FiEE (FIEE) risk factors, FY2024 10-K

Risks Related to Our Company

1. 01After the cessation of our legacy business and since transitioning to new product offerings upon the closing of the Purchase Agreement, we do not have a significant revenue generating business
2. 02We may fail to successfully execute our business plan
3. 03The Company may suffer from lack of availability of additional funds
4. 04Our acquisition strategy creates risks for our business
5. 05We may be unable to scale our operations successfully
6. 06We may suffer from a lack of liquidity
7. 07We do not currently have an independent board of directors, or committees of the board of directors
8. 08We are required to comply with certain provisions of Section 404 of the Sarbanes-Oxley Act of 2002, as amended (the “Sarbanes-Oxley Act”) and if we fail to continue to comply, our business could be harmed, and the price of our securities could decline

Risks Related to Our Common Stock

1. 09We have not been in compliance with the Nasdaq’s requirements for continued listing and as a result our common stock has been suspended from trading on the Nasdaq, and in the future it may be delisted from trading on the Nasdaq, which has had and will continue to have a material effect on us and our stockholders
2. 10Our common stock currently trades on the Pink Tier of OTC Markets and investors may have difficulty buying and selling our shares or obtaining market quotations for them
3. 11A large portion of our common stock is controlled by a small number of shareholders
4. 12The sale of the additional shares of common stock could cause dilution as well as the value of our common stock to decline
5. 13Our common stock constitutes restricted securities and is subject to limited transferability
6. 14Our common stock price may decrease due to factors beyond our control
7. 15Our common stock is subject to the application of the “penny stock” rules which could adversely affect the market price of our common stock and increase transaction costs to sell those shares
8. 16The market price for our common stock is particularly volatile which could lead to wide fluctuations in our share price. You may be unable to sell your common stock shares at or above your purchase price, or at all, which may result in substantial losses to you
9. 17Because we will likely issue additional shares of our common stock, investment in the Company could be subject to substantial dilution
10. 18FINRA sales practice requirements may also limit a stockholder’s ability to buy and sell our stock
11. 19We do not intend to pay dividends for the foreseeable future
12. 20If we are unable to comply with the financial reporting requirements mandated by the SEC’s regulations, investors may lose confidence in our financial reporting and the price of our common stock, if a market ever does develop for it, could decline