Company: FTSP
Filing Date: 2025-02-14
Form Type: 8-K
Source: 0001199835-25-000044
Chunk: 9

Company: FinTrade Sherpa, Inc.
Filing Date: 2025-02-14
Form: 8-K
Item: Item 2.01
Chunk 9
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 costs to progress FinTradeSherpa through beta stage and release candidate phase will be between approximately
$245,000 and $425,000. We expect to fund these additional costs through proceeds from one or more additional capital raises, including
through public or private offerings of our equity securities. We may seek to access the public or private equity markets whenever conditions
are favorable; however, there can be no assurance that we will be able to raise additional capital when needed or on terms that are favorable
to us, if at all. We currently have no lines of credit or other arranged access to debt financing. In order to raise sufficient capital
in the future, we may need to increase the number of authorized shares we are permitted to issue under or governing documents.

We
are subject to rapid technological change, which could render our products and services obsolete.

Our
future success depends in part on our ability to offer products and services that incorporate leading technology and address the increasingly
sophisticated and varied needs of our current and prospective customers. Our market is characterized by rapidly changing and unproven
technology, evolving industry standards, changes in customer needs, emerging competition and frequent new service introductions. These
changes and developments may render our products and technologies obsolete in the future. As a result, our success depends on our ability
to adapt to these changes, particularly to develop new products and services, adapt our current products and services or to acquire new
products and services that can compete successfully. There can be no assurance that we will be successful in these efforts. In addition,
future advances in technology may not be beneficial to or compatible with our business and we may not be able to incorporate technological
advances into our products and services in a cost-effective and timely manner. Keeping pace with technological advances may require substantial
expenditures and lead time, particularly with respect to acquiring updated hardware and infrastructure components for our systems. We
may require additional financing to fund such purchases. Any such financing may not be available on commercially reasonably terms, if
at all, when needed and may result in a loss of earnings and market share.

FinTradeSherpa
is based on unproven technology, which may lead to delays in the release of our products or undetected errors in our products, resulting
in increased costs, delayed market acceptance of our products, and delayed or lost revenue.

FinTradeSherpa
is based on unproven technology. To achieve market acceptance, our products may require long development and testing periods, which could