Company: SYRA
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001493152-25-009873
Chunk: 276

Company: Syra Health Corp
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1A
Chunk 276
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 stockholders. As a result, such concentrated control may
adversely affect the market price of our Class A common stock.

Future
transfers by holders of Class B common stock will generally result in those shares converting to Class A common stock, subject to limited
exceptions as specified in our Certificate of Incorporation, such as transfers to family members and certain transfers effected for estate
planning purposes.

-22-

We
cannot predict the effect our dual-class structure may have on the market price of our Class A common stock.

We
cannot predict whether our dual-class structure will result in a lower or more volatile market price of our Class A common stock, adverse
publicity or other adverse consequences. For example, certain index providers have announced and implemented restrictions on including
companies with multiple-class share structures in certain of their indices. In July 2017, FTSE Russell announced that it would require
new constituents of its indices to have greater than 5% of the company’s voting rights (aggregated across all of its equity securities,
including those that are not listed or trading) in the hands of public stockholders. Pursuant to the FTSE Russell, this 5% minimum voting
rights requirement only applies to companies assigned a Developed market nationality within the FTSE Equity Country Classification scheme,
and, based upon the FTSE Equity Country Classification Interim Announcement published on March 30, 2023, the United States is assigned
a Developed market nationality within the FTSE. In addition, in July 2017, the S&P Dow Jones announced that it would no longer admit
companies with multiple-class share structures to certain of its indices; however, in October 2022, the S&P Dow Jones announced that
it was conducting a consultation with market participants on the multiple share class eligibility methodology requirement via a survey
that closed on December 15, 2022. Subsequently, the S&P Dow Jones Indices announced that, effective as of April 17, 2023, companies
with multiple share class structures will be considered eligible for the S&P Composite 1500 and its component indices, including
the S&P 500, the S&P MidCap 400 and the S&P SmallCap 600, if they meet all other eligibility criteria. Also in 2017, MSCI,
a leading stock index provider, opened public consultations on its treatment of no-vote and multi-class structures and temporarily barred
new multi-class listings from certain of its indices; however, in October 2018,