Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 120

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1A
Chunk 120
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 less active trading market for our common stock and
our stock price may be more volatile.

22

We
will remain an emerging growth company until the earliest of (1) the end of the fiscal year in which the market value of our common stock
that is held by non-affiliates exceeds $700 million as of the end of the second fiscal quarter, (2) the end of the fiscal year in which
we have total annual gross revenues of $1.235 billion or more during such fiscal year, (3) the date on which we issue more than $1 billion
in non-convertible debt in a three-year period or (4) the end of the fiscal year following the fifth anniversary of the date of the first
sale of our common stock pursuant to an effective registration statement filed under the Securities Act. Decreased disclosures in our
SEC filings due to our status as an “emerging growth company” may make it harder for investors to analyze our results of
operations and financial prospects.

Our
management and two stockholders beneficially own approximately 65% of our outstanding common stock and therefore can exert control over
our business.

Members
of our management team and three stockholders together beneficially own approximately 65% of our outstanding common stock. This percentage
of stock ownership is significant in that it could carry any vote on any matter requiring stockholder approval, including the subsequent
election of directors, who in turn appoint all officers. As a result, these persons control the Company, regardless of the vote of other
stockholders. As a result, other stockholders may not have an effective voice in our affairs.

Future
sales of our common stock could adversely affect our stock price and our ability to raise capital in the future, resulting in our inability
to raise required funding for our operations.

Sales
of substantial amounts of our common stock could harm the market price of our common stock. This also could harm our ability to raise
capital in the future. Of the 43,063,441  shares of our common stock that were outstanding as of March 31, 2025, 225,000 of such
shares are subject to leak-out agreements. Pursuant to such agreements, each of these stockholder’s common stock can only be sold
in an amount equal to 0.25% (1/4%) of our outstanding securities (to be defined for all purposes thereof as the amount indicated in our
most recent filing with the SEC) during each of the four quarterly periods