Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 132

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 132
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4,821,281 nil

As
of March 31, 2025, 4,500,000 4,050,000 450,000 4,500,000

The numbers of shares are presented on a retroactive basis to reflect the
reverse recapitalization as described in Note 4.

Warrants

Each
public warrant entitles the holder thereof to purchase one-half of one ordinary share at a price of $ 11.50

Once
the warrants become exercisable, the Company may call the warrants for redemption (excluding the private warrants), in whole and not
in part, at a price of $ 0.01

  at                                                                                                                                    
  upon                                                                                                                                  
  if,                                                                                                                                   
  if,                                                                                                                                   

The private warrants are identical to the public warrants.
The private warrants (including the ordinary shares issuable upon exercise of the private warrants) are not transferable, assignable or
salable until 30 days after the completion of the Business Combination, subject to certain limited exceptions.

If
the Company calls the public warrants for redemption, management will have the option to require all holders that wish to exercise the
public warrants to do so on a “cashless basis,” as described in the warrant agreement. The exercise price and number of ordinary
shares issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a share dividend, extraordinary
dividend or recapitalization, reorganization, merger or consolidation. However, the warrants will not be adjusted for issuances of ordinary
shares at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the warrants. The
Company assessed the key terms applicable to the public warrants as well as the private warrants and believes the public warrants and
private warrants should be classified as equity in accordance with ASC 480 and ASC 815.

As of March 31, 2025, there were5,750,000public warrants and796,254private warrants issued and outstanding.

12. NET LOSS PER SHARE

The Company applies the two-class method when computing net loss per share attributable to the shareholders when shares are issued that
meet the definition of a participating security. The two-class method determines net loss per share for each class of ordinary shares
and participating securities according to dividends declared or accumulated and participation rights in undistributed earnings. The two-class
method requires earnings available to the shareholders for the period to be allocated between ordinary share and participating securities
based