Nordicus Partners Corp S-1, filed Dec 10, 2024

Nordicus Partners Corp (NORD)

S-1 2024-12-10

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Delaware		8742		04-3186647
(State or other jurisdiction of incorporation or organization)		(Primary Standard Industrial Classification Code Number)		(I.R.S. Employer Identification No.)

Large accelerated filer	☐	Accelerated filer	☐

Non-accelerated filer	☒	Smaller reporting company	☒

		Emerging growth company	☐

	Page No.
PROSPECTUS SUMMARY	4

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS	8

RISK FACTORS	9

USE OF PROCEEDS	19

MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS	19

SELLING STOCKHOLDERS	20

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	26

BUSINESS	30

MANAGEMENT	31

EXECUTIVE COMPENSATION	34

PRINCIPAL SECURITYHOLDERS	37

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE	39

MARKET PRICE OF AND DIVIDENDS ON OUR COMMON STOCK	40

DESCRIPTION OF SECURITIES	41

INDEMNIFICATION OF OFFICERS AND DIRECTORS	44

SHARES ELIGIBLE FOR FUTURE SALE	44

PLAN OF DISTRIBUTION	45

LEGAL MATTERS	46

EXPERTS	46

WHERE YOU CAN FIND MORE INFORMATION	46

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS	F-1

	●	Reduced disclosure about our executive compensation arrangements;

	●	No non-binding shareholder advisory votes on executive compensation or golden parachute arrangements;

	●	Exemption from the auditor attestation requirement in the assessment of our internal control over financial reporting for smaller reporting companies with a public float of less than $75 million; and

	●	Reduced disclosure of financial information in this prospectus, limited to two years of audited financial information and two years of selected financial information.

Common Stock to be Sold		Up to 16,190,911 shares of our common stock. We will not receive any proceeds from the sale of common stock by the Selling Stockholders.

Common Stock Outstanding		17,188,166 post-split as of December 6, 2024 , not including the 7,000,000 shares of our common stock under our 2024 Stock Incentive Plan (the “2024 Plan”).

Voting Control by Management		Our President and CEO, Henrik Rouf, through his control of Reddington, and AC Nordic, Alteral Therapeutics and GK Partners, three Selling Stockholders, currently have voting control over all matters submitted to our common stockholders, including amendments to our Amended and Restated Certificate of Incorporation (“Certificate of Incorporation”), election of members of our Board of Directors and major corporate transactions.

Use of Proceeds		This is a resale prospectus to register shares of the Selling Stockholders so we will not receive any proceeds from the sale of the shares by the Selling Stockholders.

Dividend Policy		We have never declared any cash dividends on our common stock. We currently intend to retain all available funds and any future earnings for use in financing the growth of our business and do not anticipate paying any cash dividends for the foreseeable future. See “Dividend Policy”.

OTCQB Symbol		NORD

Risk Factors		You should carefully consider the information set forth in this prospectus and, in particular, the specific factors set forth in the “Risk Factors” section beginning on page 9 of this prospectus before deciding whether or not to invest in our common stock that may be sold by the Selling Stockholders.

							Six Months Ended
	Year Ended March 31,						September 30, (Unaudited)
	2024			2023			2024			2023
Statement of operations data:
Revenue	$	2,500			—		$	2,500			—
Operating expenses		310,088			8,479,889			768,064			148,470
Loss from operations		(307,588	)		(8,479,889	)		(765,564	)		(148,470	)
Interest expense		—			(382	)		(1	)		—
Other Income (Loss)		9,386			8,055			(1	)		9,384
Income tax provision		—			—			—			—
Net loss	$	(298,202	)		(8,472,216	)	$	(765,565	)		(139,086	)
Loss per common share	$	(0.03	)		(1.43	)	$	(0.19	)		(0.14	)

	March 31,				September 30, (Unaudited)
	2024		2023		2024
Balance sheet data:
Cash	$	49,933		7,149	$	46,131
Total assets	$	1,807,573		55,025	$	20,785,208
Current liabilities	$	26,405		27,367	$	152,868
Total liabilities	$	26,405		27,367	$	152,868

							Six Months Ended
	Years Ended March 31,						September 30, (Unaudited)
	2024			2023			2024			2023
Cash flows data:
Net cash used in operating activities	$	(258,928	)	$	(368,347	)	$	(599,871	)	$	(100,136	)
Net cash provided by investing activities		—			—			132,198			—
Net cash provided by financing activities		305,225			128,886			447,330			106,924
Net change in cash	$	46,297		$	(239,461	)	$	(20,343	)	$	6,788

	●	The Company’s ability to obtain additional financing and the terms thereof;
	●	The Company’s financial position and results of operations;
	●	Any litigation against the Company;
	●	Possible regulatory requirements on the Company’s business;
	●	The issuance of new debt or equity securities pursuant to a future offering;
	●	Competitive developments;
	●	Variations and fluctuations in the Company’s operating results;
	●	Change in financial estimates by securities analysts;
	●	The depth and liquidity of the market for the Company’s common stock;
	●	Investor perceptions of the Company; and
	●	General economic and business conditions.

	●	acquisition of potential customers;
	●	maintain and expand customer relationships once established;
	●	raise capital at attractive costs, or at all;
	●	respond effectively to competition and potential negative effects of competition on profit margins;

	●	attract and retain qualified management, employees and independent service providers; and
	●	respond to government regulations relating to the Internet, personal data protection, email, software technologies and other aspects of our business.

	●	actual or anticipated fluctuations in operating results;

	●	failure to meet or exceed financial estimates and projections of the investment community or that we provide to the public;

	●	issuance of new or updated research or reports by securities analysts or changed recommendations for the industry in general;

	●	announcements of significant acquisitions, strategic partnerships, joint ventures, collaborations or capital commitments;

	●	operating and share price performance of other companies in the industry or related markets;

	●	the timing and magnitude of investments in the growth of our business;

	●	actual or anticipated changes in laws and regulations;

	●	additions or departures of key management or other personnel;

	●	increased labor costs;

	●	disputes or other developments related to intellectual property or other proprietary rights, including litigation;

	●	the ability to market new and enhanced solutions on a timely basis;

	●	sales of substantial amounts of our common stock by the Board, executive officers or significant stockholders or the perception that such sales could occur;

	●	changes in capital structure, including future issuances of securities or the incurrence of debt; and

	●	general economic, political and market conditions.

