Company: PETVW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001493152-25-011967
Chunk: 29

Company: PetVivo Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 be granted under
the Amended Plan from 1,000,000 to 3,000,000. Unless sooner terminated by the Board, the Amended Plan will terminate at midnight on July
10, 2030. The number of shares available to grant under the Plan was 1,134,235 at June 30, 2025.

    19

Preferred
Stock

The
certificate of designation of rights and preferences has an optional conversion provision whereby each share of Series A Preferred Stock
shall be convertible at any time at the option of a holder into shares of Common Stock. The Series A Preferred Stock also has an automatic
conversion whereby the preferred shares shall automatically convert into Common Stock upon the one-year anniversary of the issuance of
the Series A Preferred Stock. There are no dividends attached to the Series A Preferred Stock. The Series A Preferred Stock was converted
to Common Stock on July 18, 2025.

On
March 26, 2025, the Company entered into a Subscription Agreement to receive $5,000,000 shares of Series B Preferred Stock. The Company
initially received $600,000 of proceeds on March 26, 2025, with the investor receiving an option to invest the remaining $4,400,000 pursuant
to the same terms and conditions, which was fully received and funded on June 24, 2025.

Series
B Preferred Stock is entitled to receive a specific dividend in an annual amount equal to Ten Percent (10%) of the total amount paid
to secure the Series B Convertible Preferred Stock. The dividend shall be paid to the holder by the Company in quarterly payments of
Common Stock. The amount of shares pursuant to the dividend shall be calculated by dividing the total quarterly dividend payment by the
greater of i) the volume weighted average price of the common stock for the prior trading ten (10) day period from the date the quarterly
dividend is owed, or ii) fifty cents ($0.50). Also, non-cumulative dividends may be paid when, and if declared by the Company’s
board of directors. Total dividends declared at June 30, 2025 and March 31, 2025 were $28,603 and $0, respectively.

Common
Stock

During
the three months ended June 30, 2025, the Company issued 220,657 shares of common stock as follows:

    i)
    60,000 shares, in aggregate, 20,000