Company: LDDD
Filing Date: 2025-09-26
Form Type: 10-K
Source: 0001213900-25-091988
Chunk: 40

Company: Longduoduo Co Ltd
Filing Date: 2025-09-26
Form: 10-K
Item: Item 1
Chunk 40
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 from various
reporting requirements applicable to other public companies. We will remain an emerging growth company until the earliest to occur of:
(i) the last day of the fiscal year in which we have at least $1.07 billion in annual revenue; (ii) the last day of the fiscal year in
which we are deemed to be a “large accelerated filer,” as defined in Rule 12b-2 under the Exchange Act, which would occur
if the market value of our Common Stock held by non-affiliates exceeded $700 million as of the last business day of the second fiscal
quarter of such year; (iii) the date on which we have issued more than $1.0 billion in nonconvertible debt securities during the prior
three-year period; and (iv) the last day of the fiscal year ending after the fifth anniversary of our initial public offering. The exemptions
available to emerging growth companies include the right to present only two years of audited financial statements in our registration
statements and annual reports, an exemption from the auditor attestation requirement of Section 404 of the Sarbanes-Oxley Act relating
to internal controls, reduced disclosure about executive compensation arrangements, and no requirement to seek non-binding advisory votes
on executive compensation or golden parachute arrangements. Some of these exemptions are also available to us as a smaller reporting
company (i.e. a company with less than $250 million of its voting equity held by non-affiliates). We have elected to adopt these reduced
disclosure requirements. We cannot predict if investors will find our common stock less attractive as a result of our taking advantage
of these exemptions. If some investors find our common stock less attractive as a result of our choices, there may be a less active trading
market for our common stock and our stock price may be more volatile.

Pursuant
to Section 107(b) of the JOBS Act, we have elected to use the extended transition period for complying with new or revised accounting
standards under Section 102(b)(2) of The JOBS Act. This election allows us to delay the adoption of new or revised accounting standards
that have different effective dates for public and private companies until those standards apply to private companies. As a result, our
financial statements may not be comparable to companies that comply with public company effective dates. The decision to opt out is irrevocable.

Because
the worldwide market value of our common stock held by non-affiliates, or public float, was below