Company: ZRCN
Filing Date: 2025-09-10
Form Type: 10-K
Source: 0001641172-25-027037
Chunk: 239

Company: ZRCN Inc.
Filing Date: 2025-09-10
Form: 10-K
Item: Item 1A
Chunk 239
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any material weaknesses in such internal controls. Section 404 of the Sarbanes-Oxley Act of 2002 may require that we evaluate and determine
the effectiveness of our internal controls over financial reporting and provide a management report on the internal controls over financial
reporting, which must be attested to by our independent registered public accounting firm. If we become unable to maintain effective
internal controls over financial reporting, our ability to record, process and report financial information timely and accurately could
be adversely affected.

Risks
Related to our Common Stock

We
may conduct offerings of our equity securities in the future, in which case an investor’s proportionate interest may become diluted.

If
we issue additional common stock shares or securities convertible into our common stock, your percentage interest in the Company could
become diluted.

During
any future financing, when common stock is issued in return for capital investment, the price per share could be lower than that paid
by our current shareholders.

The
sale or availability of substantial amounts of our common stock could adversely affect their market price.

Should
we become a publicly listed company, sales of substantial amounts of our common stock in the public market, or the perception that these
sales could occur, could adversely affect the market price of our common stock and could materially impair our ability to raise capital
through equity offerings in the future. As of the date of this report, we have 10,332,425 shares of common stock issued and outstanding.
We cannot predict what effect, if any, market sales of securities held by our significant shareholders or any other shareholder or the
availability of these securities for future sale will have on the market price of our common stock.

16

We
have never declared or paid any cash dividends or distributions on our capital stock. And we do not anticipate paying any cash dividends
on our common stock in the foreseeable future.

We
have never declared or paid any cash dividends or distributions on our capital stock. We currently intend to retain our future earnings,
if any, to support operations and to finance expansion and therefore we do not anticipate paying any cash dividends on our common stock
in the foreseeable future.

The
declaration, payment and amount of any future dividends will be made at the discretion of the board of directors, and will depend upon,
among other things, the results of our operations, cash flows and financial condition, operating and capital requirements, and other
factors that the board of directors considers relevant. There is no assurance that future dividends will be paid, and