Company: HYSR
Filing Date: 2025-09-15
Form Type: 10-K
Source: 0001213900-25-087311
Chunk: 91

Company: SUNHYDROGEN, INC.
Filing Date: 2025-09-15
Form: 10-K
Item: Item 1A
Chunk 91
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 a series of preferred stock that would grant to holders of preferred stock the right to our assets upon liquidation, or
the right to receive dividend payments before dividends are distributed to the holders of common stock. In addition, our board of directors
could authorize the issuance of a series of preferred stock that has greater voting power than our common stock or that is convertible
into our common stock, which could decrease the relative voting power of our common stock or result in dilution to our existing stockholders.

15

Additional stock offerings in the future
may dilute then-existing shareholders’ percentage ownership of the Company.

Given our plans and expectations
that we will need additional capital, we anticipate that we will need to issue additional shares of common stock or securities convertible
or exercisable for shares of common stock, including convertible preferred stock, convertible notes, stock options or warrants. We anticipate
that our issuance of additional common stock or securities convertible into or exercisable into common stock in the future will dilute
the percentage ownership of then current stockholders.

Item 1B. Unresolved Staff Comments.

None.

Item 1C. Cybersecurity.

Due to the current small
size and limited commercial operations of the Company, we have no formal cybersecurity policies and processes in place, however, the Board
and management believe cybersecurity represents an important component of the Company’s overall approach to risk management and
oversight.

Cybersecurity threats have
not materially affected, and are not reasonably likely to affect, the Company, including its business strategy, results of operations
or financial condition while we are strategically focused on developing an efficient and cost-effective way to produce truly renewable
hydrogen using sunlight and any source of water and have minimal commercial operations. The Company is not aware of any material security
breach to date. Accordingly, the Company has not incurred any expenses over the last two years relating to information security breaches.
The occurrence of cyber-incidents, or a deficiency in our cybersecurity or in those of any of our third-party service providers could
negatively impact our business by causing a disruption to our operations, a compromise or corruption of our confidential information and
systems, or damage to our business relationships or reputation, all of which could negatively impact our business and results of operations.
There can be no assurance that the Company’s third-party vendors’ and service providers’ cybersecurity risk management processes,
including their policies, controls or procedures, will be effective in protecting the Company’s systems and information.

Item 2. Properties.

Our principal office address
and independent