Company: CERO
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032134
Chunk: 1696

Company: CERO THERAPEUTICS HOLDINGS, INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 1696
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 acquisition opportunities,
and this inability could impair our ability to grow or obtain access to technology or products that may be important to the development
of our business.

91

Our Bylaws provide that the Court of Chancery
of the State of Delaware and, to the extent enforceable, the federal district courts of the United States of America will be the exclusive
forums for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable
judicial forum for disputes with us or our directors, officers, or employees.

The Charter provides that,
unless we consent to the selection of an alternative forum, the Court of Chancery of the State of Delaware is the exclusive forum for
the following types of actions or proceedings under Delaware statutory or common law:

●any
                                            derivative action or proceeding brought on our behalf;

●any
                                            action asserting a breach of fiduciary duty;

●any
                                            action asserting a claim against us or any of our current or former directors, officers or
                                            other employees arising under the DGCL, the Charter, or the Bylaws;

●any
                                            action seeking to interpret, apply, enforce or determine the validity of this Charter or
                                            our Bylaws;

●any
                                            action as to which the DGCL confers jurisdiction on the Court of Chancery of the State of
                                            Delaware; and

●any
                                            action asserting a claim against us that is governed by the internal-affairs doctrine.

This provision would not
apply to suits brought to enforce a duty or liability created by the Exchange Act. Furthermore, Section 22 of the Securities Act creates
concurrent jurisdiction for federal and state courts over all such Securities Act actions. Accordingly, both state and federal courts
have jurisdiction to entertain such claims. To prevent having to litigate claims in multiple jurisdictions and the threat of inconsistent
or contrary rulings by different courts, among other considerations, the Charter further provides that, unless we consent to the selection
of an alternative forum, the federal district courts of the United States of America will be the exclusive forum for resolving any complaint
asserting a cause of action arising under the Securities Act, including all causes of action asserted against any defendant named in such
complaint. While the Delaware courts have determined that such choice of forum provisions are facially valid and several state trial courts
have enforced such provisions and required that suits asserting Securities Act claims be filed in federal court, there is no guarantee
that courts of appeal will affirm the enforce