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

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1
Chunk 14
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 management
or other personnel. While management intends to endeavor to locate a viable business opportunity and generate shareholder value, there
can be no assurance that we will succeed in this endeavor.

We
may seek business combination opportunities in industries or sectors that are outside of our management’s area of expertise.

We
will consider a business combination outside of our management’s area of expertise if a business combination candidate is presented
to us and we determine that such candidate offers an attractive opportunity for the Company. Although management intends to endeavor
to evaluate the risks inherent in any particular business combination candidate, we cannot assure you that we will adequately ascertain
or assess all the significant risks, or that we will accurately determine the actual value of a prospective operating entity to acquire.
In the event we elect to pursue an acquisition outside of the areas of our management’s expertise, our management’s ability
to evaluate and make decisions on behalf of the Company may be limited, or we may make material expenditures on additional personnel
or consultants to assist management in the Company’s operations. Investors should be aware that the information contained herein
regarding the areas of our management’s expertise will not necessarily be relevant to an understanding of the business that we
ultimately elect to acquire. As a result, our management may not be able to adequately ascertain or assess all the significant risks
or strategic opportunities that may arise. Accordingly, any shareholders in the Company following a business combination could suffer
a reduction in the value of their shares, and any resulting loss will likely not be recoverable.

We
may attempt to complete a business combination with a private target company about which little information is available, and such target
entity may not generate revenue as expected or otherwise by compatible with us as expected.

In
pursuing our search for a business to acquire, we will likely seek to complete a business combination with a privately held company.
Very little public information generally exists about private companies, and the only information available to us prior to making a decision
may be from documents and information provided directly to us by the target company in connection with the transaction. Such documents
or information or the conclusions we draw therefrom could prove to be inaccurate or misleading. As such, we may be required to make our
decision on whether to pursue a potential business combination based on limited, incomplete, or faulty information, which may result
in our subsequent operations generating less revenue than expected, which could materially harm our financial condition and results of
operations.

Our
ability to assess the management of a prospective target business may be limited