Selling Shareholder	Number of Shares of Common Stock Beneficially Owned Prior to Offering⁽¹⁾		Maximum Number of Shares of Common Stock to be Sold Pursuant to This Prospectus		Number of Shares of Common Stock Beneficially Owned After Offering⁽²⁾		Percentage of Common Stock Owned After the Offering⁽²⁾
1POINT ApS⁽³⁾		47,088		47,088		0		0	%
ABCHill Holding ApS⁽⁴⁾		903,829		903,829		0		0	%
AC Nordic ApS⁽⁵⁾		3,143,198		3,143,198		0		0	%
AHC HOLDING ApS⁽⁶⁾		118,065		118,065		0		0	%
AK HOLDING GILLELEJE ApS⁽⁷⁾		3,023		3,023		0		0	%
Albert Emil Kristensen⁽⁸⁾		806		806		0		0	%
ALLU INVEST ApS⁽⁹⁾		1,411		1,411		0		0	%
Alteral Therapeutics ApS⁽¹⁰⁾		5,296,131		5,296,131		0		0	%
Amanda Moltke-Leth⁽¹¹⁾		8,062		8,062		0		0	%
Andersen Ejendomme 2016 ApS⁽¹²⁾		3,769		3,769		0		0	%
Anette Kristensen & Lars Kristensen⁽¹³⁾		1,008		1,008		0		0	%
Anne Helle⁽¹⁴⁾		40,309		40,309		0		0	%
Anni Soegaard⁽¹⁵⁾		1,411		1,411		0		0	%
AP Holding Haarlev ApS⁽¹⁶⁾		74,651		74,651		0		0	%
Asger Fredslund Holding ApS⁽¹⁷⁾		18,925		18,925		0		0	%
Aske Soegaard Andersen⁽¹⁸⁾		1,411		1,411		0		0	%
BACH HOLDING. HASLEV ApS⁽¹⁹⁾		13,786		13,786		0		0	%
Bell ApS⁽²⁰⁾		3,910		3,910		0		0	%
Birthe Bülow Petersen⁽²¹⁾		11,528		11,528		0		0	%
Birthe Olsen Jensen⁽²²⁾		30,836		30,836		0		0	%
Bjarne Christian Leth Hansen⁽²³⁾		4,031		4,031		0		0	%
BLOMSTERBARN AF 2004 ApS⁽²⁴⁾		83,440		83,440		0		0	%
BOET efter Kjeld Moltke-Leth⁽²⁵⁾		6,046		6,046		0		0	%
Brian Solvig Stenberg⁽²⁶⁾		28,821		28,821		0		0	%
Carsten Frandsen⁽²⁷⁾		30,071		30,071		0		0	%
Charlotte Eriksen Holding ApS⁽²⁸⁾		9,170		9,170		0		0	%
Claus Boegh Mortensen⁽²⁹⁾		6,550		6,550		0		0	%
Claus Lund Jensen⁽³⁰⁾		1,411		1,411		0		0	%
Claus Pitzner⁽³¹⁾		74,572		74,572		0		0	%
DanMadsen ApS⁽³²⁾		87,833		87,833		0		0	%
Danning ApS⁽³³⁾		28,821		28,821		0		0	%
DFM HOLDING 2009 ApS⁽³⁴⁾		3,628		3,628		0		0	%
DOIL Ejendomme ApS⁽³⁵⁾		94,726		94,726		0		0	%
Dressed4ourSports.dk⁽³⁶⁾		1,411		1,411		0		0	%
ENGAGE GROUP ApS⁽³⁷⁾		3,527		3,527		0		0	%
Erling Hansen Holding ApS⁽³⁸⁾		42,324		42,324		0		0	%
F.F INVEST A/S⁽³⁹⁾		17,010		17,010		0		0	%
FILISA HOLDING ApS⁽⁴⁰⁾		2,922		2,922		0		0	%
Finn Christian Iversen⁽⁴¹⁾		1,612		1,612		0		0	%
Flemming Kaare Rasmussen⁽⁴²⁾		51,858		51,858		0		0	%
Freddy Christensen⁽⁴³⁾		4,777		4,777		0		0	%
FSMT Holding ApS⁽⁴⁴⁾		7,054		7,054		0		0	%
FTBH HOLDING ApS⁽⁴⁵⁾		1,411		1,411		0		0	%
G & L Holding Skive ApS⁽⁴⁶⁾		1,411		1,411		0		0	%
Gert D. Schmidt⁽⁴⁷⁾		24,750		24,750		0		0	%
GK Partners ApS⁽⁴⁸⁾		3,220,064		3,220,064		0		0	%
H. GRAGE HOLDING ApS⁽⁴⁹⁾		5,160		5,160		0		0	%
Hans Joergen Hansen⁽⁵⁰⁾		92,618		92,618		0		0	%
Hans Kristian Asmussen⁽⁵¹⁾		1,411		1,411		0		0	%
HARFU ApS⁽⁵²⁾		30,232		30,232		0		0	%
Hauerberg Holding ApS⁽⁵³⁾		208,841		208,841		0		0	%
HBH INVEST ApS⁽⁵⁴⁾		8,062		8,062		0		0	%
HELLE INVEST ApS⁽⁵⁵⁾		24,185		24,185		0		0	%
Henrik Blom Nielsen⁽⁵⁶⁾		28,821		28,821		0		0	%
HOLCK HOLDING ApS⁽⁵⁷⁾		1,612		1,612		0		0	%
Hoennerup Invest Holding ApS⁽⁵⁸⁾		3,023		3,023		0		0	%
J. Madsen Entreprise⁽⁵⁹⁾		1,633		1,633		0		0	%
J.H.A. - RATIONALISERING ApS⁽⁶⁰⁾		2,701		2,701		0		0	%
Jan Andreasen⁽⁶¹⁾		7,518		7,518		0		0	%
Jan Kaihoej Soee⁽⁶²⁾		11,528		11,528		0		0	%
Jan Peters⁽⁶³⁾		2,822		2,822		0		0	%
JC GRUPPEN ApS⁽⁶⁴⁾		4,031		4,031		0		0	%
Jesper Pasler⁽⁶⁵⁾		2,822		2,822		0		0	%
JJTA Holding II ApS⁽⁶⁶⁾		132,415		132,415		0		0	%
JM Holding af 11. Juni 2008 ApS⁽⁶⁷⁾		2,882		2,882		0		0	%
Johannes Holt⁽⁶⁸⁾		9,211		9,211		0		0	%
John Gerhard Jensen⁽⁶⁹⁾		3,708		3,708		0		0	%
John Rishoej Pedersen⁽⁷⁰⁾		5,039		5,039		0		0	%
John Soerensen⁽⁷¹⁾		6,308		6,308		0		0	%
John Vestergaard⁽⁷²⁾		12,093		12,093		0		0	%
Johnny Keller⁽⁷³⁾		6,147		6,147		0		0	%
Johnny Kenneth Petersen⁽⁷⁴⁾		60,464		60,464		0		0	%
