Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 123

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1A
Chunk 123
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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, a risk-free interest rate of 4.43%, an expected volatility of 83.74%
and a dividend yield of of 0%.

From
June 18, 2024, to July 10, 2024, the Company received subscription agreements from investors, for 805,000 common shares at a purchase
price of $1 per share, including 1,610,000 warrants exercisable at $0.35 per share, vested immediately upon issuance, with a five year
expiration. Proceeds to the company totaled $805,000.

These
securities were issued in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act and Rule 506
of Regulation D.

Purchases
of Equity Securities by Us and Affiliated Purchasers

None.

Item
6. [Reserved.]

Item
7. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Forward-looking
Statements

When
used in this Annual Report, the words “may,” “will,” “expect,” “anticipate,” “continue,”
“estimate,” “project,” “intend,” and similar expressions are intended to identify forward-looking
statements regarding events, conditions, and financial trends that may affect our future plans of operations, business strategy