Company: FTSP
Filing Date: 2025-02-14
Form Type: 8-K
Source: 0001199835-25-000044
Chunk: 12

Company: FinTrade Sherpa, Inc.
Filing Date: 2025-02-14
Form: 8-K
Item: Item 2.01
Chunk 12
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 may have greater financial resources and more intellectual property than we
do. There is no guarantee that we will be able to hire and keep employees with the necessary expertise to support our growth and ensure
success, especially if we struggle to secure adequate financing. If we are unable to maintain the qualified staff needed to meet our
growth objectives, it could materially and adversely impact on our business, financial condition, and future prospects.

We
operate in very competitive industries and will have competitors with greater resources than us.

The
market for FinTradeSherpa is intensely competitive, rapidly evolving, and highly sensitive to the launch of new products. We anticipate
that FinTradeSherpa will face direct competition from several well-established AI and FinTech products and many more early-stage AI and
FinTech products. If we are unable to keep pace with rapid advancements in AI, especially in the FinTech industry, our business results
and competitive position may suffer.

We
expect that we will need to raise additional funding, which may not be available to us on acceptable terms or at all.

We
currently believe, based upon our expected costs and expenses, that the gross proceeds received pursuant to this offering will be
sufficient to enable the early development of FinTradeSherpa. However, if for any number of reasons, including, but not limited to,
our costs and expenses being higher than anticipated, unexpected delays and/or faults in our design and development process and/or
in obtaining regulatory approvals, such funds may not be sufficient to allow us to finalize development of FinTradeSherpa. In that
case, we will need additional funds to develop the sales, marketing and operational expertise to support FinTradeSherpa. We also
expect to need further funds to market and commercialize FinTradeSherpa. If we are unsuccessful in securing additional financing
when needed and on terms acceptable to us, we may be unable to execute our business plan which could result in us scaling back or
halting our operations. Our ability to raise additional capital is uncertain and depends on various factors outside of our control,
including, but not limited to, market conditions, economic factors, the availability of credit, the AI industry, and other related
and unrelated factors. If we raise additional capital through the sale of equity or convertible debt securities, the interests of
then-existing stockholders may be materially diluted, and the terms of such securities could include liquidation or other
preferences that adversely affect their rights as common stockholders. If we pursue debt financing or preferred equity financing,
the agreements