Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 47

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 47
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 Liabilities

The
Company is an “emerging growth company,” as defined under the federal securities laws, and the Company cannot be certain
if the reduced disclosure requirements applicable to emerging growth companies will make the Company’s securities less attractive
to investors.

The
Company is an “emerging growth company” as defined in the JOBS Act, and it will remain an “emerging growth company”
until the earliest to occur of (1) the last day of the fiscal year (a) following the fifth anniversary of the closing of the Business
Combination, (b) in which the Company has total annual gross revenue of at least $1.235 billion or (c) in which the Company is deemed
to be a large accelerated filer, which means the market value of the Company’s Shares held by non-affiliates exceeds $700 million
as of the last business day of the prior second fiscal quarter, and (2) the date on which the Company issued more than $1.0 billion in
non-convertible debt during the prior three-year period. It is expected that the Company will take advantage of exemptions from various
reporting requirements that are applicable to most other public companies, whether or not they are classified as “emerging growth
companies,” including, but not limited to, an exemption from the provisions of Section 404(b) of the Sarbanes-Oxley Act requiring
that the Company’s independent registered public accounting firm provide an attestation report on the effectiveness of the Company’s
internal control over financial reporting and reduced disclosure obligations regarding executive compensation.

In
addition, Section 102(b)(1) of the JOBS Act exempts “emerging growth companies” from being required to comply with new or
revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement
declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised
financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply
with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has not
elected to opt out of such extended transition period, which means that when a standard is issued or revised and the Company has different
application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard