Company: VPLM
Filing Date: 2025-12-23
Form Type: 10-K
Source: 0001493152-25-029094
Chunk: 11

Company: Voip-pal.com Inc
Filing Date: 2025-12-23
Form: 10-K
Item: Item 1
Chunk 11
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acy of the Company’s internal control over financial reporting. Section 102(a)
of the JOBS Act exempts “emerging growth companies” from the requirements in §14A(e) of the Securities Exchange Act
of 1934 for companies with a class of securities registered under the Securities Exchange Act of 1934, as amended, to hold shareholder
votes for executive compensation and golden parachutes.

Other
Items of the JOBS Act. The JOBS Act also provides that an “emerging growth company” can communicate with potential investors
that are qualified institutional buyers or institutions that are accredited to determine interest in a contemplated offering either prior
to or after the date of filing the respective registration statement. The JOBS Act also permits research reports by a broker or dealer
about an “emerging growth company” regardless of whether such report provides sufficient information for an investment decision.
In addition, the JOBS Act precludes the SEC and FINRA from adopting certain restrictive rules or regulations regarding brokers, dealers
and potential investors, communications with management and distribution of research reports on the “emerging growth company’s”
IPOs.

Section
106 of the JOBS Act permits “emerging growth companies” to submit registration statements under the Securities Act of 1933,
as amended, on a confidential basis provided that the registration statement and all amendments thereto are publicly filed at least 21
days before the issuer conducts any road show. This is intended to allow “emerging growth companies” to explore the IPO option
without disclosing to the market the fact that it is seeking to go public or disclosing the information contained in its registration
statement until the company is ready to conduct a roadshow.

Election
to Opt Out of Transition Period. 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
of 1933, as amended, registration statement declared effective or do not have a class of securities registered under the Securities Exchange
Act of 1934, as amended) are required to comply with the new or revised financial accounting standard.

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 elected not to opt out of the transition
period. This may