Company: LDDD
Filing Date: 2025-09-26
Form Type: 10-K
Source: 0001213900-25-091988
Chunk: 41

Company: Longduoduo Co Ltd
Filing Date: 2025-09-26
Form: 10-K
Item: Item 1
Chunk 41
---
 $250 million on the last day of our
second fiscal quarter, we are also a “smaller reporting company” as defined under the Exchange Act. Some of the foregoing
reduced disclosure and other requirements are also available to us because we are a smaller reporting company and may continue to be
available to us even after we are no longer an emerging growth company under the JOBS Act but remain a smaller reporting company under
the Exchange Act. As a smaller reporting company, we are not required to: 

    ●
    have an auditor report
    on our internal control over financial reporting pursuant to Section 404(b) of the Sarbanes-Oxley Act;

    ●
    present more than two years
    of audited financial statements in our registration statements and annual reports on Form 10-K; or

    ●
    present any selected financial
    data in such registration statements and annual reports filings made by the Company.

27

Shareholders
do not have pre-emptive rights, which will cause them to experience dilution if we issue additional securities. 

At
any time or times, we may issue and sell additional shares of our authorized but previously unissued shares of common stock, preferred
stock, or common stock warrants on such terms and conditions as our Board of Directors, in its sole discretion, may determine without
consent of our shareholders. Our shareholders do not have pre-emptive rights to acquire additional shares should we in the future issue
or sell additional securities. Thus, we are not required to offer any existing shareholder the right to purchase his or her pro rata
portion of any future issuance of securities and, therefore, upon the issuance of any additional securities by us hereafter, our shareholders
will not be able to maintain their then existing pro rata ownership in our outstanding shares of common stock, preferred stock, or common
stock warrants without additional purchases of securities at the price then set internally by us.

We
are unlikely to pay cash dividends in the foreseeable future. 

We
currently intend to retain any future earnings for use in the operation and expansion of our business. We do not expect to pay any cash
dividends in the foreseeable future but will review this policy as circumstances dictate. Should we decide in the future to do so, as
a holding company, our ability to pay dividends and meet other obligations depends upon the receipt of dividends or other payments from
our operating subsidiaries. In addition, our operating subsidiaries, from time to time,