Company: VPLM
Filing Date: 2025-12-23
Form Type: 10-K
Source: 0001493152-25-029094
Chunk: 80

Company: Voip-pal.com Inc
Filing Date: 2025-12-23
Form: 10-K
Item: Item 1A
Chunk 80
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 Matters and Issuer Purchases of Equity Securities.

Market

Our
common stock is quoted on the OTCQB with the OTC Markets Group, Inc. under the symbol “VPLM”. The OTCQB is an inter- dealer
quotation and trading system where market makers apply to quote securities. Accordingly, the OTCQB is not considered a market, and there
is, therefore, no public market for our Common Stock.

Holders

We
had approximately 576 holders of record of our common stock as of September 30, 2025 according to the books of our transfer agent. The
number of our stockholders of record excludes any estimate by us of the number of beneficial owners of shares held in street name, the
accuracy of which cannot be guaranteed.

Dividends

We
have not declared a dividend on our common stock, and we do not anticipate the payment of dividends in the near future as we intend to
reinvest our profits to grow our business. There are no restrictions in our articles of incorporation or bylaws that restrict us from
declaring dividends. The Nevada Revised Statutes, however, prohibit us from declaring dividends where, after giving effect to the distribution
of the dividend:

    ●
    we
    would not be able to pay our debts as they become due in the usual course of business; or

    ●
    our
    total assets would be less than the sum of our total liabilities, plus the amount that would be needed to satisfy the rights of shareholders
    who have preferential rights superior to those receiving the distribution.

Securities
Authorized for Issuance Under Equity Compensation Plans

In
order to provide incentive to its directors, officers, management, employees, consultants and others who provide services to the Company
or any subsidiary (the “Service Providers”) to act in the best interests of the Company, and to retain such Service Providers,
the Company has in place an incentive Stock Option Plan (the “Plan”). Under the Plan, the Company is authorized to issue
up to 10% of its issued and outstanding share capital in options to purchase common shares of the Company. The maximum term of options
granted under the Plan cannot exceed ten years, with vesting terms determined at the discretion of the Board of Directors.

During
the year ended September 30, 2022, the Company granted 77,000,000 options to purchase 77,000,000 common shares at a price of $0.025 to
its consultants