Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 273

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1A
Chunk 273
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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 a dilutive effect on the
holders of our common stock and could have a material negative effect on the value of our common stock.

The
Bancorp 34 articles of incorporation designate the state and federal courts located within the state of Maryland as the sole and exclusive
forum for certain types of actions and proceedings that may be initiated by Bancorp 34’s stockholders, which could limit Bancorp
34’s stockholders’ ability to obtain a favorable judicial forum for disputes with Bancorp 34 or its directors, officers or
employees.

The Bancorp 34 articles
of incorporation, which will govern the combined company following completion of the merger, provide that, unless Bancorp 34 consents
in writing to the selection of an alternative forum, the sole and exclusive forum for (i) any derivative action or proceeding brought
on behalf of Bancorp 34, (ii) any action asserting a claim of breach of a fiduciary duty owed by any director, officer or other employee
of Bancorp 34 to Bancorp 34 or Bancorp 34’s stockholders, (iii) any action asserting a claim pursuant to any provision of the MGCL,
or (iv) any action asserting a claim governed by the internal affairs doctrine shall be a state or federal court located within the state
of Maryland, in all cases subject to the court’s having personal jurisdiction over the indispensable parties named as defendants.
To the extent permitted by law, the exclusive forum clause in Bancorp 34’s articles of incorporation could apply, respectively,
to claims of the type described in the previous sentence that arise or purport to arise under U.S. federal securities laws, including
the Securities Act and the Exchange Act. Section 27 of the Exchange Act creates exclusive federal jurisdiction over all suits brought
to