Going concern warnings

…management has determined that the mandatory liquidation and subsequent dissolution, should the Company be unable to complete a Business Combination by the end of the Completion Window, raises substantial doubt about the Company's ability to continue as a going concern.

These factors raise substantial doubt regarding the Company's ability to continue as a going concern.

…management has determined that the mandatory liquidation, should a business combination not occur, and potential subsequent dissolution, raises substantial doubt about the Company's ability to continue as a going concern.

…and cash equivalents on hand at September 30, 2026, management concludes that there is substantial doubt about the Company's ability to continue as a going concern for a period of at least twelve (12) months subsequent to the issuance of…

…there is uncertainty regarding the Company's ability to maintain liquidity sufficient to operate its business effectively, which raises substantial doubt as to the Company's ability to continue as a going concern.

These factors raise substantial doubt regarding the Company's ability to continue as a going concern.

Limited operating assets, dependency on capital raising activities and cumulative net losses raises substantial doubt about the Company's ability to continue as a going concern within one year after the date that the accompanying condensed consolidated financial statements are issued.

As a result, these conditions raise substantial doubt about the Company's ability to continue as a going concern.

As a result, management has determined that such an additional condition also raises substantial doubt about the Company's ability to continue as a going concern.

Accordingly, the Company's projected liquidity requirements raise substantial doubt about its ability to continue as a going concern within one year following the issuance of these unaudited condensed financial statements.

These factors raise substantial doubt about the Company's ability to continue as a going concern for a period of twelve months from the issuance date of this Report.

These circumstances raise substantial doubt on the Company's ability to continue as a going concern.

There is substantial doubt about our ability to continue as a going concern.

However, as described below, substantial doubt about the Company's ability to continue as a going concern exists.

…which raises substantial doubt about the Company's ability to continue as a going concern.

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

Accordingly, substantial doubt exists about our ability to continue as a going concern within one year after the date the unaudited condensed consolidated interim financial statements included elsewhere in this Quarterly Report…

These conditions raise substantial doubt about the Company's ability to continue as a going concern.

Additionally, the expectation of significant future costs raises substantial doubt about the Company's ability to continue as a going concern within one year after the date that the unaudited condensed financial statements are issued.

These factors raise substantial doubt about the Company's ability to continue as a going concern.

Therefore, substantial doubt about the Company's ability to continue as a going concern exists.

Therefore, management has determined that such additional conditions raise substantial doubt about the Company's ability to continue as a going concern until the earlier of the consummation of the Business Combination or the date the Company is required to liquidate.

There is substantial doubt about our ability to continue as a going concern.

Accordingly, these conditions raise substantial doubt about the Company's ability to continue as a going concern within one year after the date these financial statements are issued.

This uncertainty, together with the Company's continued losses and outstanding debt obligations, indicates that substantial doubt exists about the Company's ability to continue as a going concern within one year after the date that the financial statements are issued.

The Company's declining revenues, recurring operating losses and negative cash flows, and continued reduction in liquidity, raise substantial doubt about the Company's ability to continue as a going concern within one year after the issuance date of these financial statements.

…substantial doubt exists about our ability to continue as a going concern within one year after the date these consolidated financial statements are issued.

These conditions raise substantial doubt about the Company's ability to continue as a going concern within one year from the date these financial statements are issued.

Our current operating plan and projected cash outflows for the upcoming periods raise substantial doubt about our ability to continue as a going concern for at least 12 months from the issuance of the financial statements included elsewhere in this…

Accordingly, there is substantial doubt about the Company's ability to operate as a going concern within one year after the issuance date of these condensed consolidated financial statements.

These conditions raise substantial doubt about the Company's ability to continue as a going concern.

As a result, there is substantial doubt about the Company's ability to continue as a going concern within one year after the date these unaudited condensed consolidated financial statements are issued.

…management has determined that the potential liquidity shortfall and the mandatory liquidation raise substantial doubt about the Company's ability to continue as a going concern.

…raise substantial doubt about the Company's ability to continue as a going concern.

Such potential liquidity shortfall and mandatory liquidation condition raise substantial doubt about the Company's ability to continue as a going concern.

…management has concluded that substantial doubt remains regarding the Company's ability to continue as a going concern for a period of one year from the date these condensed consolidated financial statements are issued.

This condition raises substantial doubt about the Company's ability to continue as a going concern.

…this raises substantial doubt about the Company's ability to continue as a going concern.

…current capital resources may not be sufficient to fund its planned operations for at least one year from the date of this Quarterly Report, and there is substantial doubt as to the Company's ability to continue as a going concern.

These conditions and events raise substantial doubt about the Company's ability to continue as a going concern.

These factors raise substantial doubt regarding the Company's ability to continue as a going concern.

The following is a summary of the principal risks associated with an investment in our common stock: There is substantial doubt regarding our ability to continue as a going concern.

Accordingly, the Company has concluded that substantial doubt exists about the Company's ability to continue as a going concern.

For these reasons our auditors believe that there is substantial doubt that we will be able to continue as a going concern.

Therefore, management has determined that these conditions raise substantial doubt about the Company's ability to continue as a going concern until the earlier of the consummation of the business combination or the date the Company is required to liquidate.

These factors raise substantial doubt regarding the Company's ability to continue as a going concern one year from the issuance date of this Form 10-Q.

…improve liquidity and the favorable recent events described above, based on the extent of our debt and reliance on our senior secured lender, substantial doubt exists about our ability to continue as a going concern over the next twelve months.

As a result, the Company believes there is substantial doubt about its ability to continue as a going concern.

These conditions raise substantial doubt about the Company's ability to continue as a going concern within 12 months from the date these consolidated financial statements were issued.

These factors raise substantial doubt about the Company's ability to continue as a going concern.

