Company: SYRA
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001493152-25-009873
Chunk: 283

Company: Syra Health Corp
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1A
Chunk 283
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 and
provides for a base monthly rent of $11,209 per month, over a three-year term of the lease, which commenced on July 1, 2024. We believe
this to be sufficient to meet our needs for the foreseeable future and that any additional space we may require will be available on
commercially reasonable terms.

ITEM
3. LEGAL PROCEEDINGS

From
time to time, we may become a party to various legal actions and complaints arising in the ordinary course of business. In addition to
commitments and obligations in the ordinary course of business, we are subject to various claims, pending and potential legal actions
for damages, investigations relating to governmental laws and regulations and other matters arising out of the normal conduct of our
business. It is possible that cash flows or results of operations could be materially affected in any particular period by the unfavorable
resolution of one or more of these contingencies.

In
January 2024, a former employee filed a wrongful termination lawsuit against the Company in the U.S. District Court, Southern District
of Indiana. In January 2025, the Company entered into a settlement agreement with the former employee for an immaterial amount and the
case is dismissed.

-26-

ITEM
4. MINE SAFETY DISCLOSURES

Not
applicable.

ITEM
5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.

Market
Information

Our
common stock is listed on The Nasdaq Capital Market under the symbol “SYRA.”

Holders

As
of March 7, 2025, there were 11 and 3 stockholders of record of our Class A and Class B common stock, respectively. The actual number
of holders of our common stock is greater than this number of record holders, and includes stockholders who are beneficial owners, but
whose shares are held in street name by brokers or held by other nominees. This number of holders of record also does not include stockholders
whose shares may be held in trust by other entities.

Dividend
Policy

We
have never paid or declared any cash dividends on our common stock, and we do not anticipate paying any cash dividends on our common
stock in the foreseeable future. We intend to retain all available funds and any future earnings to fund the development and expansion
of our business. Any future determination to pay dividends will be at the discretion of our board of