Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 505

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 505
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 a smaller scale as there is only one plaintiff in the
Minkovich matter as opposed to five in the Voloshin matter. The arbitration hearing (“trial”) in the Minkovich matter was
set for June 30, 2025 to July 3, 2025 at the continued “preliminary conference” held on October 7, 2024. Before the arbitration
hearing, the parties will engage in discovery and some motion work which may (1) either dispose of all or some of the case, and/or (2)
result in the Minkovich matter being sent back to the Superior Court for final determination.

Item 4. Mine Safety Disclosures

Not applicable.

21

PART II

Item 5. Market
for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchase of Equity Securities

From November 3, 2014
to July 4, 2016, our common stock traded on the OTC Pink Markets under the symbol “ASYP” but no trading took place
during this time. Since July 5, 2016 our common stock has traded on the OTCQB Market, and our symbol was changed to “QPAG”
on June 2, 2016 and to “IPSI” on December 3, 2019.

The last reported sale
price of our common stock on the OTCQB on March 28, 2025, was $0.0026 per share. OTC market quotations reflect inter-dealer prices,
without retail mark-up, mark-down or commission and may not necessarily represent actual transactions.

As of March 30, 2025,
there were approximately 67 holders of record of our common stock. 

Dividend Policy

We have not paid any
cash dividends on our common stock to date, and we have no intention of paying cash dividends in the foreseeable future. Whether we declare
and pay dividends is determined by our Board of Directors at their discretion, subject to certain limitations imposed under Nevada corporate
law. The timing, amount and form of dividends, if any, will depend on, among other things, our results of operations, financial condition,
cash requirements and other factors deemed relevant by our Board of Directors.

Equity Compensation
Plan Information

The purpose of our equity
incentive plans is to promote the interests of our company and our stockholders by providing directors, officers, employees and consultants
of our company with appropriate incentives and rewards to encourage them