Company: FTSP
Filing Date: 2025-02-14
Form Type: 8-K
Source: 0001199835-25-000044
Chunk: 11

Company: FinTrade Sherpa, Inc.
Filing Date: 2025-02-14
Form: 8-K
Item: Item 2.01
Chunk 11
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-attacks and security breaches of customer, employee, or Company information, may have a material
adverse effect on our business, financial condition, and results of operations.

In
the development and commercialization of FinTradeSherpa, we will rely extensively on computer systems, including third-party systems,
to collect, use, transmit, store and report data on information systems and interact with customers, vendors and employees. Increased
global IT security threats and more sophisticated and targeted computer crime and increased ransomware attacks pose a risk to the security
of our systems and networks and third-party systems and networks with our data (including employee and customer data), and the confidentiality,
availability and integrity of our data. Despite our security measures, our IT systems and infrastructure may be vulnerable to computer
viruses, cyber-attacks, and/or security breaches caused by employee error, malfeasance or other disruptions, with heightened risks due
to geopolitical conflicts. These threats also may be further enhanced in frequency or effectiveness through threat actors’ use
of artificial intelligence technologies, which are becoming more widely adopted and increasingly sophisticated. Any such threat could
compromise our networks and the information stored there could be accessed, publicly disclosed, lost or stolen. A security breach of
our computer systems or third-party systems with our data could interrupt or damage our operations or harm our reputation, or both. In
addition, we could be subject to legal claims or proceedings, liability under laws that protect the privacy of personal information and
regulatory penalties if confidential information relating to customers, suppliers, employees or other parties is misappropriated from
our computer system or third-party systems with our data. We cannot guarantee that our security efforts will prevent unauthorized access
or loss of functionality to our or our third-party providers’ systems.

We
depend on key management personnel and attracting and retaining other qualified personnel, and our business could be harmed if we lose
key management personnel or cannot attract and retain other qualified personnel.

A
significant part of our Company’s success relies on the technical expertise and ongoing contributions of Arcterix and its employees
or contractors, and we do not currently have any “key man” insurance policies in place. Additionally, as we seek to grow, we
will need to recruit additional specialized personnel. Our plans to grow and invest in the development of FinTradeSherpa will lead to
higher personnel and operational costs. To acquire and retain skilled employees, we will be competing with other companies both inside
and outside the AI and FinTech industries, some of which