Company: PETVW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006783
Chunk: 55

Company: PetVivo Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part II, Item 1A
Chunk 55
---
In
addition to the other information set forth in this Quarterly Report, you should carefully consider the factors discussed in Part I,
Item 1A Risk Factors in our Annual Report on Form 10-K for our fiscal year ended March 31, 2024. The risks discussed in our Annual Report
on Form 10-K could materially affect our business, financial condition, and future results. The risks described in our Annual Report
on Form 10-K are not the only risks facing us. Additional risks and uncertainties not currently known to us or that we currently deem
to be insignificant also may materially and adversely affect our business, financial condition, or operating results in the future.

34

ITEM
2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

In
October 2024, the Company issued 240,000 shares to its executive officers, in lieu of compensation valued at $132,000 based on the closing
stock price on the issuance date.

In
October 2024, the Company returned 25,000 shares issued to an executive officer for cancellation of shares issued in lieu of compensation
valued at $13,750.

In
October and November 2024, the Company sold 225,000 shares of its common stock to 4 investors for a total amount of $112,500.

In
October and December 2024, the Company issued 85,000 shares of common stock to service providers for consulting services valued at $37,780.

In
December 2024, the Company issued 375,000 shares of common stock to its executive officers for compensation valued at $150,750.

In
December 2024, the Company issued 121,808 shares of common stock to its executive officers as compensation for conversion of accrued
bonuses valued at $50,000.

In
December 2024, the Company issued 162,812 shares of common stock upon the vesting of restricted stock units issued to 3 employees and
6 board members.

All
of the transactions described above were exempt from registration in reliance on Section 4(a)(2) of the Securities Act of 1933, as amended,
as a transaction by an issuer not involving a public offering. The consultants in these transactions represented their intention to acquire
these securities for investment only and not with a view to offer or sell, in connection with any distribution of the securities, and
appropriate legends were affixed to the share certificates and instruments issued in