Company: NTWK
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001641172-25-007993
Chunk: 24

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 24
---
. 4, we expect to file
the Amendment of Articles of Incorporation with the Secretary of State of the State of Nevada as soon as practicable following stockholder
approval. Upon filing of the Articles of Amendment with the Secretary of State of the State of Nevada, the first sentence of the Second
Article of our Amendment will read as follows:

“THREE: The Corporation shall be authorized
to issue 18,500,000 shares of capital stock of which 18,000,000 shares shall be shares of Common stock, $.01 par value (“Common
Stock”) and 500,000 shares shall be shares of Preferred Stock, $.01 par value (“Preferred Stock.”).

Our Articles of Incorporation currently authorizes the issuance
of up to 15,000,000 shares of capital stock, consisting of 14,500,000 shares of common stock, par value $.01 per share, and 500,000 shares
of preferred stock, par value $.01 per share. An increase in the number of authorized shares of our common stock to 18,000,000 shares
will increase our total authorized capitalization to 18,500,000, which includes our previously authorized 500,000 shares of preferred
stock.

Of the 14,500,000 shares of our common
stock currently authorized, as of the close of business on April 30, 2025, there were 11,709,543 shares of common stock
issued and outstanding. There are no shares of preferred stock issued and outstanding

The Board has approved the proposed increase in authorized common
stock for the primary purpose of bringing our capital structure in line with those of similarly situated companies with respect to shares
of common stock available for issuance as a percentage of total authorized shares. Although, at present, the Board has no immediate plans
to issue the additional shares of common stock, it desires to have the shares available to provide additional flexibility to use our common
stock for business and financial purposes in the future. The additional shares may be used for various purposes without further stockholder
approval. These purposes may include raising capital; establishing strategic relationships with other companies; expanding our business
through the acquisition of other businesses, products or technologies; and other purposes. If this Proposal No. 4 is not approved by our
stockholders, it is possible that our financing and business development alternatives may be limited by the lack of unissued and unreserved
authorized shares of common stock, and stockholder value may be harmed by this