Going concern
Filing comparison
PureCycle Technologies, Inc. reported that previously disclosed substantial doubt was no longer present
Substantial doubt raised, alleviated by management's plans → No substantial doubt reported
The Series B Convertible Perpetual Preferred Stock funding has led management to conclude that the previously disclosed substantial doubt about the Company's ability to continue as a going concern for a twelve-month period following the date that these financial statements were available to be issued is no longer present. Our current financial projections support our ability to meet our obligations as they become due for at least one year from the issuance of the financial statements.
Evidence
- Blank check
- No
- Comparable
- Yes
- Current state
- none
- Current state label
- No substantial doubt reported
- Direction
- eased
- Located in
- filing body
- Prior filed
- 2025-02-27
- Prior form
- 10-K
- Prior state
- doubt_alleviated
- Prior state label
- Substantial doubt raised, alleviated by management's plans
- Source
- ASC 205-40 going-concern note comparison
- Why
- Disclosure about the company's ability to continue as a going concern changed compared with its previous report.