Company: PETVW
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001641172-25-018617
Chunk: 148

Company: PetVivo Holdings, Inc.
Filing Date: 2025-07-10
Form: 10-K
Item: Item 1A
Chunk 148
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 2023, which is when the control and right of use for this lease asset took place. The initial monthly base rent is $8,420
and has annual increases of 2.5%. The Company is also responsible for its proportional share of common space expenses, property taxes,
and building insurance. The lease will terminate on June 30, 2033, and the Company has a renewal option for a period of five years. 

The
Company believes that the current facilities are suitable and adequate to meet the Company’s current needs and that suitable additional
space will be available as and when needed on acceptable terms.

ITEM
3. LEGAL PROCEEDINGS

From
time to time, we may become involved in legal proceedings arising in the ordinary course of our business, the resolution of which we
do not anticipate would have, individually or in the aggregate, a material adverse effect on our business, financial condition, or results
of operations. Refer to Note 9. Commitments and Contingencies – Legal Proceedings, in the Notes to Consolidated Financial
Statements set forth in Part II, Item 8. Financial Statements and Supplementary Data of this Annual Report, for further information regarding
potential legal proceedings.

ITEM
4. MINE SAFETY DISCLOSURES

Not
applicable.

PART
II

ITEM
5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES

Market
Information

The
Company’s common stock is publicly traded on the OTCQB Nasdaq Capital Market under the symbol “PETV.”

Number
of Stockholders

As
of March 31, 2025, there were approximately 258 stockholders of record. The number of stockholders of record does not include certain
beneficial owners of our common stock, whose shares are held in the names of various dealers, clearing agencies, banks, brokers, and
other fiduciaries.

Dividends

We
have never declared or paid any cash dividends on our common stock and anticipate that for the foreseeable future all earnings will be
retained for use rather than paid out as cash dividends.

24

Unregistered
Sales of Securities 

In
October 2023, the Company sold 125,000 shares of its common stock to one investor for a total amount of $200,000.

In
December 2023, the Company sold 352,224 shares of its common stock to five investors