Company: DKI
Filing Date: 2025-04-25
Form Type: DRS/A
Source: 0001641172-25-006135
Chunk: 82

Company: DarkIris Inc.
Filing Date: 2025-04-25
Form: DRS/A
Chunk 82
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 Cayman Islands, we are permitted to adopt certain home country practices in relation to corporate governance matters that differ significantly from the Nasdaq Capital Market corporate governance requirements; these practices may afford less protection to shareholders than they would enjoy if we complied fully with the Nasdaq Capital Market corporate governance requirements. Currently, we do not have any immediate plans to rely on home country practice with respect to our corporate governance after the completion of this offering.

We will be a “controlled company” within the meaning of the Nasdaq Stock Market Rules and, as a result, may rely on exemptions from certain corporate governance requirements that provide protection to shareholders of other companies.

We will be a “controlled company” as defined under the Nasdaq Stock Market Rules because our Controlling Shareholder will hold approximately [*]% of our total issued and outstanding Shares and will be able to exercise [*]% of the total voting power of our issued and outstanding share capital after this offering, assuming that the underwriters do not exercise their over-allotment option.

Under the Nasdaq rules, a company of which more than 50% of the voting power with respect to the election of directors is held by an individual, a company or a group of persons acting together is a “controlled company” and may elect not to comply with certain stock exchange rules regarding corporate governance, including the following requirements:

| ● | that                                                                                                                                   
 a majority of its board of directors consists of independent directors;                                                                |
| ● | that                                                                                                                                   
 its director nominees be selected or recommended for the board’s selection by a majority of the board’s independent directors          
 in a vote in which only independent directors participate or by a nominating committee comprised solely of independent directors,      
 in either case, with a formal written charter or board resolutions, as applicable, addressing the nominations process and such related 
 matters as may be required under the federal securities laws; and                                                                      |
| ● | that                                                                                                                                   
 its compensation committee is composed solely of independent directors with a written charter addressing the committee’s purpose       
 and responsibilities.                                                                                                                  |

If we elect to be treated as a controlled company and use these exemptions, you may not have the same protections afforded to stockholders of companies that are subject to all of Nasdaq rules regarding corporate governance, which could make our Class A Ordinary Shares less attractive to investors or otherwise harm our stock price.

| 43 |

We may lose our foreign private issuer status in the future, which could result in significant additional costs and expenses.

As discussed above, we are a foreign private issuer, and therefore, we