This condition raises substantial doubt about the Company's ability to continue as a going concern for a period of time within one year after the date that the unaudited condensed financial statements are issued.

…which raises substantial doubt about its ability to continue as a going concern.

As discussed in the accompanying financial statements and related notes, these conditions raise substantial doubt about the Company's ability to continue as a going concern.

As a result, management has determined that such an additional condition also raises substantial doubt about the Company's ability to continue as a going concern.

…transactions are not entirely within our control, in accordance with applicable accounting standards, substantial doubt exists about our ability to continue as a going concern for at least one year after the date these condensed consolidated financial statements are issued.

As a result, management has determined that such an additional condition also raises substantial doubt about the Company's ability to continue as a going concern.

Management has determined that the liquidation, should a business combination not occur, and potential subsequent dissolution, as well as liquidity concerns raise substantial doubt about the Company's ability to continue as a going concern.

Due to the inherent uncertainties of the chapter 11 process and securing court confirmation, substantial doubt exists about the Company's ability to continue as a going concern for the one-year period from the issuance of these Interim Consolidated Financial Statements.

These material uncertainties raise substantial doubt as to the Company's ability to continue as a going concern.

As a result, management has determined that such additional condition also raises substantial doubt about the Company's ability to continue as a going concern within one year after the date that the unaudited financial statements are issued.

…management has concluded that these conditions, considered in the aggregate, raise substantial doubt about the Company's ability to continue as a going concern within one year after the date these condensed financial statements are issued.

Notwithstanding our plans to improve liquidity and address the Company's 2027 Notes and the Company's 2027 Mirror Notes prior to their maturity, substantial doubt exists about our ability to continue as a going concern over the next twelve months.

We have identified conditions that raise substantial doubt about our ability to continue as a going concern.

These factors raise substantial doubt about our ability to continue as a going concern for one year after the condensed consolidated financial statements included in this Quarterly Report are issued.

Accordingly, there is substantial doubt about the Company's ability to continue as a going concern.

These factors raise substantial doubt regarding the Company's ability to continue as a going concern.

Such potential liquidity shortfall raises substantial doubt about the Company's ability to continue as a going concern.

As a result, management has concluded that the aforementioned conditions, among other things, raise substantial doubt about the Company's ability to continue as a going concern for one year after the date the condensed consolidated financial statements are 7 issued.

These conditions raise substantial doubt about the Company's ability to continue as a going concern within one year after the date that the unaudited financial statements are issued.

The Company has an accumulated deficit of $ 1,312,700 at September 30, 2026, which, among other factors, raises substantial doubt about the Company's ability to continue as a going concern.

These conditions and events raise substantial doubt about the Company's ability to continue as a going concern.

Accordingly, these circumstances continue to raise substantial doubt about the Company's ability to continue as a going concern within one year after the date these interim unaudited condensed consolidated financial statements are issued.

Such potential liquidity shortfall and mandatory liquidation condition raise substantial doubt about the Company's ability to continue as a going concern.

These factors raise substantial doubt about the Company's ability to continue as a going concern.

Such factors raise substantial doubt about the Company's ability to sustain operations for at least one year from the issuance of these unaudited condensed financial statements.

…the liquidity condition and mandatory liquidation, should a Business Combination not occur, raise substantial doubt about the Company's ability to continue as a going concern for a period of time within one year after the date that the accompanying unaudited…

Therefore, substantial doubt exists about the Company's ability to continue as a going concern.

The principal risks and uncertainties affecting our business include the following: We have identified conditions and events that raise substantial doubt regarding our ability to continue as a going concern.

After evaluating these conditions and management's plans, the Company has concluded that there is substantial doubt about the Company's ability to continue as a going concern within one year after the date these unaudited condensed consolidated financial statements are issued.

These conditions raise substantial doubt about the Company's ability to continue as a going concern.

…management has concluded that there is substantial doubt about the Company's ability to continue as a going concern during the next year.

For these reasons our auditors believe that there is substantial doubt that we will be able to continue as a going concern.

These conditions raise substantial doubt about the Company's ability to continue as a going concern.

These factors raise substantial doubt about the Company's ability to continue as a going concern.

These conditions raise substantial doubt as to Crown Equity's ability to continue as a going concern.

…2026 that states that Company losses from operations raise substantial doubt about its ability to continue as a going concern.

However, substantial doubt about the Company's ability to continue as a going concern exists.

Due to these conditions, it raises substantial doubt about the Company's ability to continue as a going concern.

We expect to incur further losses in the development of our business, all of which raises substantial doubt as to our ability to continue as a going concern.

However, Universal Token has accumulated losses since its inception and has had negative cash flows from operations, which raise substantial doubt about its ability to continue as a going concern.

These factors raise substantial doubt about the Company's ability to continue as a going concern within one year of the date that the financial statements are issued.

These conditions raise substantial doubt about the Company's ability to continue as a going concern.

Therefore, management has determined that such additional condition raises substantial doubt about the Company's ability to continue as a going concern until the earlier of the consummation of the Business Combination or the date the Company is required to liquidate.

These factors raise substantial doubt regarding the Company's ability to continue as a going concern within one year of the date these unaudited condensed consolidated interim financial statements were issued.

…therefore substantial doubt exists about the Company's ability to continue as a going concern.

The Company has concluded that there is substantial doubt about its ability to continue as a going concern within one year after the date that the condensed consolidated financial statements are issued.

Management has determined that the liquidity condition raises substantial doubt about the Company's ability to continue as a going concern.

These conditions raise substantial doubt about the Company's ability to continue as a going concern for a reasonable period of time…

These factors raise substantial doubt about the Company's ability to continue as a going concern.

These factors raise substantial doubt about the Company's ability to continue as a going concern.