Company: PETVW
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001641172-25-018617
Chunk: 513

Company: PetVivo Holdings, Inc.
Filing Date: 2025-07-10
Form: 10-K
Item: Item 3
Chunk 513
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/or to obtain adequate financing through the issuance of debt or equity in order to finance
its operations.

Management
believes that the actions presently being taken to further implement its business plan will enable the Company to continue as a going
concern. While the Company believes in its ability to raise additional funds, there can be no assurances to that effect. The ability
of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and
raise additional funds. An investor subscribed to a $5
million Series B Preferred stock offering whereby $600,000
has been received by March 31, 2025. The remaining $4.4
million was received in May and June 2025.

These
consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a
going concern.

NOTE
14 – STOCKHOLDERS’ EQUITY

Equity
Incentive Plan

On
July 10, 2020, our Board of Directors unanimously approved the PetVivo Holdings, Inc “2020 Equity Incentive Plan” (the “2020
Plan”), which authorized the issuance of up to 1,000,000 shares of our common stock as awards under the 2020 Plan, subject to approval
by our stockholders at the Annual Meeting of Stockholders held on September 22, 2020, when it was approved by our stockholders and became
effective. On October 14, 2022, the stockholders of the Company approved the PetVivo Holdings, Inc. Amended and Restated 2020 Equity
Incentive Plan (the “Amended Plan”), which increased the number of shares of the Company’s common stock which may be
granted under the Amended Plan from 1,000,000 to 3,000,000. Unless sooner terminated by the Board, the Amended Plan will terminate at
midnight on July 10, 2030. The number of shares available to grant under the Amended Plan was 822,605 at March 31, 2025.

Employees,
consultants, and advisors of the Company, and non-employee directors of the Company will be eligible to receive awards
under the Amended Plan. In the case of consultants and advisors, however, their services cannot be in connection with the offer and sale
of securities in a capital-raising transaction nor directly or indirectly to promote or maintain a