Company: ZRCN
Filing Date: 2025-09-10
Form Type: 10-K
Source: 0001641172-25-027037
Chunk: 242

Company: ZRCN Inc.
Filing Date: 2025-09-10
Form: 10-K
Item: Item 1A
Chunk 242
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 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
“Securities Act”), or such earlier time that we no longer meet the definition of an emerging growth company. In this regard,
the JOBS Act provides that we would cease to be an “emerging growth company” if we have more than $1,235,000,000 in annual
revenues, have more than $700 million in market value of our common stock held by non-affiliates, or issue more than $1.0 billion in
principal amount of non-convertible debt over a three-year period. We would cease to be an emerging growth company on the last day of
the fiscal year following the date of the fifth anniversary of our first sale of common equity securities under an effective registration
statement or a fiscal year in which we have $1 billion in gross