Birchtech Corp.

Birchtech Corp. disclosed substantial doubt about its ability to continue as a going concern

Substantial doubt raised, alleviated by management's plans → Substantial doubt about ability to continue as a going concern

ME2C Sponsor LLC and ME2C Acquisition Corp. ME2C Sponsor LLC is a limited liability company formed in the State of Delaware and is a wholly owned subsidiary of Birchtech Corp. and owns 85% of ME2C Acquisition Corp. A decision was made in January 2023 to liquidate these entities which are inactive. Note 2 - Liquidity and Financial Condition Management has assessed the Company’s ability to continue as a going concern in accordance with the requirements of ASC 205-40, Presentation of Financial Statements—Going Concern. As disclosed in the Company’s Annual Report on Form 10-K for the year ended…

Source filing ↗ Prior filing ↗

Birchtech Corp.'s Chief Financial Officer departed and a successor was named

Source filing ↗

Birchtech Corp. disclosed substantial doubt about its ability to continue as a going concern

Substantial doubt raised, alleviated by management's plans → Substantial doubt about ability to continue as a going concern

A decision was made in January 2023 to liquidate these entities which are inactive. Note 2 – Liquidity and Financial Condition Under ASC 205‑40, Presentation of Financial Statements—Going Concern, the Company has the responsibility to evaluate whether conditions and/or events raise substantial doubt about its ability to meet its future financial obligations as they become due within one year after the date that the financial statements are issued. As required by ASC 205‑40, this evaluation shall initially not take into consideration the potential mitigating effects of plans that have not been…

Source filing ↗ Prior filing ↗