Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 199

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 199
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 assurance can be
given that brokerage firms will want to conduct secondary offerings on our behalf in the future. In addition, if we were to attempt to
up-list the listing of our securities on a national securities exchange we will likely be subject to additional listing requirements
applicable to entities that became public through a reverse merger.

Compliance with
the reporting requirements of federal securities laws are expensive and time consuming.

We are a public reporting
company in the United States, and accordingly, subject to the information and reporting requirements of the Securities Exchange Act of
1934, as amended (the “Exchange Act”), and other federal securities laws, and the compliance obligations of the Sarbanes-Oxley
Act of 2002. The costs (in terms of expenses and the required dedication of management’s time and attention) of preparing and filing
annual and quarterly reports and other information with the SEC and furnishing audited reports to stockholders are substantial. If we
do not provide current information about our company to market makers, they will not be able to trade our stock. Failure to comply with
the applicable securities laws could result in private or governmental legal action against us or our officers and directors, which could
have a detrimental impact on our business and financials, the value of our stock, and the ability of stockholders to resell their stock.

16

Our stock price
has been subject to significant volatility, and future volatility may result in our investors incurring substantial losses.

Our stock price has
fluctuated in the past, has been subject to volatility and may be volatile in the future. We may incur rapid and substantial decreases
in our stock price in the foreseeable future that are unrelated to our operating performance. For example, the COVID-19 pandemic and
its variants, the Russia-Ukraine conflict, the war between Israel and Hamas, rising inflation and bank failures have caused broad stock
market and industry fluctuations. Furthermore, the market prices for companies operating in our industry have experienced extreme volatility.
As a result of this volatility, investors may experience losses on their investment in our common stock. The market price for our common
stock may be influenced by many factors, including the following:

    ●
    conversion of our outstanding convertible notes or exercise
    of outstanding warrants into shares of common stock at low prices, and the sale of such shares in the public market;

    ●
    investor reaction to our business strategy;

    ●
    the success of competitive products or technologies;

    ●
    regulatory or legal developments