Going concern warnings

As a result, there is substantial doubt about our ability to continue as a going concern.

A working capital deficit and 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.

Accordingly, based on the considerations discussed above, management has concluded there is substantial doubt as to the Company's ability to continue as a going concern within one year from the date these unaudited condensed consolidated financial statements are issued.

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

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

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

Without raising additional capital, there is substantial doubt about the Company's ability to continue as a going concern through August 14, 2027.

Therefore, these conditions raise substantial doubt about the Company's 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 condensed financial statements are issued.

The Company's recurring losses, negative operating cash flows, limited cash resources relative to its projected cash requirements, and dependence on access to external financing raise substantial doubt about its ability to continue as a going concern.

Such conditions raise substantial doubts 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 unaudited condensed consolidated financial statements are issued.

This factor as well as other factors raise 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 within one year after the date these condensed consolidated financial statements are issued.

These conditions raise substantial doubt about our ability to continue as a going concern.

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.

These conditions, among others, raise substantial doubt about the ability of the Company to continue as a going concern for one year from the date these consolidated condensed financial statements are issued.

The accompanying condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern; however, the above condition raises substantial doubt about the Company's ability to do so.

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

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

The Company's current financial conditions and recurring losses raise substantial doubt about its ability to continue as a going concern.

As of June 30, 2026, certain conditions remain that raise substantial doubt about the Company's ability to continue as a going concern for a period of twelve months from the issuance of these financial statements.

There is substantial doubt about the Company's ability to continue as a going concern for a period of twelve months from the date these financial statements were available to be issued.

…of June 30, 2026, the Company had not yet achieved profitable operations and expects to incur further losses in the development of its business, all of which raise substantial doubt about the Company's ability to continue as a going concern.

These matters raise substantial doubt about the Company's ability to continue as a going concern for a reasonable period of time, which is defined as within one year after the date that the consolidated financial statements are issued.

…management has determined that the accumulated deficit and working capital deficit continue to raise substantial doubt about the Company's ability to continue as a going concern for a period of twelve months from the date these financial statements are issued.

These factors, among others, raise substantial doubt about the ability of the Company 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.

In view of these matters, there is substantial doubt about the Company's ability to continue as a going concern.

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

…liquidation date, together with the Company's lack of operating revenues and dependence on the Trust Account, raises 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 raises substantial doubt about its ability to continue as a going concern.

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

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

As of June 30, 2026, the Company is not able to finance day to day activities through operations and as such, there is substantial doubt as to 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 and events raise substantial doubt about the Company's ability to continue as a going concern.

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

As a result, there is substantial doubt regarding the Company's ability to continue as a going concern.

These material uncertainties raise 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 the next twelve-month period since the date of the financial statements were issued.

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

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

Further, the accumulated (deficit) has raised at that date, which raises substantial doubt about its ability to continue as a going concern.

However, the resumption of royalty payments has not yet alleviated the conditions that raise substantial doubt about the Company's ability to continue as a going concern.

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

Management has evaluated these conditions and determined that they raise substantial doubt about the Company's ability to continue as a going concern for a period of one year from the date these 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 within one year after the date that the financial statement is issued.

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

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

These factors among others raise substantial doubt about our ability to continue as a going concern.

Based on these circumstances, management has determined that there is substantial doubt about the Company's ability to continue as a going concern due to the uncertainty of liquidity requirements and the mandatory liquidation date within one year.

…management has determined that the Company's liquidity position and mandatory liquidation within 12 months of the date of these financial statements raise substantial doubt about the Company's ability to continue as a going concern.

These factors create substantial doubt about the Company's ability to continue as a going concern for at least one year after the date that the Company's condensed consolidated financial statements are issued.

When considered in aggregate, these factors raise substantial doubt about our ability to continue as a going concern for the one-year period from the date of issuance of these financial statements.

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

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

…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.

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

The accumulated deficit raises substantial doubt about the Company's ability to continue as a going concern.

…circumstances, in accordance with the requirements of Accounting Standards Codification ("ASC") 205-40, management has concluded that there is 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 within one year of the date that the financial statements are issued.

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 the condensed consolidated financial statements are issued.

As a result, management has determined that there is substantial doubt as to our ability to continue as a going concern.

As a result of the foregoing, management has concluded that there is substantial doubt regarding the Company's ability to continue as a going concern for a period of at least 12 months beyond the date these condensed consolidated financial statements…

These matters, among others, raise substantial doubt about the Company's ability to continue as a going concern.

These matters raise 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.

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

Management has determined that the timing of liquidation raises substantial doubt about the Company's ability to continue as a going concern for the next twelve months from the issuance of these unaudited condensed financial statements.

Management concluded that these conditions raise substantial doubt about the Company's ability to continue as a going concern within one year of the issuance of the Company's condensed consolidated financial statements included herein.

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

…known or reasonably knowable as of the date that these condensed consolidated financial statements are issued and concluded that there are conditions present in the aggregate that raise substantial doubt about the Company's ability to continue as a going concern.

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

For this reason, there is substantial doubt about the Company's ability to continue as a going concern in the absence of obtaining substantial additional funding.

Therefore, there is substantial doubt about the Company's ability to continue as a going concern for a period of one year from the issuance of these unaudited interim consolidated financial statements.

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

These factors 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.

This factor raises 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 factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time.

The Company's liquidity condition and mandatory liquidation 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 condensed consolidated financial statements are…

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

In view of these matters, there is 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.

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

The Company's liquidity condition and mandatory liquidation 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 condensed financial statements are issued.

These conditions and events raise substantial doubt about our ability to continue as a going concern within one year after the date these condensed consolidated financial statements are issued.

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

These conditions raise 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 period of one year after the date these financial statements are issued.

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

These conditions raise substantial doubt about our 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 within one year after the date that these unaudited condensed consolidated financial statements are issued.

…burn for the foreseeable future, as well as recurring losses from operations, management has concluded that there is substantial doubt regarding the Company's ability to continue as a going concern for a period of at least 12 months beyond the…

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

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

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

The above conditions raise 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 within one year after the financial statements are issued.