Substantial doubt about ability to continue as a going concern → No going-concern disclosure
Going concern The assessment of the Company’s ability to continue as a going concern. The determination that the Company will be able to continue as a going concern is subject to critical judgments of management with respect to assumptions surrounding the short and long-term operating budget and financing activities. Should these judgments prove to be inaccurate, management’s continued use of the going concern assumption may be inappropriate. - 51 - JOBS Act On April 5, 2012, the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”) was enacted. Section 107 of the JOBS Act provides…
expects significant change in results 3 days past the statutory due date.
(the “Company”) is unable, without unreasonable effort or expense, to file its Quarterly Report on Form 10-Q for the three months ended December 31, 2025 (the “Q3 Form 10-Q”) within the prescribed time period as result of recent management changes. The Company’s former Chief Executive Officer, Gabriel Rene, resigned as the Company’s Chief Executive Officer on February 8, 2026, and David Scott, the Company’s Interim Chief Executive Officer, who assumed that role on such date requires more time to adequately review the financial statements to be included with the Q3 Form 10-Q. Forward-Looking Statement This Form 12b-25 contains forward-looking statements within the meaning of applicable…
No entries in that period.