Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 36

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 36
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 65% of our outstanding common stock. This percentage
of stock ownership is significant in that it could carry any vote on any matter requiring stockholder approval, including the subsequent
election of directors, who in turn appoint all officers. As a result, these persons control the Company, regardless of the vote of other
stockholders. As a result, other stockholders may not have an effective voice in our affairs.

Future
sales of our common stock could adversely affect our stock price and our ability to raise capital in the future, resulting in our inability
to raise required funding for our operations.

Sales
of substantial amounts of our common stock could harm the market price of our common stock. This also could harm our ability to raise
capital in the future. Of the 43,063,441  shares of our common stock that were outstanding as of March 31, 2025, 225,000 of such
shares are subject to leak-out agreements. Pursuant to such agreements, each of these stockholder’s common stock can only be sold
in an amount equal to 0.25% (1/4%) of our outstanding securities (to be defined for all purposes thereof as the amount indicated in our
most recent filing with the SEC) during each of the four quarterly periods beginning on January 1, 2017; 0.01 (1%) of our outstanding
securities during each of the next four successive quarterly periods, all on a non-cumulative basis, meaning that if no common stock
was sold during any quarterly period while common stock was qualified to be sold, such shares of common stock cannot be sold in the next
successive quarterly period (the “Leak-Out Period”). Notwithstanding the foregoing, any stockholder subject to a lock-up/leak-out
agreement that owns less than 100,000 shares of common stock that are covered thereby, is allowed to sell such stockholder’s common
stock. Our remaining outstanding shares are mostly freely tradable under Rule 144 and certain limitations on the number of shares that
can be sold quarterly by “affiliates” of the Company as defined under the Securities Act. Any sales of substantial amounts
of our common stock in the public market, or the perception that those sales might occur, could harm the market price of our common stock.
See the captions “Market Price of Common Stock and Related Matters” and “Security Ownership of Certain Beneficial Owners
and Management” of Part II, Item 5, below