Company: TGNT
Filing Date: 2025-04-30
Form Type: S-1
Source: 0001477932-25-003124
Chunk: 18

Company: Totaligent, Inc.
Filing Date: 2025-04-30
Form: S-1
Chunk 18
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 to fund possible future acquisitions, and to generate profitable operations in the future. At December 31, 2024, we had cash of $22,128. Management is currently seeking to raise additional funds, primarily through the issuance of debt or equity securities, and estimates that a significant amount of capital will be necessary over a sustained period of time to advance the development of our business to the point at which it can become commercially viable and self-sustaining. However, there can be no assurances that we will be successful in this regard.

As market conditions present uncertainty as to our ability to secure additional funds, there can be no assurances that we will be able to secure additional financing on acceptable terms, or at all, as and when necessary to continue to conduct operations. A debt financing may contain undue restrictions on our operations and/or liens on our tangible and intangible assets, and an equity financing may cause substantial dilution to our common stockholders. If cash resources are insufficient to satisfy our ongoing cash requirements, we would be required to scale back or discontinue its operations, obtain funds, if available, although there can be no certainty, through strategic alliances that may require us to relinquish rights to its technology, or to discontinue its operations entirely.

The development and expansion of our business in 2025 and thereafter will be dependent on the capital resources available to us. No assurances can be given that any future financing will be available or, if available, that it will be on terms that are satisfactory to us or adequate to fund the development and expansion of our business to a level that is commercially viable and self-sustaining.

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We will need to raise additional capital to support its operations.

We will need to procure additional financing over time, the amount and timing of which will depend on a number of factors, including the pace of expansion of our opportunities and customer base, the scope of product development to be undertaken by the Company, the need to respond to customer needs for improvement of product offerings, the services offered and development efforts, the cash flow generated by its operations, the extent of losses, if any with respect to matters identified as risk factors herein and the extent of other unanticipated areas or amounts of expenditure. We cannot fully predict the extent to which it will require additional financing. There can be no assurance regarding the availability or terms of additional financing we may be able to procure over time. Any new investor may require that any future debt financing or issuance of preferred equity by us could be senior to the rights of stockholders,