Joergen Kirkegaard⁽⁷⁵⁾		7,054		7,054		0		0	%
Joern H. Jensen⁽⁷⁶⁾		4,595		4,595		0		0	%
Karen Lund⁽⁷⁷⁾		6,953		6,953		0		0	%
Karl Adler Oestergaard⁽⁷⁸⁾		47,907		47,907		0		0	%
Karsten H. Nielsen⁽⁷⁹⁾		3,527		3,527		0		0	%
Karsten Juul Kristensen⁽⁸⁰⁾		18,925		18,925		0		0	%
Kijola Finans ApS⁽⁸¹⁾		20,155		20,155		0		0	%
Kim Schiellerup Pedersen⁽⁸²⁾		7,437		7,437		0		0	%
Kim Oestergaard⁽⁸³⁾		12,294		12,294		0		0	%
KIMP HOLDING ApS⁽⁸⁴⁾		74,651		74,651		0		0	%
Knudsen Service ApS⁽⁸⁵⁾		4,898		4,898		0		0	%
KRUME HOLDING ApS⁽⁸⁶⁾		7,054		7,054		0		0	%
KTM ApS⁽⁸⁷⁾		64,971		64,971		0		0	%
Kurt Frisk Rasmussen⁽⁸⁸⁾		4,232		4,232		0		0	%
LAMBRECHT BOLIG PARTNER ApS⁽⁸⁹⁾		14,350		14,350		0		0	%
Lars Christensen⁽⁹⁰⁾		8,465		8,465		0		0	%
Lasse-P ApS⁽⁹¹⁾		40,309		40,309		0		0	%
LAUR DALMOSE HOLDING ApS⁽⁹²⁾		2,116		2,116		0		0	%
Lise Theil⁽⁹³⁾		33,658		33,658		0		0	%
LORENTZEN ApS⁽⁹⁴⁾		5,643		5,643		0		0	%
LAESSOE HOLDING, OEDSTED ApS⁽⁹⁵⁾		2,015		2,015		0		0	%
Mads Johansen Drost⁽⁹⁶⁾		20,155		20,155		0		0	%
Mads Lyder Soegaard Andersen⁽⁹⁷⁾		1,411		1,411		0		0	%
Malene Frausing Weis⁽⁹⁸⁾		57,642		57,642		0		0	%
Marc Ropen⁽⁹⁹⁾		40,914		40,914		0		0	%
Maria Vesterholm⁽¹⁰⁰⁾		8,364		8,364		0		0	%
Martin Larsen⁽¹⁰¹⁾		11,992		11,992		0		0	%
Martin Sass Thage-Joergensen⁽¹⁰²⁾		2,015		2,015		0		0	%
Michael Brokholm Henriksen⁽¹⁰³⁾		7,054		7,054		0		0	%
Misfeldt Holding ApS⁽¹⁰⁴⁾		64,971		64,971		0		0	%
Mogens Juul Sass-Petersen⁽¹⁰⁵⁾		504		504		0		0	%
MSVD HOLDING ApS⁽¹⁰⁶⁾		30,232		30,232		0		0	%
NOV Invest ApS⁽¹⁰⁷⁾		23,057		23,057		0		0	%
OFF HOURS ApS⁽¹⁰⁸⁾		201,545		201,545		0		0	%
Ole Lund 56 ApS⁽¹⁰⁹⁾		40,309		40,309		0		0	%
Orla Mathiasen⁽¹¹⁰⁾		10,621		10,621		0		0	%
P. L. Holding ApS⁽¹¹¹⁾		28,821		28,821		0		0	%
Per Markussen⁽¹¹²⁾		111,326		111,326		0		0	%
Peter Hassing⁽¹¹³⁾		4,232		4,232		0		0	%
Peter Rimfort⁽¹¹⁴⁾		40,349		40,349		0		0	%
PHARMA HOLDING ApS⁽¹¹⁵⁾		91,401		91,401		0		0	%
PIHL HOLDING ApS⁽¹¹⁶⁾		5,744		5,744		0		0	%
PIRCHERT OPTIK. RIBE. ApS⁽¹¹⁷⁾		3,023		3,023		0		0	%
Poul Anker Byrnak⁽¹¹⁸⁾		6,490		6,490		0		0	%
Poul Erik Larsen⁽¹¹⁹⁾		1,008		1,008		0		0	%
Ramme Holding ApS⁽¹²⁰⁾		46,114		46,114		0		0	%
RASCON. ApS⁽¹²¹⁾		20,155		20,155		0		0	%
Ringsted Energi & Montage ApS⁽¹²²⁾		1,451		1,451		0		0	%
Ross Energy Holding ApS⁽¹²³⁾		2,298		2,298		0		0	%
Sabine Camilla Jensen⁽¹²⁴⁾		10,077		10,077		0		0	%
Sandra Pihl Schmidt⁽¹²⁵⁾		10,077		10,077		0		0	%
Sara Schmidt⁽¹²⁶⁾		10,077		10,077		0		0	%
SILCOFA ApS⁽¹²⁷⁾		69,714		69,714		0		0	%
SMJ Rolf Holding ApS⁽¹²⁸⁾		9,553		9,553		0		0	%
SOEGAARDEN HOLDING ApS⁽¹²⁹⁾		28,922		28,922		0		0	%
SONNY RASMUSSEN CONSULTING ApS⁽¹³⁰⁾		40,914		40,914		0		0	%
STEEN HANSEN HOLDING A/S⁽¹³¹⁾		8,062		8,062		0		0	%
Stephanie Pitzner⁽¹³²⁾		2,862		2,862		0		0	%
STOCKADE HOLDING ApS⁽¹³³⁾		29,603		29,603		0		0	%
SOEBORG EL ApS⁽¹³⁴⁾		29,063		29,063		0		0	%
Soeren Svendsen⁽¹⁵⁵⁾		806		806		0		0	%
T. HOUGAARD HOLDING ApS⁽¹³⁶⁾		5,744		5,744		0		0	%
Tage Barslund Pedersen⁽¹³⁷⁾		1,008		1,008		0		0	%
TH VEJLE HOLDING ApS⁽¹³⁸⁾		1,411		1,411		0		0	%
Theis Gottorp Wittendorff⁽¹³⁹⁾		28,821		28,821		0		0	%
THYKJAER CONSULT ApS⁽¹⁴⁰⁾		2,922		2,922		0		0	%
Tim Hougaard Rasmussen⁽¹⁴¹⁾		5,744		5,744		0		0	%
Tinenaja Emma Kierulf Holm⁽¹⁴²⁾		1,955		1,955		0		0	%
TKClinic ApS⁽¹⁴³⁾		3,225		3,225		0		0	%
Vibecke Moeller⁽¹⁴⁴⁾		625		625		0		0	%
Vivian Lindum⁽¹⁴⁵⁾		504		504		0		0	%
WAKAS INVEST ApS⁽¹⁴⁶⁾		2,298		2,298		0		0	%
JE Pitzner Holding ApS⁽¹⁴⁷⁾		226,586		226,586		0		0	%
Kvalheim Holding ApS⁽¹⁴⁸⁾		18,075		18,075		0		0	%
CSLPL Holding 2019 ApS⁽¹⁴⁹⁾		72,299		72,299		0		0	%
Rushi Shah⁽¹⁵⁰⁾		10,000		10,000		0		0	%
Charles Schwab & Co CUST FBO Mark N. Katz,⁽¹⁵¹⁾		2,500		2,500		0		0	%
Reddington Partners LLC⁽¹⁵²⁾		45,362		45,362		0		0	%

