Company: SYRA
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001493152-25-009873
Chunk: 191

Company: Syra Health Corp
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1
Chunk 191
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 the FTSE. In addition, in July 2017, the S&P Dow Jones announced that it would no longer admit
companies with multiple-class share structures to certain of its indices; however, in October 2022, the S&P Dow Jones announced that
it was conducting a consultation with market participants on the multiple share class eligibility methodology requirement via a survey
that closed on December 15, 2022. Subsequently, the S&P Dow Jones Indices announced that, effective as of April 17, 2023, companies
with multiple share class structures will be considered eligible for the S&P Composite 1500 and its component indices, including
the S&P 500, the S&P MidCap 400 and the S&P SmallCap 600, if they meet all other eligibility criteria. Also in 2017, MSCI,
a leading stock index provider, opened public consultations on its treatment of no-vote and multi-class structures and temporarily barred
new multi-class listings from certain of its indices; however, in October 2018, MSCI announced its decision to include equity securities
“with unequal voting structures” in its indices. Additionally, MSCI announced that the securities of companies exhibiting
unequal voting structures will be eligible for addition to the MSCI ACWI IMI and other relevant indexes effective March 1, 2019. Currently,
MSCI offers the MSCI World Voting Rights-Adjusted Index. This index specifically includes voting rights in the weighting criteria and
construction methodology and aims to better align constituent weights with economic rights and voting power, while continuing to represent
the performance of a broad opportunity set. The dual-class structure of our common stock may make us ineligible for inclusion in certain
indices and, as a result, mutual funds, exchange-traded funds and other investment vehicles that attempt to passively track those indices
would not invest in our Class A common stock. In addition, it is unclear what effect, if any, such policies will have on the valuations
of publicly-traded companies excluded from such indices, but it is possible that they may adversely affect valuations, as compared to
similar companies that are included. Due to the dual-class structure of our common stock, we may be excluded from certain indices and
we cannot assure you that other stock indices (including Nasdaq) will not take similar actions. Given the sustained flow of investment
funds into passive strategies that seek to track certain indices, exclusion from certain stock indices may preclude investment by many
of these