Company: CERO
Filing Date: 2025-04-01
Form Type: NT 10-K
Source: 0001213900-25-026702
Chunk: 2

Company: CERO THERAPEUTICS HOLDINGS, INC.
Filing Date: 2025-04-01
Form: NT 10-K
Chunk 2
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, state the reasons why a reasonable estimate of the results cannot be made. |

The Registrant estimates that net loss for the year
ended December 31, 2024 was $11.6 million, compared to $2.5 million for the prior year. This increased net loss in fiscal year 2024
as compared to fiscal year 2023 is primarily due to the Company’s increased operations and significantly increased expenses related
to pre-clinical activities and clinical activities after its IND for its lead program was approved by the Food and Drug Administration.
For the year ended December 31, 2024, there was $13,300,000 of cash used in operating activities, compared to $1,523,604 of cash used in
operating activities for the prior year.

These financial results are preliminary and are subject to change in connection
with the completion of the reporting process and preparation of the Form 10-K. Actual financial results for the year ended December 31,
2024 could vary from the foregoing.

Forward-Looking Statements

This document contains forward-looking statements
within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”).
Forward-looking statements may include, but are not limited to, statements regarding the Registrant or its management team’s expectations,
hopes, beliefs, intentions or strategies regarding the future, including statements about the timing of the filing of the Annual Report
and statements about the preliminary financial results for the fiscal year ended December 31, 2024. Forward-looking statements are typically
identified by words such as “plan,” “believe,” “expect,” “anticipate,” “intend,”
“outlook,” “estimate,” “forecast,” “project,” “continue,” “could,”
“may,” “might,” “possible,” “potential,” “predict,” “should,”
“would” and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements are based on the current
expectations of the management of the Registrant and are inherently subject to uncertainties and changes in circumstances and their potential
effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been
anticipated. Forward-looking statements reflect material expectations and assumptions, including, without limitation, expectations, and
assumptions relating to the Registrant’s auditors being able to complete their review