Company: LSEB
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001199835-25-000233
Chunk: 219

Company: LSEB Creative Corp.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1C
Chunk 219
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 31, 2025, year-end in order to maintain
our business operations. However, if we complete a financing, we will devote the capital raised to operational expenses as indicated
below. The Company will attempt to complete a financing for a minimum of $400,000 within the 12 month period following the Company’s
2025 year-end. Any capital raised will be through either a private placement or a convertible debenture and will result in the issuance
of common shares from the Company’s authorized capital.

    Working Capital 
    $74,000 
  
    Legal/Accounting 
    $25,000 
  
    Inventory 
    $100,000 
  
    Advertising and Marketing 
    $150,000 
  
    General and administrative 
    $10,000 
  
    Salaries and Customer Service 
    $25,000 
  
    Telephone 
    $1,000 
  
    Travel 
    $15,000 
  
    Total Expenses 
    $400,000 

The
above represents our Managements best estimate of our cash requirements based on our business plans and current market conditions. The
above is based on our ability to raise sufficient financing and generate adequate revenues to meet our cash flow requirements. The actual
allocation between expenses may vary depending on the actual funds raised and the industry and market conditions over the next 12 months
following our March 31, 2025 year-end.

On
January 13, 2025, the Company announced it is actively pursuing a capital raise of a minimum $5 million USD to accredited investors through
a series of tranches subject to satisfaction of closing conditions. The Company expects to enter into an Equity Financing Agreement in
the coming weeks with more disclosure regarding pricing and conditions.

The
Company intends to use the net proceeds from the private placement primarily for costs directly related to sales and marketing, for research
and development, working capital and general corporate purposes, including the costs of operating as a public company. The intent of
the capital raise is to begin to position the Company to meet the uplist requirements to Nasdaq.

37

The
Company believes there are many advantages to uplisting from the OTCQB to Nasdaq. Key benefits may include increased visibility and credibility,
access to capital, increased trading volume and liquidity, and improved valuation and stock performance. Nasdaq is one of the largest
well-known stock exchanges globally, and listing on Nasdaq can attract a larger pool of institutional and retail investors who may not
have