Company: AOAO
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001493152-25-001624
Chunk: 78

Company: Alpha One Inc.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 78
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 or 66.646%
of outstanding shares.

Review, Approval and Ratification of Related Party Transactions

Given our small size and limited financial resources, we have not adopted formal policies and procedures for the review, approval or ratification of transactions, such as those described above, with our executive officer(s), Director(s) and significant stockholders. We intend to establish formal policies and procedures in the future, once we have sufficient resources and have appointed additional Directors, so that such transactions will be subject to the review, approval or ratification of our Board of Directors, or an appropriate committee thereof. On a moving forward basis, our Directors will continue to approve any related party transaction.

Director Independence

Our board of directors is currently composed of three single members. We do not believe that our directors are independent in accordance with the published listing requirements of the NASDAQ Global Market. The NASDAQ independence definition includes a series of objective tests, such as that the director is not, and has not been for at least three years, one of our employees and that neither the director, nor any of his family members has engaged in various types of business dealings with us. In addition, our board of directors has not made a subjective determination as to each director that no relationships exist which, in the opinion of our board of directors, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director, though such subjective determination is required by the NASDAQ rules. Had our board of directors made these determinations, our board of directors would have reviewed and discussed information provided by the directors and us with regard to each director’s business and personal activities and relationships as they may relate to us and our management.

<div align='center'>EXPENSES OF ISSUANCE AND DISTRIBUTION</div>

The following table sets forth the costs and expenses payable by us in connection with the sale of common stock being registered. All amounts are estimates except for the SEC filing fee.

| SEC filing fee               |     | $ |   3,089 |
| Legal fees and expenses      |     | $ |  25,000 |
| Accounting fees and expenses |     | $ | 210,000 |
| Total                        |     | $ | 238,089 |

<div align='center'>SELLING SHAREHOLDERS</div>

| Name of Selling Shareholders* |     | Beneficial Ownership 
 Before the Offering  |            |     | Shares of Common Stock Included in Prospectus |           |     | Beneficial of Ownership After the Offering |