Company: ZRCN
Filing Date: 2025-09-10
Form Type: 10-K
Source: 0001641172-25-027037
Chunk: 68

Company: ZRCN Inc.
Filing Date: 2025-09-10
Form: 10-K
Item: Item 10
Chunk 68
---
 Authorized for Issuance Under Equity Compensation Plans
  
    Plan
    Categorry 
    Number
    of securities
    to be issued upon
    exercise outstanding
    options, warrants, and
    rights (a)  
    Weighted
    average
    exercise price of
    outstanding options,
    warrants and rights  
    Number
    of securities
    remaining available for
    future issuance under
    equity compensation
    plans (excluding
    securities reflected in
    column (a) 
  
    Equity Compensation Plans approved
    by security holders 
     3,433,684  
    $0.75  
     36,783,500 
  
    Equity Compensation Plans not approved by security
    holders 
     -  
     -  
     - 
  
    Total 
     3,433,684  
    $0.75  
     36,783,500 

37

ITEM
13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

The
following includes a summary of transactions since March 31, 2023 to which we have been a party, including transactions in which the
amount involved in the transaction exceeds the lesser of $120,000 or 1% of the average of our total assets at year-end for the last two
completed fiscal years, and in which any of our directors, executive officers or, to our knowledge, beneficial owners of more than 5%
of our capital stock or any member of the immediate family of any of the foregoing persons had or will have a direct or indirect material
interest, other than equity and other compensation, termination, change in control and other arrangements, which are described elsewhere
in this Annual Report on Form 10-K. We are not otherwise a party to a current related party transaction, and no transaction is currently
proposed, in which the amount of the transaction exceeds the lesser of $120,000 or 1% of the average of our total assets at year-end
for the last two completed fiscal years and in which a related person had or will have a direct or indirect material interest.

Zircon
is a member of a controlled group of companies and has revenue and cost-sharing activities with other members of the controlled group.
Results of operations and financial condition may not represent amounts that would have been reported if the company operated as an unaffiliated
entity.

Zircon
has an exclusive manufacturing