Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 38

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 38
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 are no legal proceedings pending or threatened against us; and there are no actions pending or threatened
against any of our directors or officers that are adverse to us.

Item
4. Mine Safety Disclosures

Not
applicable.

PART
II

Item
5. Market for Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Market
Information

Our
common stock is quoted on the OTCQB under the symbol “SUND.” There is no “established trading market” for our
shares of common stock. No assurance can be given that any established trading market for our common stock will develop or be maintained,
and if an established trading market develops in the future, the sale of shares of our common stock that are deemed to be “restricted
securities” or “control securities” pursuant to Rule 144 of the SEC by members of management or others may have a substantial
adverse impact on any such market.

Holders

As
of June 29, 2025, we had 128 stockholders of record and an indeterminate number of stockholders who held shares in “street name.”

Dividends

There
are no present material restrictions that limit our ability to pay dividends on our common or preferred stock. Presently, we have no
plans to pay dividends in the foreseeable future. Our Board of Directors intends to pursue a policy of retaining earnings, if any, for
use in our operations and to finance the expansion of our business. Any declaration and payment of dividends in the future, of which
there can be no assurance, will be determined by our Board of Directors in light of existing conditions, including our earnings, financial
condition, capital requirements and other factors. There are presently no dividends which are accrued or owing with respect to our outstanding
common stock. No assurance can be given that dividends will ever be declared or paid on our common stock in the future.

24

Recent
Sales of Unregistered Securities

During
the year ended March 31, 2025, the Company issued 1,544,550 warrants to the Chairman of the Board of Directors in conjunction with an
extension of the maturity dates of certain debt instruments. The exercise price of these warrants was $0.41 per share. The value of the
warrants on the date of grant, as calculated by the Black-Scholes-Merton valuation model was $435,199. The valuation inputs included
a fair value of the underlying common stock of $0.409 per share,