Company: PETVW
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001641172-25-018617
Chunk: 33

Company: PetVivo Holdings, Inc.
Filing Date: 2025-07-10
Form: 10-K
Item: Item 1
Chunk 33
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 costs or damages incurred by them involving
legal proceedings brought against them relating to their positions with the Company. These indemnification obligations could result in
our incurring substantial expenditures to cover the cost of settlement or damage awards against our directors or officers.

21

Our
Articles of Incorporation, Bylaws, and Nevada law may have anti-takeover effects that could discourage, delay or prevent a change in
control, which may cause our stock price to decline.

Our
Articles of Incorporation, Bylaws, and Nevada law could make it more difficult for a third party to acquire us, even if closing such
a transaction would be beneficial to our stockholders. We are authorized to issue up to 20,000,000 shares of preferred stock. This preferred
stock may be issued in one or more series, the terms of which may be determined at the time of issuance by our board of directors without
further action by stockholders. The terms of any series of preferred stock may include voting rights (including the right to vote as
a series on particular matters), preferences as to dividend, liquidation, conversion and redemption rights, and sinking fund provisions.
None of our preferred stock will be outstanding at the closing of this offering. The issuance of any preferred stock could materially
adversely affect the rights of the holders of our common stock, and therefore reduce the value of our common stock. In particular, specific
rights granted to future holders of preferred stock could be used to restrict our ability to merge with, or sell our assets to, a third
party and thereby preserve control by the present management.

Provisions
of our Articles of Incorporation, Bylaws, and Nevada law also could have the effect of discouraging potential acquisition proposals or
making a tender offer or delaying or preventing a change in control, including changes a stockholder might consider favorable. Such provisions
may also prevent or frustrate attempts by our stockholders to replace or remove our management. In particular, our certificate of incorporation
and by-laws and Delaware law, as applicable, among other things:

    ●
    provide
    the board of directors with the ability to alter the by-laws without stockholder approval;

    ●
    establishing
    advance notice requirements for nominations for election to the board of directors or for proposing matters that can be acted upon
    at stockholder meetings; and

    ●
    provide
    that vacancies on the board of directors may be filled by a majority of directors in office, although less than a