Company: PETVW
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001641172-25-018617
Chunk: 246

Company: PetVivo Holdings, Inc.
Filing Date: 2025-07-10
Form: 10-K
Item: Item 1B
Chunk 246
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, whose shares are held in the names of various dealers, clearing agencies, banks, brokers, and
other fiduciaries.

Dividends

We
have never declared or paid any cash dividends on our common stock and anticipate that for the foreseeable future all earnings will be
retained for use rather than paid out as cash dividends.

24

Unregistered
Sales of Securities 

In
October 2023, the Company sold 125,000 shares of its common stock to one investor for a total amount of $200,000.

In
December 2023, the Company sold 352,224 shares of its common stock to five investors totaling $317,000. These investors also received
warrants to purchase 317,000 shares at an exercise price of $1.50 per share. The warrants expire in December 2026.

On
the first day of October, November and December 2023, the Company issued 16,668 shares of its restricted common stock (for an aggregate
of 50,004 shares) to the consultant for services rendered in these months to the Company, which shares were valued at $31,666, $23,748
and $14,071, respectively. The Company entered into a services agreement with a consultant for a 12-month period on January 1, 2023.

In
December 2023, the Company granted options to purchase an aggregate of 195,700 shares of its common stock under the PetVivo Holdings,
Inc. Amended and Restated 2020 Equity Plan (“Amended Plan”) to its Board of Directors for its compensation for the period
October 1, 2023 to September 30, 2024. The exercise price of these options was $1.06 per share which was the closing price of the Company’s
common stock on the date of the grant. The Director options vest on September 30, 2024 and expire on the earlier of the date on which
the Director’s service with the Company is terminated or seven years after the grant date.

In
October, November and December 2023, the Company issued 117,000 shares of common stock to service providers for consulting services valued
at $223,640.

In
October and December 2023, the Company issued 11,250 shares of common stock upon the vesting of restricted stock units issued to three
employees.

From
January 2024 to March 2024, the Company issued 324,000 shares