Company: VPLM
Filing Date: 2025-12-23
Form Type: 10-K
Source: 0001493152-25-029094
Chunk: 141

Company: Voip-pal.com Inc
Filing Date: 2025-12-23
Form: 10-K
Item: Item 2
Chunk 141
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 the litigation.

During
the year ended September 30, 2024, on August 20, 2024, and then amended on September 10, 2024, the Company reached a settlement and release
agreement with the Plaintiff. Pursuant to the settlement and release agreement, the Company agreed to issue 30,000,000 restricted common
shares of the Company, with a value of $351,000, and in consideration of the agreement, the Plaintiff shall file a voluntary dismissal
of its appeal immediately upon delivery of the certificates. During the year ended September 30, 2025, on October 1, 2024, a share certificate
of 30,000,000 restricted common shares was issued to the Plaintiff.

Item
4. Mine Safety Disclosures.

Not
applicable.

10

PART
II

Item
5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.

Market

Our
common stock is quoted on the OTCQB with the OTC Markets Group, Inc. under the symbol “VPLM”. The OTCQB is an inter- dealer
quotation and trading system where market makers apply to quote securities. Accordingly, the OTCQB is not considered a market, and there
is, therefore, no public market for our Common Stock.

Holders

We
had approximately 576 holders of record of our common stock as of September 30, 2025 according to the books of our transfer agent. The
number of our stockholders of record excludes any estimate by us of the number of beneficial owners of shares held in street name, the
accuracy of which cannot be guaranteed.

Dividends

We
have not declared a dividend on our common stock, and we do not anticipate the payment of dividends in the near future as we intend to
reinvest our profits to grow our business. There are no restrictions in our articles of incorporation or bylaws that restrict us from
declaring dividends. The Nevada Revised Statutes, however, prohibit us from declaring dividends where, after giving effect to the distribution
of the dividend:

    ●
    we
    would not be able to pay our debts as they become due in the usual course of business; or

    ●
    our
    total assets would be less than the sum of our total liabilities, plus the amount that would be needed to satisfy the rights of shareholders
    who have preferential rights superior to those receiving the distribution