Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 20

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 20
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 will be able to maintain any specific level of growth,
if any, that we will be able to maintain capital sufficient to support our continued growth or that we will be able to adequately and
profitably manage that growth.

12

We may not be
able to complete or integrate successfully any potential future acquisitions, partnerships or joint ventures.

We have implemented
joint ventures and commercial partnerships as part of our business, and from time-to-time, we may evaluate possible acquisition transactions,
partnerships or joint ventures, some of which may be material. Potential future acquisitions, partnerships and joint ventures may pose
significant risks to our existing operations if they cannot be successfully integrated. These projects would place additional demands
on our managerial, operational, financial and other resources, create operational complexity requiring additional personnel and other
resources and require enhanced control procedures. In addition, we may not be able to successfully finance or integrate any businesses,
services or technologies that we acquire or with which we form a partnership or joint venture. Furthermore, the integration of any acquisition
may divert management’s time and resources from our core business and disrupt our operations. Moreover, even if we were successful
in integrating newly acquired assets, expected synergies or cost savings may not materialize, resulting in lower than expected benefits
to us from such transactions. We may spend time and money on projects that do not increase our revenue. Additionally, when making acquisitions
it may not be possible for us to conduct a detailed investigation of the nature of the assets being acquired due to, for instance, time
constraints in making the decision and other factors. We may become responsible for additional liabilities or obligations not foreseen
at the time of an acquisition. In addition, in connection with any acquisitions, we must comply with various antitrust requirements.
It is possible that perceived or actual violations of these requirements could give rise to regulatory enforcement action or result in
us not receiving all necessary approvals in order to complete a desired acquisition. To the extent we pay the purchase price of any acquisition
in cash, it would reduce our cash reserves, and to the extent the purchase price is paid with our stock, it could be dilutive to our
stockholders. To the extent we pay the purchase price with proceeds from the incurrence of debt, it would increase our level of indebtedness
and could negatively affect our liquidity and restrict our operations. All of the above risks could have a material adverse effect on
our business, results of operations, financial condition, and prospects.

We are subject
to the discretion of administrative enforcement