(3)	Brian Bo Pedersen makes investment decisions for 1POINT ApS. The address of 1POINT ApS is Kvaernbaek 28 Horsens Denmark DK-8700.
(4)	Christian Torben Hill-Madsen makes investment decisions for ABCHill Holding ApS. The address of ABCHill Holding ApS is Mesterlodden 3A, 1. Gentofte Denmark DK-2820.
(5)	Torben Steen Jensen makes investment decisions for AC Nordic ApS. The address of AC Nordic ApS is Dyrehavevej 3B Klampenborg Denmark DK-2930.
(6)	Alan Hald Lionett makes investment decisions for AHC HOLDING ApS. The address of AHC HOLDING ApS is Raamosevej 34 Ballerup Denmark DK-2750.
(7)	Alexander Sennov Hee Klitgaard makes investment decisions for AK HOLDING GILLELEJE ApS. The address of AK HOLDING GILLELEJE ApS is Nordre Strandvej 4, 1. Gilleleje Denmark DK-3250.
(8)	The address of Albert Emil Kristensen is Lundtoftevej 270C Kongens Lyngby Denmark DK-2800.
(9)	Ulla Asmussen makes investment decisions for ALLU INVEST ApS. The address of ALLU INVEST ApS is Kirkebakkevej 48 Munke Bjergby Denmark DK-4190.
(10)	Allan Traugott Wehnert makes investment decisions for Alteral Therapeutics ApS. The address of Alteral Therapeutics ApS is Dyrehavevej 3B Klampenborg Denmark DK-2930.
(11)	The address of Amanda Moltke-Leth is Phistersvej 24, 3tv Hellerup Denmark DK-2900.
(12)	Peter Andersen makes investment decisions for Andersen Ejendomme 2016 ApS. The address of Andersen Ejendomme 2016 ApS is Oehlenschlaegersgade 15B, 2. Slagelse Denmark DK-4200.
(13)	The address of Anette Kristensen & Lars Kristensen is Soendre Strandvej 18 Helsingoer Denmark DK-3000.
(14)	The address of Anne Helle is Ved Gaerdet 11, Saeby Hoeng Denmark DK-4270.
(15)	The address of Anni Soegaard is Hesselvej 41 Stenloese Denmark DK-3660.
(16)	Anders Erland Pedersen makes investment decisions for AP Holding Haarlev ApS. The address of AP Holding Haarlev ApS is Haandvaerkervej 10 Haarlev Denmark DK-4652.
(17)	Asger Fredslund Pedersen makes investment decisions for Asger Fredslund Holding ApS. The address of Asger Fredslund Holding ApS is Thorvaldsensvej 9 3. th Frederiksberg C Denmark DK-1871.
(18)	The address of Aske Soegaard Andersen is Tingmosen 5 Vaerloese Denmark DK-3500.
(19)	Lars Bach Olsen makes investment decisions for BACH HOLDING. HASLEV ApS. The address of BACH HOLDING. HASLEV ApS is Foerslev Tuerum 4 Haslev Denmark DK-4690.
(20)	Peer Lejsberg Bell makes investment decisions for Bell ApS. The address of Bell ApS is Snekkerupvej 14, Snekkerup Slagelse Denmark DK-4200.
(21)	The address of Birthe Bülow Petersen is Slagteristraede 21 st. th. Roskilde Denmark DK-4000.
(22)	The address of Birthe Olsen Jensen is Svingkaervej 10 Tappernoeje Denmark DK-4733.
(23)	The address of Bjarne Christian Leth Hansen is Hoejdevej 2, 1. Frederikssund Denmark DK-3600.
(24)	Lars Roensholt makes investment decisions for BLOMSTERBARN AF 2004 ApS. The address of BLOMSTERBARN AF 2004 ApS is Ved Dammen 19 Bagsvaerd Denmark DK-2880.
(25)	The address of BOET efter Kjeld Moltke-Leth is Nerievej 9 Hellerup Denmark DK-2900.
(26)	The address of Brian Solvig Stenberg is Rundforbiparken 4 b, st. tv. Naerum Denmark DK-2850.
(27)	The address of Carsten Frandsen is Buen 17 Frederiksberg Denmark DK-2000.
(28)	Charlotte Blixenkrone Henriksen makes investment decisions for Charlotte Eriksen Holding ApS. The address of Charlotte Eriksen Holding ApS is Rustkammervej 80 Soroe Denmark DK-4180.
(29)	The address of Claus Boegh Mortensen is Stensballe Strandvej 108 Horsens Denmark DK-8700.
(30)	The address of Claus Lund Jensen is Mejsevej 34 Glumsoe Denmark DK-4171.
(31)	The address of Claus Pitzner is House no. 379/39 under Ward no. 15 Kathmandu Metropolitan City Nepal.
(32)	Dan Holm Madsen makes investment decisions for DanMadsen ApS. The address of DanMadsen ApS is Oesttoften 20 Jyllinge Denmark DK-4040.
(33)	Jeppe Danning makes investment decisions for Danning ApS. The address of Danning ApS is Ganloesevej 38 Farum Denmark DK-3520.
(34)	Dennis Feldborg Mortensen makes investment decisions for DFM HOLDING 2009 ApS. The address of DFM HOLDING 2009 ApS is Langdyssevej 14, Gundsoemagle Roskilde Denmark DK-4000.
(35)	Casper Doil makes investment decisions for DOIL Ejendomme ApS. The address of DOIL Ejendomme ApS is Mesterlodden 29 Gentofte Denmark DK-2820.
(36)	Thomas Hansen makes investment decisions for Dressed4ourSports.dk. The address of Dressed4ourSports.dk is Hestebjergsvangen 8 Soroe Denmark DK-4180.
(37)	Morten Groen makes investment decisions for ENGAGE GROUP ApS. The address of ENGAGE GROUP ApS is Frisersvej 16 Charlottenlund Denmark DK-2920.
(38)	Erling Hoej Hansen makes investment decisions for Erling Hansen Holding ApS. The address of Erling Hansen Holding ApS is Snedkervej 14 Esbjerg V Denmark DK-6710.
(39)	Flemming Frederiksen makes investment decisions for F.F INVEST A/S. The address of F.F INVEST A/S is Kajeroed Vaenge 31 Birkeroed Denmark DK-3460.
(40)	Jens Kierulf Knudsen makes investment decisions for FILISA HOLDING ApS. The address of FILISA HOLDING ApS is Pirolvaenget 5 Solroed Strand Denmark DK-2680.
(41)	The address of Finn Christian Iversen is Hasselholtvej 10 Vinderup Denmark DK-7830.
(42)	The address of Flemming Kaare Rasmussen is Jagtvej 215B, 7. 1 Copenhagen Denmark DK-2100.

