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

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 10
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, reduce or eliminate our product development programs and commercialization
efforts or cause us to become insolvent.

We
will need to raise additional funds through future equity or debt financings in the near future to meet our operational needs and capital
requirements. We can provide no assurance that we will be successful in raising funds pursuant to additional equity or debt financings
or that such funds will be raised at prices that do not create substantial dilution for our existing stockholders. Given the volatility
of our stock price, any financing that we undertake could cause substantial dilution to our existing stockholders.

To
date, we have financed our operations primarily through net proceeds from the issuance of capital stock and debt financings. We do not
know when or if our operations will generate sufficient cash to fund our ongoing operations. We cannot be certain that additional capital
will be available as needed on acceptable terms, or at all.

We
may raise additional funds in equity or debt financings or enter into credit facilities in order to access funds for our capital needs.
Any debt financing obtained by us in the future would cause us to incur additional debt service expenses and could include restrictive
covenants relating to our capital raising activities and other financial and operational matters, which may make it more difficult for
us to obtain additional capital and pursue business opportunities. In addition, future equity investors may require that we convert all
or a portion of our debt to equity, and our debtholders may not agree to such terms. If we raise additional funds through further issuances
of equity or convertible debt securities, and/or if we convert all or a portion of our existing debt to equity, our existing stockholders
could suffer significant dilution in their percentage ownership of our company, and any new equity securities we issue could have rights,
preferences and privileges senior to those of holders of our common stock. If we are unable to obtain adequate financing or financing
on terms satisfactory to us when we require it, we may significantly scale back our operations or we may become insolvent. If this were
to occur, our ability to continue to grow and support our business and to respond to business challenges could be significantly limited.

There
may be substantial doubt about our ability to continue as a going concern, and we will need additional financing to execute our business
plan, to fund our operations and to continue as a going concern.

Since
inception, we have experienced recurring operating losses and negative cash flows and we expect to continue to generate operating losses
and consume significant cash resources