Home / Going-concern warnings / C2 Blockchain, Inc.

5/5C2 Blockchain, Inc. (CBLO): Going-concern doubt

Filed 2025-09-29 路 Form 10-K 路 Accession 0001882781-25-000034 micro

Market data

Price before filing: $0.21 (2025-09-26 close, split/dividend-adjusted)
Market cap at flag: $65.4M (2025-09-29) 路 Latest: $13.4M (2026-10-13)

What happened next

WindowCBLOSPYvs SPY
30 days-19.0%+3.9%-22.9%2025-10-29
90 days-50.0%+4.2%-54.2%2025-12-29
180 days-66.7%-4.0%-62.7%2026-03-30

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Verified excerpt

"This raises substantial doubt about its ability to continue as a going concern."

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.

Going-concern opinion issued by: MICHAEL GILLESPIE & ASSOCIATES, PLLC
Source: independent auditor report in Form 10-K (period 2025-06-30)

Why this score: in auditor's report

Read the original filing on SEC.gov →

Not investment advice. Automated summary; verify against the filing.

Get the weekly "Red Flags" newsletter

The week's most serious auditor changes, restatements, late filings and going-concern warnings, in plain English. Free. Unsubscribe anytime.

Subscribe to the newsletter →
The signup form didn't load here (often an ad or privacy blocker). This opens beehiiv's secure signup page.

Form not showing? Subscribe on beehiiv →

Newsletter delivered by beehiiv. See our privacy policy.