Company: OCEA
Filing Date: 2025-04-08
Form Type: 10-K
Source: 0001641172-25-003155
Chunk: 2675

Company: Ocean Biomedical, Inc.
Filing Date: 2025-04-08
Form: 10-K
Item: Item 1
Chunk 2675
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 or the Exchange
Act or any other claim for which the federal courts have exclusive jurisdiction. Unless we consent in writing to the selection of an
alternate forum, the United States District Courts shall be the sole and exclusive forum for resolving any complaint asserting a cause
of action arising under the Securities Act, or the federal forum provision, as our principal office is located in Providence, Rhode Island.
In addition, the Amended Certificate that any person or entity purchasing or otherwise acquiring any interest in shares of our common
stock is deemed to have notice of and consented to the Delaware forum provision and the federal forum provision; provided, however, that
stockholders cannot and will not be deemed to have waived our compliance with the federal securities laws and the rules and regulations
thereunder.

The
Delaware forum provision and the federal forum provision may impose additional litigation costs on stockholders who assert the provision
is not enforceable and may impose more general additional litigation costs in pursuing any such claims, particularly if the stockholders
do not reside in or near the State of Delaware. In addition, these forum selection clauses in the Amended Certificate may limit our stockholders’
ability to bring a claim in a judicial forum that they find favorable for disputes with us or our directors, officers or employees, which
may discourage such lawsuits against us and our directors, officers and employees even though an action, if successful, might benefit
our stockholders. In addition, while the Delaware Supreme Court ruled in March 2020 that federal forum selection provisions purporting
to require claims under the Securities Act be brought in federal court were “facially valid” under Delaware law, there is
uncertainty as to whether other courts will enforce our federal forum provision. If the federal forum provision is found to be unenforceable,
we may incur additional costs associated with resolving such matters. The federal forum provision may also impose additional litigation
costs on stockholders who assert the provision is not enforceable or invalid. The Court of Chancery of the State of Delaware and the
United States District Courts may also reach different judgments or results than would other courts, including courts where a stockholder
considering an action may be located or would otherwise choose to bring the action, and such judgments may be more or less favorable
to us than our stockholders.

Section
27 of the Exchange Act creates exclusive federal jurisdiction over all suits brought to enforce any duty or liability created by the
Exchange Act or the rules and regulations thereunder. As a result, the