4/5CORNER GROWTH ACQUISITION CORP. 2: Going-concern doubt

Market data

n/a: no ticker symbol on the filing.

Verified excerpt

"In connection with our assessment of going concern considerations in accordance with FASB ASC Subtopic 205-40, "Presentation of Unaudited condensed financial statements - Going Concern", management has determined that the date for mandatory liquidation and dissolution raise substantial doubt about our ability to continue as a going concern for a period of time which is considered to be one year from the issuance of..."

Quoted from the filing. Source

What this means

The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.

Source: management disclosure in Form 10-Q (period 2025-03-31)

Why this score: quarterly (unaudited) disclosure; also within 90 days: Late quarterly report (NT 10-Q)