(43)	The address of Freddy Christensen is Vadum Kirkevej 63 Vadum Denmark DK-9430.
(44)	Flemming Schmidt makes investment decisions for FSMT Holding ApS. The address of FSMT Holding ApS is Oesterkobbel 27 Augustenborg Denmark DK-6440.
(45)	Franz Michael Birch Hansen makes investment decisions for FTBH HOLDING ApS. The address of FTBH HOLDING ApS is Rugmarken 37, Postboks 188 Farum Denmark DK-3520.
(46)	Vilhelm Gjerulff & Kim Skoett Lassen makes investment decisions for G & L Holding Skive ApS. The address of G & L Holding Skive ApS is Oestergaardsvej 1, Dommerby Hoejslev Denmark DK-7840.
(47)	The address of Gert D. Schmidt is Kragholmvej 11 Rudkoebing Denmark DK-5900.
(48)	Tom Glaesner Larsen makes investment decisions for GK Partners ApS. The address of GK Partners ApS is Dyrehavevej 3B Klampenborg Denmark DK-2930.
(49)	Henrik Grage makes investment decisions for H. GRAGE HOLDING ApS. The address of H. GRAGE HOLDING ApS is Industriholmen 21 Hvidovre Denmark DK-2650.
(50)	The address of Hans Joergen Hansen is Ladhavevej 9 Roedby Denmark DK-4970.
(51)	The address of Hans Kristian Asmussen is Kirkebakkevej 48 Munke Bjergby Denmark DK-4190.
(52)	Rasmus Strange Petersen makes investment decisions for HARFU ApS. The address of HARFU ApS is Leifsgade 9, 5. th Copenhagen Denmark DK-2300.
(53)	Jytte Trine Hauerberg makes investment decisions for Hauerberg Holding ApS. The address of Hauerberg Holding ApS is Villingebaekvej 73, Horneby Faelled Hornbaek Denmark DK-3100.
(54)	Hans Bonde Hansen makes investment decisions for HBH INVEST ApS. The address of HBH INVEST ApS is Nr Vedbyvej 12 Noerre Alslev Denmark DK-4840.
(55)	Anne Helle makes investment decisions for HELLE INVEST ApS. The address of HELLE INVEST ApS is Ved Gaerdet 11, Saeby Hoeng Denmark DK-4270.
(56)	The address of Henrik Blom Nielsen is P S Kroeyersvej 4 Hornbaek Denmark DK-3100.
(57)	Kim Andre’ Holk Hansen makes investment decisions for HOLCK HOLDING ApS. The address of HOLCK HOLDING ApS is Ryvejen 27A, Mesing Skanderborg Denmark DK-8660.
(58)	Mogens Hoennerup Nielsen makes investment decisions for Hoennerup Invest Holding ApS. The address of Hoennerup Invest Holding ApS is Stavadgyden 78, Gammel Korup Odense NV Denmark DK-5210.
(59)	Jakob Madsen makes investment decisions for J. Madsen Entreprise. The address of J. Madsen Entreprise is Islandsgade 4 Haslev Denmark DK-4690.
(60)	John Bygballe Haven Andersen makes investment decisions for J.H.A. - RATIONALISERING ApS. The address of J.H.A. - RATIONALISERING ApS is Hovgaardvej 11, Sahl Vinderup Denmark DK-7830.
(61)	The address of Jan Andreasen is Maagevej 35 Herning Denmark DK-7400.
(62)	The address of Jan Kaihoej Soee is Nyelandsvej 10, 5. Frederiksberg Denmark DK-2000.
(63)	The address of Jan Peters is Strandvejen 22 Kolding Denmark DK-6000.
(64)	Joergen Myhlendorph Nielsen & Carsten Soerensen makes investment decisions for JC GRUPPEN ApS. The address of JC GRUPPEN ApS is Batzkes Bakke 21 a Hilleroed Denmark DK-3400.
(65)	The address of Jesper Pasler is Marievej 9 Solroed Strand Denmark DK-2680.
(66)	Jan Daugaard Peters makes investment decisions for JJTA Holding II ApS. The address of JJTA Holding II ApS is Strandvejen 22 Kolding Denmark DK-6000.
(67)	Jens Mark makes investment decisions for JM Holding af 11. Juni 2008 ApS. The address of JM Holding af 11. Juni 2008 ApS is Skipper Clements Alle 7, 1 Copenhagen Denmark DK-2300.
(68)	The address of Johannes Holt is Hammervej 50 Naestved Denmark DK-4700.
(69)	The address of John Gerhard Jensen is Rugtvedvej 43, Forsinge Jerslev Sjaelland Denmark DK-4490.
(70)	The address of John Rishoej Pedersen is Martin Vahls Vej 27, 3 Aarhus C Denmark DK-8000.

