Company: TELO
Filing Date: 2025-02-04
Form Type: 10-K
Source: 0001493152-25-004872
Chunk: 333

Company: Telomir Pharmaceuticals, Inc.
Filing Date: 2025-02-04
Form: 10-K
Item: Item 1
Chunk 333
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 statements showing the market values of our securities
held in the customer’s accounts. A broker would be required to provide the bid and offer quotations and compensation information
before effecting the transaction. This information must be contained in the customer’s confirmation. Generally, brokers are less
willing to affect transactions in penny stocks due to these additional delivery requirements. These requirements may make it more difficult
for shareholders to purchase or sell the shares of our common stock. Since the broker, not us, prepares this information, we would not
be able to assure that such information is accurate, complete or current.

Some
provisions of Florida law and our amended and restated articles of incorporation and amended and restated bylaws may have anti-takeover
effects that could discourage an acquisition of us by others, even if an acquisition would be beneficial to our shareholders and may
prevent attempts by our shareholders to replace or remove our current management.

Our
status as a Florida corporation and the anti-takeover provisions of the Florida Business Corporation Act, which we sometimes refer to
as the FBCA, may discourage, delay or prevent a change in control even if a change in control would be beneficial to our shareholders.

The
control share acquisition statute, Section 607.0902 of the FBCA, generally provides that in the event a person acquires voting shares
of the company in excess of 20% of the voting power of all of our issued and outstanding shares, such acquired shares will not have any
voting rights unless such rights are restored by the holders of a majority of the votes of each class or series entitled to vote separately,
excluding shares held by the person acquiring the control shares or any of our officers or employees who are also directors of the company.
Certain acquisitions of shares are exempt from these rules, such as shares acquired pursuant to the laws of intestate succession or pursuant
to a gift or testamentary transfer, pursuant to a merger or share exchange effected in compliance with the FBCA if we are a party to
the agreement, or pursuant to an acquisition of our shares if the acquisition has been approved by our board of directors before the
acquisition. The control share acquisition statute generally applies to any “issuing public corporation,” which means a Florida
corporation which has:

    ●
    One
    hundred or more shareholders;

    ●
    Its
    principal place of business, its principal office, or substantial assets within Florida; and

    ●
    Either
    (i)