Going concern warnings
How this is computed
In the last 12 months, 1,346 companies filed a 10-K, 10-Q, 20-F, 40-F or 6-K that states substantial doubt about their ability to continue as a going concern (4,038 filings), in Kresmion's read of filings through Nov 6, 2026; 214 of them are blank-check companies (SPACs).
Kresmion reads each company's periodic SEC filings with deterministic text rules and lists a filing only when it states substantial doubt about the company's own ability to continue as a going concern as a present conclusion; possible or future doubt, alleviated doubt, doubt about another entity, policy text and 8-K reports are left out, and so is a filing whose full text says the doubt was alleviated. Each row quotes the filing.
Which companies' filings state substantial doubt?
latest filing read Nov 6, 2026| Company | Filing | What the filing says |
|---|---|---|
| VACH.DVoyager Acquisition Corp./Cayman Islands | 10-Q May 20, 2026 | These conditions raise substantial doubt about the Company's ability to continue as a going concern within one year after the date these unaudited condensed financial statements are issued.Read the 10-Q on SEC EDGAR |
| HSPT.DHorizon Space Acquisition II Corp. | 10-Q May 20, 2026 | …Presentation of Financial Statements - Going Concern, management has determined that these conditions raise substantial doubt about the Company's ability to continue as a going concern.Read the 10-Q on SEC EDGAR |
| CCIX.DChurchill Capital Corp IX/Cayman | 10-Q May 15, 2026 | These conditions raise substantial doubt about our ability to continue as a going concern.Read the 10-Q on SEC EDGAR |
| RAAQ.DReal Asset Acquisition Corp. | 10-Q May 15, 2026 | Therefore, the Company has concluded that there is substantial doubt about its ability to continue as a going concern for a period of one year from the date that these condensed financial statements are issued.Read the 10-Q on SEC EDGAR |
| MSSAFMetal Sky Star Acquisition Corp | 10-Q May 15, 2026 | The Company has an accumulated deficit of $8,344,015 and a working capital deficit of $5,465,810 as of March 31, 2026, which raises substantial doubt about its ability to continue as a going concern.Read the 10-Q on SEC EDGAR |
| MLAC.DMountain Lake Acquisition Corp. | 10-Q May 15, 2026 | These conditions raise substantial doubt about the Company's ability to continue as a going concern.Read the 10-Q on SEC EDGAR |
| GFUZGeneral Fusion Group Ltd. | 20-F Jul 16, 2026 | …raise substantial doubt about its ability to continue as a going concern.Read the 20-F on SEC EDGAR |
| CDAQF.DCompass Digital Acquisition Corp. | 10-Q May 14, 2026 | Management has determined that the liquidity condition and 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.Read the 10-Q on SEC EDGAR |
| TLGYF.DTLGY ACQUISITION CORP | 10-Q May 14, 2026 | …deficit, and the requirement to complete a Business Combination within the prescribed timeframe raise substantial doubt about the Company's ability to continue as a going concern within one year after the date that these unaudited condensed financial statements are issued.Read the 10-Q on SEC EDGAR |
| CEPT.DCantor Equity Partners II, Inc. | 10-Q May 8, 2026 | The Company's mandatory liquidation date, if the Business Combination is not consummated, raises substantial doubt about the Company's ability to continue as a going concern.Read the 10-Q on SEC EDGAR |
| LEGT.DLegato Merger Corp. III | 10-Q Apr 14, 2026 | …management has determined that the liquidity conditions and the mandatory liquidation and subsequent dissolution raise substantial doubt about the Company's ability to continue as a going concern.Read the 10-Q on SEC EDGAR |
| WLAC.DWillow Lane Acquisition Corp. | 10-Q May 15, 2026 | These conditions raise substantial doubt about our ability to continue as a going concern.Read the 10-Q on SEC EDGAR |
| EMCGFEmbrace Change Acquisition Corp. | 10-Q Dec 10, 2025 | …redeem the Public Shares and thereafter liquidate and dissolve raises substantial doubt about the Company's ability to continue as a going concern within one year after the date that the unaudited interim consolidated financial statements are issued.Read the 10-Q on SEC EDGAR |
| COOLCorner Growth Acquisition Corp. | 10-Q Nov 18, 2025 | The Company demonstrates adverse conditions that raise substantial doubt about the Company's ability to continue as a going concern for one year following the issuance of the financial statements included herein.Read the 10-Q on SEC EDGAR |
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Method
- Each row is a filing of the last 12 months (10-K, 10-Q, 20-F, 40-F or 6-K) in which the company itself states substantial doubt about its ability to continue as a going concern. The quote is that sentence, taken from the filing; "…" marks where Kresmion's stored excerpt cut it.
- A company is listed only while that filing is its most recent 10-K, 10-Q, 20-F or 40-F in Kresmion's record (a 6-K may follow it). Once a newer annual or quarterly report is on file without the statement, the company leaves the list.
- A filing is listed only when it states the doubt as a present conclusion (in the notes, the discussion, the auditor's report or a risk factor worded as fact). Not listed: a possible or future doubt ("could raise", "future conditions"), doubt that management's plans or new funds have alleviated, doubt about a subsidiary only, accounting-policy text with no conclusion, a former auditor's earlier opinion, and 8-K current reports.
- Kresmion also reads each listed filing's full text: a filing that says anywhere that the doubt has been alleviated, or no longer exists, is left out. The doubt must be about the company itself, not a subsidiary, a tenant or a borrower, and an accounting step taken before management's plans is not read as the conclusion.
- A filing can also describe management's plans to address the doubt. Read the filing for the full context.
- Kresmion reads the filings with deterministic text rules; no language model decides a row. Before publication Kresmion reviewed every quote on the list, and a row any review rejected is a test the rules must pass.
- Blank-check companies (SPACs) are listed apart, under their own switch: their filings tie the doubt to the deadline for completing a business combination, which is routine for the form. Kresmion marks a row as a SPAC from the filing's own wording.
- "N filings in 12 months" counts the filings in Kresmion's record with the same statement; it is not a claim about the company's full history.
- Source: the companies' own filings with the U.S. Securities and Exchange Commission (EDGAR). Information only, not investment advice.
Cite this data
Kresmion reads each company's periodic SEC filings with deterministic text rules and lists a filing only when it states substantial doubt about the company's own ability to continue as a going concern as a present conclusion; possible or future doubt, alleviated doubt, doubt about another entity, policy text and 8-K reports are left out, and so is a filing whose full text says the doubt was alleviated. Each row quotes the filing.
Upstream: SEC EDGAR: 10-K, 10-Q, 20-F, 40-F and 6-K filings
Kresmion, "Kresmion Going Concern Warnings", data as of 2026-11-06, https://kresmion.com/tools/going-concern. Upstream data: SEC EDGAR: 10-K, 10-Q, 20-F, 40-F and 6-K filings.
Link to this data (HTML):
<a href="https://kresmion.com/tools/going-concern">Kresmion Going Concern Warnings (Kresmion)</a>
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