(71)	The address of John Soerensen is Mosevej 20 Engesvang Denmark DK-7442.
(72)	The address of John Vestergaard is Marstalsvejen 39, Omme Marstal Denmark DK-5960.
(73)	The address of Johnny Keller is Soeholm 28 Soroe Denmark DK-4180.
(74)	The address of Johnny Kenneth Petersen is Lyngbakken 35 Faarevejle Denmark DK-4540.
(75)	The address of Joergen Kirkegaard is Egelykkevej 5, Nordenskov Varde Denmark DK-6800.
(76)	The address of Joern H. Jensen is Havrebjergvej 2 Naestved Denmark DK-4700.
(77)	The address of Karen Lund is Soeskovvej 40b Soroe Denmark DK-4180.
(78)	The address of Karl Adler Oestergaard is Knudedybet 12 Esbjerg Denmark DK-6700.
(79)	The address of Karsten H. Nielsen is Hedebakken 77 Viborg Denmark DK-8800.
(80)	The address of Karsten Juul Kristensen is Langtoften 51 Herning Denmark DK-7400.
(81)	Henning Broegger Obsen makes investment decisions for Kijola Finans ApS. The address of Kijola Finans ApS is Jernbanevej 9, st. th Kalundborg Denmark DK-4400.
(82)	The address of Kim Schiellerup Pedersen is Mylius Erichsensvej 32 A Aalborg Denmark DK-9210.
(83)	The address of Kim Oestergaard is Nyhusvej 7, Oerslev Ringsted Denmark DK-4100.
(84)	Kim Pedersen makes investment decisions for KIMP HOLDING ApS. The address of KIMP HOLDING ApS is Brunevang 8 Broenshoej Denmark DK-2700.
(85)	Ulrik Nyborg Knudsen makes investment decisions for Knudsen Service ApS. The address of Knudsen Service ApS is Boegelundsvej 36 Randers SV Denmark DK-8940.
(86)	Andrej Krume makes investment decisions for KRUME HOLDING ApS. The address of KRUME HOLDING ApS is Bregneroedvej 153B Birkeroed Denmark DK-3460.
(87)	Kim Takata Mücke makes investment decisions for KTM ApS. The address of KTM ApS is Oesterbrogade 110, 3. Copenhagen Denmark DK-2100.
(88)	The address of Kurt Frisk Rasmussen is Svaneparken 48 Galten Denmark DK-8464.
(89)	Anders Lambrecht Jensen makes investment decisions for LAMBRECHT BOLIG PARTNER ApS. The address of LAMBRECHT BOLIG PARTNER ApS is Rosenvaenget 5 Vordingborg Denmark DK-4760.
(90)	The address of Lars Christensen is Bispevaenget 2 Eskildstrup Denmark DK-4863.
(91)	Lasse Holmgaard Pedersen makes investment decisions for Lasse-P ApS. The address of Lasse-P ApS is Ringmarken 14 Haarlev Denmark DK-4652.
(92)	Henrik Laursen makes investment decisions for LAUR DALMOSE HOLDING ApS. The address of LAUR DALMOSE HOLDING ApS is Udsigten 15, Pedersborg Soroe Denmark DK-4180.
(93)	The address of Lise Theil is Ladhavevej 9 Roedby Denmark DK-4970.
(94)	Heinz Kvottrup Lorentzen makes investment decisions for LORENTZEN ApS. The address of LORENTZEN ApS is Vestergade 72, Purhus Faarup Denmark DK-8990.
(95)	Leo Peder Nielsen makes investment decisions for LAESSOE HOLDING, OEDSTED ApS. The address of LAESSOE HOLDING, OEDSTED ApS is Birke Alle 24, Oedsted Vejle Denmark DK-7100.
(96)	The address of Mads Johansen Drost is Herslevvej 39 Rudkoebing Denmark DK-5900.
(97)	The address of Mads Lyder Soegaard Andersen is Tingmosen 5 Vaerloese Denmark DK-3500.
(98)	The address of Malene Frausing Weis is Perlestensvej 6 Tune Denmark DK-4030.
(99)	The address of Marc Ropen is Thors Vaenge 8 A Ishoej Denmark DK-2635.
(100)	The address of Maria Vesterholm is Villa Gallinavej 8 Haslev Denmark DK-4690.
(101)	The address of Martin Larsen is Bramslykkevej 3, 1.tv Valby Denmark DK-2500.
(102)	The address of Martin Sass Thage-Joergensen is Bel Colles Alle 8a Rungsted Kyst Denmark DK-2960.
(103)	The address of Michael Brokholm Henriksen is Kattingevej 4 Roskilde Denmark DK-4000.
(104)	Sonja Misfeldt Hansen makes investment decisions for Misfeldt Holding ApS. The address of Misfeldt Holding ApS is Bistrup Park 29 Birkeroed Denmark DK-3460.
(105)	The address of Mogens Juul Sass-Petersen is Pomosavej 16 Odense N Denmark DK-5270.
(106)	Mads Ulrich Volstrup makes investment decisions for MSVD HOLDING ApS. The address of MSVD HOLDING ApS is Gl. Vindingevej 638 Nyborg Denmark DK-5800.
(107)	Brian Solvig Stenberg makes investment decisions for NOV Invest ApS. The address of NOV Invest ApS is Rundforbiparken 4B st. tv. Naerum Denmark DK-2850.
(108)	William Steen Jensen makes investment decisions for OFF HOURS ApS. The address of OFF HOURS ApS is Allegade 13 Frederiksberg Denmark DK-2000.
(109)	Ole Lund makes investment decisions for Ole Lund 56 ApS. The address of Ole Lund 56 ApS is Messingvaenget 5 Haarlev Denmark DK-4652.
(110)	The address of Orla Mathiasen is Vestvej 72 Vodskov Denmark DK-9310.
(111)	Lasse Hardenberg makes investment decisions for P. L. Holding ApS. The address of P. L. Holding ApS is Kvinderupvej 2 Slangerup Denmark DK-3550.

