Company: GRPS
Filing Date: 2025-07-17
Form Type: 10-K
Source: 0001683168-25-005173
Chunk: 12

Company: Trans American Aquaculture, Inc
Filing Date: 2025-07-17
Form: 10-K
Item: Item 1
Chunk 12
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 threats is in data storage of customer questions and emails.
A breach of customers data could negatively materially affect our public trust and could result in loss of customers and revenue.

Governance

Our board of directors has
no specific processes for monitoring cybersecurity within the Company. There is no subcommittee specifically for monitoring cybersecurity
in the company.

Our management monitors our
websites and online accounts frequently to manage risks associated with cyber-security risks. Our management has more than 20 years of
experience working in the technology industry, which enables it to identify cybersecurity risks associated with the Company. Our management
communicates with our board on matters of cybersecurity but, has not had to inform them of any breaches thus far.

    ITEM 2.
    PROPERTIES

We maintain a 0.25 acre parcel of land boarding the
Arroyo Colorado River in Arroyo City, Texas.

Our principal executive offices are located at 1022
Shadyside Lane, Dallas, TX 75223. Our CEO allows us to use this address free of charge.

    ITEM 3.
    LEGAL PROCEEDINGS

On
December 13, 2024, due to a note holder recording a deed in lieu foreclosure, on December 2nd, 2024, TAA filed for Chapter 11
bankruptcy protection under the United States Bankruptcy Code, in the United States Bankruptcy Court for the Southern District of
Texas (Case # 24-10217). TAA voluntarily filed for Chapter 11 Bankruptcy to protect the
assets of the company (shrimp broodstock and key property, plant, and equipment) due to threats being made by the former farm note
holder (Kings Aqua Farm LLC) in which TAA operated on. On December 2, 2024, Kings Aqua Farm LLC filed a Deed in Lieu
(“DIL”) of Foreclosure due to non-payment by Trans American Aquaculture. The land was conveyed back to Kings Aqua
Farm because of the DIL filing. Over the next two weeks, various threats were made by Kings Aqua Farm on the assets of TAA, which
are paramount to the survival and future of the company. To protect those key assets and any future business, TAA elected to file a
voluntary Chapter 11 Bankruptcy.

The bankruptcy
plan is currently being finalized between TAA management, its board of directors, and legal counsel. The plan confirmation hearing is
scheduled for August 18, 2025,