Company: ZRCN
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006748
Chunk: 53

Company: ZRCN Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 4
Chunk 53
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 July 16, 2024. Additionally, the Company has
identified the following risk factor:

Tariffs
applied to the Import or Export of Company Products would negatively impact the Company’s financial position, cash flows and potential
returns to investors.

The
Company’s principal products are nearly all conceived, designed, engineered, performance specification established, developed,
protyped, first article approved, materials and components selected, and manufacturing process determined at the Company’s headquarters
in Campbell, California. The Company currently relies on the timely delivery of various components, production of certain subassemblies
and finished goods, production and use of packaging and shipments of products through or into geographical areas and/or locations that
have the power  and/or ability to charge the Company, in the form of a tariff, on goods shipped from, through or into such locations.
The assessment or application of such a tariff without the ability of the Company to pass the amount thereof to purchasers of the Company’s
goods, or otherwise collect such tariffs placed thereon, would negatively impact the financial performance of the Company and an investor’s
return on investment in the Company.

Item
2. Unregistered Sales of Equity Securities and Use of Proceeds

We
have not made any sales of unregistered securities of our common stock during the period from April 1, 2024, through December 31, 2024.

Item
3. Defaults Upon Senior Securities

Not
applicable.

Item
4. Mine Safety Disclosures

Not
applicable.

Item
5. Other Information

During
the last fiscal quarter, none of our directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted, modified or terminated
by any contract, instruction, or written plan for the purchase or sale of our securities that was intended to satisfy the affirmative
defense conditions of Rule 10b5-1(c) of the Exchange Act or any “non-Rule 10b5-1 trading arrangement.”

33

Item
6. Exhibits

    Exhibit
    Number
     
    Description
  
    3.1
     
    Certificate of Incorporation, dated June 19, 2018 (incorporated by reference to Exhibit 3.1 to the Registration Statement on Form 10 filed by the Company on December 27, 2021)
  
    3.2
     
    Certificate of Amendment to Certificate of Incorporation, dated August 28, 2020 (inc