Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 94

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1A
Chunk 94
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 price and our ability to raise capital in the future, resulting in our
    inability to raise required funding for our operations.

8

Risk
Factors relating to Our Business

We
have historically used significant amounts of cash in operating activities since our inception and may continue to use significant amounts
of cash for operating activities in the foreseeable future.

We
have historically used substantial amounts of cash in operating activities. To date, our operations have not generated sufficient cash
flow to fund our operations, and we have relied on cash provided by financing activities, including amounts received under notes payable
and lines-of-credit with related parties. Our default under these obligations may also limit our ability to obtain future financing from
related or third parties.

Our
inability to access capital may limit our ability to adequately fund our operations. In order to continue to fund our operations, including
the potential purchase of NIBs, we will need to raise substantial amounts of capital. Absent additional financing, we will not have the
resources to execute our business plan.

We
may not be able to secure additional financing on favorable terms, or at all, to meet our future capital needs and our failure to obtain
additional financing when needed could force us to delay, 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