Company: FWFW
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002097
Chunk: 13

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1
Chunk 13
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 we may seek to complete a business combination with an operating entity
in any number of industries or sectors. Because we have not yet entered into any letter of intent or agreement to acquire a particular
business, prospective investors currently have no basis to evaluate the possible merits or risks of any particular target business’s
operations, results of operations, cash flows, liquidity, financial condition, prospects or other metrics or qualities they deem appropriate
in considering to invest in the Company. Further, if we complete a business combination, we may be affected by numerous risks inherent
in the operations of the business we acquire. For example, if we acquire a financially unstable business or an entity lacking an established
operating history, we may be affected by the risks inherent in the business and operations of a new business or a development stage entity.
Although our management intends to evaluate and weigh the merits and risks inherent in a particular target business and make a decision
based on the Company and its shareholders’ interests, there can be no assurance that we will properly ascertain or assess all the
significant risks inherent in a target business, that we will have adequate time to complete due diligence or that we will ultimately
acquire a viable business and generate material revenue therefrom. Furthermore, some of these risks may be outside of our control and
leave us with no ability to reduce the likelihood that those risks will adversely impact a target business or mitigate any harm to the
Company caused thereby. Should we select a course of action, or fail to select a course of action, that ultimately exposes us to unknown
or unidentified risks, our business will be harmed and you could lose some or all of your investment.

-10-

Past
performance by our management and their affiliates may not be indicative of future performance of an investment in us.

While
our Chief Executive Officer has prior experience in advising businesses, his past performance, the performance of other entities or persons
with which he is involved, or the performance of any other personnel we may retain in the future will not necessarily be an indication
of either (i) that we will be able to locate a suitable candidate for our initial business combination or (ii) the future operating results
of the Company including with respect to any business combination we may consummate. You should not rely on the historical record of
him or any other of our personnel or their affiliates’ performance as indicative of our future performance or that an investment
in us will be profitable. In addition, an investment in the Company is not an investment in any entities affiliated with our