Company: FWFW
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002097
Chunk: 17

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1
Chunk 17
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 in the future;

    ●
    The
    number of shares of our Common Stock that are publicly traded in the future;

    ●
    Actions
    of our existing shareholders, including sales of Common Stock by our then directors and then executive officers or by significant
    investors; and

    ●
    The
    employment or termination of key personnel.

Many
of these factors are beyond our control and may decrease the market price of our Common Stock, regardless of whether we can consummate
a business combination and of our current or subsequent operating performance and financial condition. In the past, following periods
of volatility in the market price of a company’s securities, securities class action litigation has often been instituted. A securities
class action suit against us could result in substantial costs and divert our management’s time and attention, which would otherwise
be used to benefit our business.

-12-

Because
trading in our Common Stock is so limited, investors who purchase our Common Stock may depress the market if they sell Common Stock.

Our
Common Stock trades on the OTC Pink Market, the successor to the pink sheets. The OTC Pink Market generally is illiquid and most stocks
traded there are of companies that are not required to file reports with the SEC under the Exchange Act. Our Common Stock itself infrequently
trades.

The
market price of our Common Stock may decline if a substantial number of shares of our Common Stock are sold at once or in large blocks.

Presently
the market for our Common Stock is limited. If an active market for our shares develops in the future, some or all of our shareholders
may sell their shares of our Common Stock which may depress the market price. Any sale of a substantial number of these shares in the
public market, or the perception that such a sale could occur, could cause the market price of our Common Stock to decline, which could
reduce the value of the shares held by our other shareholders.

Future
issuance of our Common Stock could dilute the interests of our existing shareholders, particularly in connection with an acquisition
and any resulting financing.

We
may issue additional shares of our Common Stock in the future. The issuance of a substantial amount of our Common Stock could substantially
dilute the interests of our shareholders. In addition, the sale of a substantial amount of Common Stock in the public market, either
in the initial issuance or in a subsequent resale by the target company in a business combination which received our Common Stock as
consideration or