Company: ZRCN
Filing Date: 2025-09-10
Form Type: 10-K
Source: 0001641172-25-027037
Chunk: 136

Company: ZRCN Inc.
Filing Date: 2025-09-10
Form: 10-K
Item: Item 1
Chunk 136
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. This may make it more
difficult for investors to dispose of our common stock and cause a decline in the market value of our stock.

We
have elected to avail ourself of the extended transition period for complying with new or revised accounting standards pursuant to Section
102(b)(1) of the JOBS Act, and further the JOBS Act will allow us to postpone the date by which we must comply with some of the laws
and regulations intended to protect investors and to reduce the amount of information we provide in our reports filed with the SEC, which
could undermine investor confidence in the Company.

For
so long as we remain an “emerging growth company” as defined in the Jumpstart our Business Startups Act of 2012, or the JOBS
Act, we may take advantage of certain exemptions from various requirements that are applicable to public companies that are not “emerging
growth companies.” In particular, as an emerging growth company we:

    ●
    are
    not required to obtain an attestation and report from our auditors on our management’s assessment of our internal control over
    financial reporting pursuant to the Sarbanes-Oxley Act of 2002;

    ●
    are
    not required to provide a detailed narrative disclosure discussing our compensation principles, objectives and elements and analyzing
    how those elements fit with our principles and objectives (commonly referred to as “compensation discussion and analysis”);

    ●
    are
    not required to obtain a non-binding advisory vote from our stockholders on executive compensation or golden parachute arrangements
    (commonly referred to as the “say-on-pay,” “say-on-frequency” and “say-on-golden-parachute” votes);

    ●
    are
    exempt from certain executive compensation disclosure provisions requiring a pay-for-performance graph and CEO pay ratio disclosure;

    ●
    may
    present only two years of audited financial statements and only two years of related Management’s Discussion & Analysis
    of Financial Condition and Results of Operations (“MD&A”); and

    ●
    are
    eligible to claim longer phase-in periods for the adoption of new or revised financial accounting standards under §107 of the
    JOBS Act.

Under
the JOBS Act, we may take advantage of the above-described reduced reporting requirements and exemptions for up to five years after our
initial sale of common equity pursuant to a registration statement declared effective under the Securities Act of 1933, as amended (the
“