Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 339

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 3
Chunk 339
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 stock of $0.409 per share, a risk-free interest rate of 4.43%, an expected volatility of 83.74%
and a dividend yield of of 0%.

From
June 18, 2024, to July 10, 2024, the Company received subscription agreements from investors, for 805,000 common shares at a purchase
price of $1 per share, including 1,610,000 warrants exercisable at $0.35 per share, vested immediately upon issuance, with a five year
expiration. Proceeds to the company totaled $805,000.

These
securities were issued in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act and Rule 506
of Regulation D.

Purchases
of Equity Securities by Us and Affiliated Purchasers

None.

Item
6. [Reserved.]

Item
7. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Forward-looking
Statements

When
used in this Annual Report, the words “may,” “will,” “expect,” “anticipate,” “continue,”
“estimate,” “project,” “intend,” and similar expressions are intended to identify forward-looking
statements regarding events, conditions, and financial trends that may affect our future plans of operations, business strategy, operating
results, and financial position. Persons reviewing this Annual Report are cautioned that any forward-looking statements are not guarantees
of future performance and are subject to risks and uncertainties and that actual results may differ materially from those included within
the forward-looking statements as a result of various factors. Such factors are discussed further below under “Trends and Uncertainties,”
and also include general economic factors and conditions that may directly or indirectly impact our financial condition or results of
operations. Reference is also made to the caption “Forward-Looking Statements” at the forepart of this Annual Report, which
information is incorporated herein by reference.

Overview

Legacy
Business (Overview):

Our
historical business model focused on purchasing or acquiring life insurance policies and related residual interests, such as net insurance
benefits (NIBs). These NIBs provided us with the right to receive a portion of settlement proceeds from third-party-held policy portfolios,
after associated servicing and financing costs. As of the date of this report, we no longer directly hold NIBs or life insurance policies.

25

Current
Focus:

Since
the latter part of fiscal 2021, our efforts have shifted