Company: LAAI
Filing Date: 2025-07-14
Form Type: DEF 14C
Source: 0001683168-25-005079
Chunk: 13

Company: Loan Artificial Intelligence Corp.
Filing Date: 2025-07-14
Form: DEF 14C
Chunk 13
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, transmittal forms will be made available to each holder of record of certificates for shares of our Common Stock
to be used in forwarding such certificates for surrender in exchange or paying any cash payment due for fractional shares and, if so elected
by the holder, certificates representing the number of post-split shares of our Common Stock such stockholder is entitled to receive as
a result of the Reverse Stock Split. Our transfer agent will act as exchange agent for purposes of implementing the payment in lieu of
fractional shares and exchange of stock certificates. The transmittal forms will be accompanied by instructions specifying other details
of the exchange. Upon receipt of the transmittal form, each stockholder should surrender the certificates representing shares of our Common
Stock prior to the reverse stock split in accordance with the applicable instructions. Each stockholder who surrenders certificates will
receive any cash payment due for fractional shares and, upon payment of the applicable fee, new certificates representing the whole number
of shares of our Common Stock that such stockholder holds as a result of the reverse stock split. STOCKHOLDERS SHOULD NOT DESTROY ANY
STOCK CERTIFICATES AND SHOULD NOT SUBMIT THEIR STOCK CERTIFICATES UNTIL THEY RECEIVE A TRANSMITTAL FORM FROM OUR EXCHANGE AGENT. STOCKHOLDERS
ARE ENCOURAGED TO PROMPTLY SURRENDER CERTIFICATES TO THE EXCHANGE AGENT FOLLOWING RECEIPT OF TRANSMITTAL FORMS IN ORDER TO AVOID HAVING
SHARES POSSIBLY BECOMING SUBJECT TO ESCHEAT LAWS. No new certificates and no payments in lieu of fractional shares will be issued to a
stockholder until the stockholder has surrendered its outstanding stock certificate(s) together with the properly completed and executed
transmittal form to the exchange agent.

No Appraisal Rights

Our stockholders do not have
any “appraisal” or “dissenters” rights in connection with the approval or implementation of the Name Change and
Reverse Stock Split.

Certain Material U.S. Federal Income Tax Consequences

The following
summary describes certain material U.S. federal income tax consequences of the Reverse Stock Split to holders of our shares of Common
Stock, but does not purport to be a complete analysis of all potential tax effects. This discussion is based on the Internal Revenue Code of 1986, as amended (the “Code”), Treasury Regulations promulgated thereunder, judicial decisions, and published rulings and administrative pronouncements of the U.S. Internal