Company: ZRCN
Filing Date: 2025-09-10
Form Type: 10-K
Source: 0001641172-25-027037
Chunk: 124

Company: ZRCN Inc.
Filing Date: 2025-09-10
Form: 10-K
Item: Item 1
Chunk 124
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, including key personnel.

Much
of our future success depends on the continued availability and service of key personnel, including our Chief Executive Officer, executive
team, and other highly skilled employees. Experienced personnel in the technology industry are in high demand and competition for their
talents is intense. If we are unable to recruit and retain highly skilled employees, it could materially adversely affect our business,
results of operations and financial condition.

11

Key
personnel may voluntarily terminate their relationship with us at any time, and competition for qualified personnel is intense. The process
of locating additional personnel with the combination of skills and attributes required to carry out our strategy could be lengthy, costly,
and disruptive.

If
we lose the services of key personnel or fail to replace the services of key personnel who depart, we could experience a severe negative
effect on our financial results and stock price. The loss of the services of any key personnel, marketing or other personnel or our failure
to attract, integrate, motivate, and retain additional key employees could have a material adverse effect on our business, operating
and financial results and stock price.

Investment
in acquisitions and new business strategies could disrupt our ongoing business, present risks not originally contemplated and adversely
affect Zircon’s business, reputation, results of operations and financial condition.

We
have invested, and in the future may invest, in new business strategies and acquisitions. Such endeavors may involve significant risks
and uncertainties, including distraction of management from current operations, greater-than-expected liabilities and expenses, economic,
legal, and regulatory challenges associated with operating in new businesses, regions or countries, inadequate return on capital, potential
impairment of tangible and intangible assets, and significant write-offs. Investment and acquisition transactions are exposed to additional
risks. We cannot assure that we will be able to fully realize the anticipated benefits of a transaction. These new ventures are inherently
risky and may not be successful. The failure of any significant investment could adversely affect our business, reputation, results of
operations and financial condition.

Legal
and Regulatory Compliance Risks

We
are subject to complex and changing laws and regulations, which expose us to potential liabilities, increased costs and other adverse
effects on our business.

Our
operations are subject to complex and changing laws and regulations on subjects, including privacy, data security and data localization;
consumer protection; advertising, sales, billing and e-commerce; product liability; intellectual property ownership and infringement;
availability of third-party software applications and services; labor and employment; antic