Company: SHPH
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001493152-25-008300
Chunk: 239

Company: Shuttle Pharmaceuticals Holdings, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1A
Chunk 239
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 set forth
in the Jobs Act) or more; (b) the last day of the fiscal year of following the fifth anniversary of the date of the first sale of the
common stock pursuant to an effective registration statement under the Securities Act; (c) the date on which we have, during the previous
three year period, issued more than $1,000,000,000 in non-convertible debt; or (d) the date on which we are deemed to be a “large
accelerated filer,” as defined in Rule 12b-2 under the Exchange Act or any successor thereto. As an EGC, the Company is relieved
from the following:

    ●
    The
    Company is excluded from Section 404(b) of Sarbanes-Oxley Act (“Sarbanes-Oxley”), which otherwise would have required
    the Company’s auditors to attest to and report on the Company’s internal control over financial reporting. The JOBS Act
    also amended Section 103(a)(3) of Sarbanes-Oxley to provide that (i) any new rules adopted by the PCAOB requiring mandatory audit
    firm rotation or changes to the auditor’s report to include auditor discussion and analysis (in the event the PCAOB adopts
    an auditor rotation requirement) will not apply to an audit of an EGC; and (ii) any other future rules adopted by the PCAOB will
    not apply to the Company’s audits unless the SEC determines otherwise.

    ●
    The
    Jobs Act amended Section 7(a) of the Securities Act to provide that the Company need not present more than two years of audited financial
    statements in an initial public offering registration statement and in any other registration statement, need not present selected
    financial data pursuant to Item 301 of Regulation S-K for any period prior to the earliest audited period presented in connection
    with such initial public offering. In addition, the Company is not required to comply with any new or revised financial accounting
    standard until such date as a private company (i.e., a company that is not an “issuer” as defined by Section 2(a) of
    Sarbanes-Oxley) is required to comply with such new or revised accounting standard. Corresponding changes have been made to the Exchange
    Act, which relates to periodic reporting requirements, which would be applicable if the Company were required to comply with them.

    ●
    As