Company: LSEB
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001199835-25-000233
Chunk: 516

Company: LSEB Creative Corp.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 7
Chunk 516
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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.

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 considered investing in a company on a smaller exchange. Companies listed on Nasdaq are often viewed as more established, credible,
and reputable due to the stringent listing requirements and rigorous financial reporting standards, which can lead to a stronger public
image. In addition, companies listed on Nasdaq can more readily access capital through secondary offerings, as investors may be more
willing to buy shares of a company listed on a major exchange. This is particularly important for LSEB as we are looking to expand and
fund new projects. Furthermore, Nasdaq offers a highly liquid marketplace, making it easier for the Company to raise funds and for investors
to trade our shares. Greater liquidity can also attract institutional investors who typically prefer markets with higher trading volumes.

The
Company is in the initial stages of executing its plan to qualify for an uplist to Nasdaq and there is no guarantee it will be successful
in meeting the listing requirements or qualifying for a listing on the Nasdaq exchange.

Recently
Issued Accounting Pronouncements

We
do not expect the adoption of any recently issued accounting pronouncements to have a significant impact on our net results of operations,
financial position, or cash flows of the Company.

Seasonality

The
swimwear industry in North America is seasonal however, we do not expect our sales to be dramatically impacted by seasonal demands for
our products and services since our market is worldwide.

Off-Balance
Sheet Arrangements

The
Company does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the
Company’s financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital
expenditures or capital resources that are material to investors.

Effects
of Inflation

We
do believe