Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 73

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1
Chunk 73
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 provisions of the Exchange Act and, as a result, shareholders will
have access to less information about us and our business, operations, and financial performance.

In addition, the reduction in the
volume and detail of information about the Company available to the public as a result of the suspension of SEC reporting could cause
deterioration in the liquidity of our common stock. The lack of liquidity provided by a ready market of common stock may result in fewer
opportunities to raise additional capital through private offerings of our securities and utilize equity-based incentive compensation
tools to recruit and retain executive talent. Moreover, companies that file reports with the SEC are often viewed by existing shareholders,
potential investors, employees, investors, customers, vendors and others as more established, reliable and prestigious than privately
held companies. SEC reporting companies are often followed by analysts who publish reports on their operations and prospects. Companies
that terminate their status as an SEC reporting company may risk losing prestige in the eyes of the public, the investment community
and key constituencies.

51

Substantial
future sales of our common stock, or the perception that these sales may occur, could cause the price of our common stock to decline,
or could result in dilution.

Sales of substantial
amounts of Bancorp 34 common stock, including in future offerings, or the perception that these sales could occur, could cause the market
price of Bancorp 34 common stock to decline. These sales could also make it more difficult for us to sell equity or equity-related securities
in the future, at a time and place that we deem appropriate. Castle Creek and Brush Creek are party to a Registration Rights Agreement
under which we may be required to register their approximately 1.5 million shares of Bancorp 34 common stock under the Securities Act
of 1933, as amended (the “Securities Act”). See “Certain Relationships and Related Transactions, and Director Independence—Registration
Rights Agreement.” Accordingly, the market price of Bancorp 34 common stock could be adversely affected by actual or anticipated
sales of a significant number of shares of Bancorp 34 common stock in the future.

We are authorized to
issue up to 100,000,000 shares of our common stock without further stockholder approval. We may issue additional shares of our common
stock in the future pursuant to current or future equity compensation plans or in connection with future acquisitions or financings.
If we choose to raise capital by selling shares of our common stock for any reason, the issuance would have