation of our operational business plan and
expected future growth.

The
elimination of monetary liability against our directors and executive officers under Nevada law and the existence of indemnification
rights held by them granted by our bylaws could result in substantial expenditures by us.

Our
Articles of Incorporation eliminate the personal liability of our directors and officers to the Company and its stockholders for damages
for breach of fiduciary duty to the maximum extent permissible under Nevada law. In addition, our Bylaws provide that we are obligated
to indemnify our directors or officers to the fullest extent authorized by Nevada law for costs or damages incurred by them involving
legal proceedings brought against them relating to their positions with the Company. These indemnification obligations could result in
our incurring substantial expenditures to cover the cost of settlement or damage awards against our directors or officers.

21

Our
Articles of Incorporation, Bylaws, and Nevada law may have anti-takeover effects that could discourage, delay or prevent a change in
control, which may cause our stock price to decline.

Our
Articles of Incorporation, Bylaws, and Nevada law could make it more difficult for a third party to acquire us, even if closing such
a transaction would be beneficial to our stockholders. We are authorized to issue up to 20,000,000