Company: SHPH
Filing Date: 2025-01-15
Form Type: S-1
Source: 0001493152-25-002253
Chunk: 55

Company: Shuttle Pharmaceuticals Holdings, Inc.
Filing Date: 2025-01-15
Form: S-1
Chunk 55
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 of less than $1.235 billion during the Company’s last fiscal year, the Company is an “emerging growth company,” as defined in the JOBS Act (an “EGC”). We will retain that status until the earliest of (a) the last day of the fiscal year which we have total annual gross revenues of $1.235 billion (as indexed for inflation in the manner set forth in the JOBS Act) or more; (b) the last day of the fiscal year of following the fifth anniversary of the date of the first sale of the common stock pursuant to an effective registration statement under the Securities Act of 1933, as amended (the “Securities Act”); (c) the date on which we have, during the previous three year period, issued more than $1.0 billion in non-convertible debt; or (d) the date on which we are deemed to be a “large accelerated filer,” as defined in Rule 12b-2 under the Exchange Act or any successor thereto. As an EGC, the Company is relieved from the following:

| ● | The                                                                                                                               
 Company is excluded from Section 404(b) of Sarbanes-Oxley Act (“Sarbanes-Oxley”), which otherwise would have required             
 the Company’s auditors to attest to and report on the Company’s internal control over financial reporting. The JOBS Act           
 also amended Section 103(a)(3) of Sarbanes-Oxley to provide that (i) any new rules adopted by the PCAOB requiring mandatory audit 
 firm rotation or changes to the auditor’s report to include auditor discussion and analysis (in the event the PCAOB adopts        
 an auditor rotation requirement) will not apply to an audit of an EGC; and (ii) any other future rules adopted by the PCAOB will  
 not apply to the Company’s audits unless the SEC determines otherwise.                                                            |

| ● | The                                                                                                                                        
 JOBS Act amended Section 7(a) of the Securities Act to provide that the Company need not present more than two years of audited            
 financial statements in an initial public offering registration statement and in any other registration statement, need not present        
 selected financial data pursuant to Item 301 of Regulation S-K for any period prior to the earliest audited period presented in connection 
 with such initial public offering. In addition, the Company is not required to comply with any new or revised financial accounting         
 standard until such date as a private company (i.e., a company