Company: LAAI
Filing Date: 2025-07-02
Form Type: PRE 14C
Source: 0001683168-25-004891
Chunk: 11

Company: Loan Artificial Intelligence Corp.
Filing Date: 2025-07-02
Form: PRE 14C
Chunk 11
---
dens attributable to the distribution of reports and the maintenance of records for holders of less than 800 shares of Common Stock
will represent significant cost savings to the Company.

| 5 |

Based on the factors noted below,
the Board of Directors considered the price to be paid for fractional shares to be fair to Cashed-Out Shareholders, to those who remain
shareholders of the Company, and to the Company as a whole. The Company’s Common Stock trades on the OTC Pink Market, which is the
principal, and in most cases the sole, outlet for a shareholder who wished to dispose of his, her or its shares of Common Stock. The Board
of Directors viewed that market as the best indicator of what a willing buyer would pay to a willing seller, neither of whom is under
any compulsion to buy or sell. The Board of Directors gave particular weight to the current closing prices of the Company’s Common
Stock in the over-the-counter market, and noted the relative illiquidity of the Common Stock in that market and the sporadic nature of
trading in the Company’s Common Stock.

The Board of Directors recognizes
that as the Company’s stock is not traded as actively as many other companies, this may be a factor in the market price of the Company’s
stock. Accordingly, as a reasonableness test of the market price of the Company’s Common Stock, and therefore the cash price to
be paid for fractional shares, the Board of Directors considered the relationship between the market price and the net book value per
share of the Company. Accordingly, while the Board considered the relationship of market value to net book value important in its deliberations,
the Board of Directors did not view net book value alone to be a reliable measure of fair value.

Effect on Non-Registered Stockholders

Non-registered
stockholders holding shares of our Common Stock through a bank, broker or other nominee should note that such banks, brokers or other
nominees may have different procedures for processing the consolidation than those that would be put in place by us for registered stockholders,
and their procedures may result, for example, in differences in the precise cash amounts being paid by such nominees in lieu of a fractional
share. If you hold your shares with such a bank, broker or other nominee and if you have questions in this regard, you are encouraged
to contact your nominee.

Book-Entry Shares and Payment for Fractional Shares

The combination
of and reduction in the number of shares of Common Stock as a result