(112)	The address of Per Markussen is Stjerneborg Allé 8 Dyssegaard Denmark DK-2870.
(113)	The address of Peter Hassing is Esrum Hovedgade 8 Graested Denmark DK-3230.
(114)	The address of Peter Rimfort is Lyoevej 28, 3. tv. Frederiksberg Denmark DK-2000.
(115)	Anni Soegaard makes investment decisions for PHARMA HOLDING ApS. The address of PHARMA HOLDING ApS is Maaloev Byvej 229 Maaloev Denmark DK-2760.
(116)	Claus Kinnerup Urban Pihl makes investment decisions for PIHL HOLDING ApS. The address of PIHL HOLDING ApS is Thorskilden 13, Benloese Ringsted Denmark DK-4100.
(117)	Soeren Wilhelm Pirchert makes investment decisions for PIRCHERT OPTIK. RIBE. ApS. The address of PIRCHERT OPTIK. RIBE. ApS is Krabbes Alle 22 Ribe Denmark DK-6760.
(118)	Poul Anker Byrnak makes investment decisions for Poul Anker Byrnak. The address of Poul Anker Byrnak is Broby Overdrev 18 Soroe Denmark DK-4180.
(119)	The address of Poul Erik Larsen is Nordvangen 4 Sindal Denmark DK-9870.
(120)	Ronnie Hoejland Boel makes investment decisions for Ramme Holding ApS. The address of Ramme Holding ApS is Belvederekaj 20, 6. tv Copenhagen Denmark DK-2450.
(121)	Morten Rasmussen makes investment decisions for RASCON. ApS. The address of RASCON. ApS is Ragnesminde Allé 30 Broendby Denmark DK-2605.
(122)	Kim Oestergaard makes investment decisions for Ringsted Energi & Montage ApS. The address of Ringsted Energi & Montage ApS is Nyhusvej 7, Oerslev Ringsted Denmark DK-4100.
(123)	Lars Andersen & Claus Steffensen Pedersen makes investment decisions for Ross Energy Holding ApS. The address of Ross Energy Holding ApS is Klosterengen 24 Roskilde Denmark DK-4000.
(124)	The address of Sabine Camilla Jensen is Herslevvej 39 Rudkoebing Denmark DK-5900.
(125)	The address of Sandra Pihl Schmidt is Soendre Landevej 34 Rudkoebing Denmark DK-5900.
(126)	The address of Sara Schmidt is Ormstrupvej 10 Humble Denmark DK-5932.
(127)	Lars Monberg makes investment decisions for SILCOFA ApS. The address of SILCOFA ApS is Stamholmen 193E Hvidovre Denmark DK-2650.
(128)	Soeren Rolf Hansen makes investment decisions for SMJ Rolf Holding ApS. The address of SMJ Rolf Holding ApS is Islandsgade 6 Haslev Denmark DK-4690.
(129)	John Christian Riis makes investment decisions for SOEGAARDEN HOLDING ApS. The address of SOEGAARDEN HOLDING ApS is Orevej 11 Stenloese Denmark DK-3660.
(130)	Sonny Henry Rasmussen makes investment decisions for SONNY RASMUSSEN CONSULTING ApS. The address of SONNY RASMUSSEN CONSULTING ApS is Norgesvej 6B Kongens Lyngby Denmark DK-2800.
(131)	Steen Henrik Hansen makes investment decisions for STEEN HANSEN HOLDING A/S. The address of STEEN HANSEN HOLDING A/S is Galoevej 6 Toelloese Denmark DK-4340.
(132)	The address of Stephanie Pitzner is Valdemarsgade 1A, 4. tv Copenhagen Denmark DK-1665.
(133)	Claus Veirup makes investment decisions for STOCKADE HOLDING ApS. The address of STOCKADE HOLDING ApS is Koellegaardsvej 54 Herlev Denmark DK-2730.
(134)	Peter Skjellerup Schultz-Jensen makes investment decisions for SOEBORG EL ApS. The address of SOEBORG EL ApS is Sydtoftevej 4 Soeborg Denmark DK-2860.
(135)	The address of Soeren Svendsen is Faardalssvinget 4 Silkeborg Denmark DK-8600.
(136)	Tim Hougaard Rasmussen makes investment decisions for T. HOUGAARD HOLDING ApS. The address of T. HOUGAARD HOLDING ApS is Smaalodsvej 31, Benloese Ringsted Denmark DK-4100.
(137)	The address of Tage Barslund Pedersen is Toestrupvej 10 Tarm Denmark DK-6880.
(138)	Torben Hedegaard makes investment decisions for TH VEJLE HOLDING ApS. The address of TH VEJLE HOLDING ApS is Niels Finsensvej 9 Vejle Denmark DK-7100.
(139)	The address of Theis Gottorp Wittendorff is Dyssevaenget 14 Nykoebing F Denmark DK-4800.
(140)	Thomas Thykjaer Andersen makes investment decisions for THYKJAER CONSULT ApS. The address of THYKJAER CONSULT ApS is Tranebaervej 26 Brabrand Denmark DK-8220.
(141)	The address of Tim Hougaard Rasmussen is Smaalodsvej 31, Benloese Ringsted Denmark DK-4100.
(142)	The address of Tinenaja Emma Kierulf Holm is Troldmands Allé 18, 1.b, Karlstrup Solroed Strand Denmark DK-2680.
(143)	Tony Kristensen makes investment decisions for TKClinic ApS. The address of TKClinic ApS is Lundtoftevej 270C Kongens Lyngby Denmark DK-2800.
(144)	The address of Vibecke Moeller is Pedersborgvaenge 53 Soroe Denmark DK-4180.
(145)	The address of Vivian Lindum is James Grieve Vaenget 12 Odense N Denmark DK-5270.
(146)	Kim Bjerg Schacht makes investment decisions for WAKAS INVEST ApS. The address of WAKAS INVEST ApS is Anemonevej 22 Holbaek Denmark DK-4300.
(147)	Johannes Ejnar Pitzner makes investment decisions for JE Pitzner Holding ApS. The address of JE Pitzner Holding ApS is Pilevej 4 Soroe Denmark DK-4180.
(148)	Baard Magnus Kvalheim makes investment decisions for Kvalheim Holding ApS. The address of Kvalheim Holding ApS is Vallensbaek Strandvej 126 Vallensbaek Strand Denmark DK-2665.
(149)	Per Lauridsen makes investment decisions for CSLPL Holding 2019 ApS. The address of CSLPL Holding 2019 ApS is Gyvelvej 24 Solroed Strand Denmark DK-2680.
(150)	The address of Rushi Shah is 186 Regency Drive Bartlett USA IL 60103.
(151)	The address of Charles Schwab & Co CUST FBO Mark N. Katz , is 439 S. Elm Drive Beverly Hills USA CA 90212.
(152)	Henrik Rouf makes investment decisions for Reddington Partners LLC. The address of Reddington Partners LLC is 7950 W. Sunset Blvd Suite 629 Los Angeles USA CA 90046.

	●	Business and market development
	●	Growth strategy – budgeting included
	●	Investment Memorandum
	●	Attracting the right people and partners
	●	Attracting capital for businesses
	●	Company acquisitions and sales

	●	Growth strategy – budgeting included
	●	Investment Memorandum
	●	Attracting capital for business
	●	Attracting the right people and partners
	●	Company acquisitions and sales

Name	Age	Position
Henrik Rouf	57	Chief Executive Officer
Tom Glaesner Larsen (1)	54	Director
Christian Hill-Madsen (2)	58	Director
Bennett J. Yankowitz	69	Director and Chief Financial Officer
Henrik Keller	69	Director
Peter Severin (3)	60	Director

	(1)	Resigned from the Company’s board of directors on June 9, 2023; the remaining board members appointed Henrik Keller as his replacement.
	(2)	Resigned from the Board on June 3, 2024.
	(3)	Appointed to the Board on June 3, 2024.

Named Executive Officer	Fiscal Year	Salary ($)		Bonus ($)		Option Awards ($)		All Other Compensation ($)		Total ($)
Bennett J. Yankowitz	2024	$	36,000	$	-	$	-	$	-	$	36,000
Chief Financial Officer (1) (2)	2023	$	-	$	-	$	-	$	-	$	-

Henrik Rouf	2024	$	72,000	$	-	$	-	$	-	$	72,000
Chief Executive Officer (2)	2023	$	-	$	-	$	-	$	-	$	-

	(1)	Effective October 12, 2021, Mr. Yankowitz was engaged as our chief executive officer on a consultative basis and received no compensation during the fiscal year ended March 31, 2023. On November 28, 2022, Mr. Yankowitz was granted a warrant to purchase 25,000 shares of our common stock at $10.00 per share.
	(2)	In connection with the Business Combination, on February 23, 2023, the Company appointed Henrik Rouf as our Chief Executive Officer, and Bennett J. Yankowitz resigned as our Chief Executive Officer and was appointed as our Chief Financial Officer.

	●	each person or entity who, to our knowledge, owns more than 5% of our common stock;

	●	our executive officers named in the Summary Compensation Table above;

	●	each director; and

	●	all of our executive officers and directors as a group.

Class	Name and Address of Beneficial Owner	Amount and Nature of Beneficial Ownership			Percentage of Class
Common Stock	GK Partners ApS Dyrehavevej 3B DK-2930 Klampenborg, Denmark		3,859,868	(1)		22.46	%
Common Stock	Alteral Therapeutics ApS Dyrehavevej 3B DK-2930 Klampenborg, Denmark		5,296,131			30.81	%
Common Stock	AC Nordic ApS Dyrehavevej 3B DK-2930 Klampenborg, Denmark		3,143,198			18.29	%
Common Stock	Peter Severin Director Blaamunkevangen 1 Munkerup DK-3120 Dronningmoelle, Denmark _______________		50,000	(2)		*	%
Common Stock	Henrik Keller Director Bernstoffslund Alle’ 59 DK-2920 Charlottenlund, Denmark		25,000	(3)		*	%
Common Stock	Henrik Rouf Chief Executive Officer 7950 West Sunset Boulevard – Suite 629 Los Angeles, CA 90046		296,002	(4)		1.72	%
Common Stock	Bennett J. Yankowitz Director and Chief Financial Officer 280 South Beverly Dr., Suite 505 Beverly Hills, CA 90212		150,000	(5)		*	%
Common Stock	Christian Hill-Madsen Mesterlodden 3a 2820 Gentofte Denmark		916,329	(6)		5.33	%
Common Stock	Current executive officers and directors as a group		521,002			3.03	%

(2)	Consists of options to purchase common shares at $3.25 per share, granted November 15, 2024 and terminating November 15, 2034.

(3)	Consists of options to purchase common shares at $3.25 per share, granted November 15, 2024 and terminating November 15, 2034.

(4)	Consists of (1) 45,362 shares owned directly by Reddington, over which Mr. Rouf possesses sole power to vote and dispose, and 640 shares owned in Mr. Rouf’s name and (2) options to purchase 250,000 common shares at $3.25 per share, granted November 15, 2024 and terminating November 15, 2034.

(5)	Consists of (1) 25,000 common shares issuable upon exercise of warrants at a price of $10.00 per share and (2) options to purchase 125,000 common shares at $3.25 per share, granted November 15, 2024 and terminating November 15, 2034.

(6)	Held through ABCHill Holding ApS, which is wholly owned by Mr. Hill-Madsen.

	●	Our ability to obtain additional financing and the terms thereof;

	●	Our financial position and results of operations;

	●	Any litigation against us;

	●	Possible regulatory requirements on our business;

	●	The issuance of new debt or equity securities pursuant to a future offering;

	●	Changes in interest rates;

	●	Competitive developments;

	●	Variations and fluctuations in our operating results;

	●	Change in financial estimates by securities analysts;

	●	The depth and liquidity of the market for our common stock;

	●	Investor perceptions of us; and

	●	General economic and business conditions.

	Year Ended 2024
	High		Low
	$		$
2^ndQuarter	$	7.90	$	5.00
1^stQuarter	$	7.90	$	6.50

	Year Ended 2023
	High		Low
4^thQuarter	$	6.00	$	4.40
3^rdQuarter	$	8.00	$	6.00
2^ndQuarter	$	9.50	$	6.10
1^stQuarter	$	13.50	$	5.50

	●	17,188,166 post-split shares of common stock; and

	●	Warrants to purchase 585,300 1:10 post-split shares of our common stock at $10.00 per share.

	●	The average weekly trading volume of the common stock on a national securities exchange during the four calendar weeks preceding the filing of a notice on Form 144 with respect to such sale.

	●	In addition to these volume limitations, sales of unregistered shares of our common stock in reliance on Rule 144 may only be made by affiliates if such sales:

	●	are preceded by a notice filing on Form 144;

	●	are limited to broker’s transactions, as such term is defined under Section 4(a)(4) of the Securities Act; and

	●	only occur at a time when current public information about us is available, which generally would require that we are not delinquent with any of our reports required pursuant to Sections 13 or 15(d) of the Exchange Act. Rule 144 also provides that our affiliates who sell shares of our common stock that are not restricted shares must nonetheless comply with the same restrictions applicable to restricted shares, with the exception of the holding period requirement.

Report of Independent Registered Public Accounting Firm (PCAOB ID 5525)	F-2

Balance Sheets as of March 31, 2024 and 2023	F-3

Statements of Operations for the Years Ended March 31, 2024 and 2023	F-4

Statements of Stockholders’ Deficit for the Years Ended March 31, 2024 and 2023	F-5

Statements of Cash Flows for the Years Ended March 31, 2024 and 2023	F-6

Notes to the Consolidated Financial Statements	F-7

Balance Sheets at September 30, 2024 (unaudited) and March 31, 2024	F-15
Statements of Operations for the Six Months Ended September 30, 2024 and 2023 (unaudited)	F-16
Statements of Stockholders’ Equity for the Six Months Ended September 30, 2024 and 2023 (unaudited)	F-17
Statements of Cash Flows for the Six Months Ended September 30, 2024 and 2023 (unaudited)	F-18
Notes to the Financial Statements (unaudited)	F-19 - F-28