ALPX · Alpex Acquisition Corp

Substantial doubt about the company's ability to continue as a going concern.

“In accordance with ASC 205-40, Presentation of Financial Statements—Going Concern, management evaluated whether there are conditions or events that raise substantial doubt about the Company's ability to continue as a going concern. Because the Company continues to incur significant acquisition-related costs, there is no assurance that a Business Combination will be completed within the required period, and the Company's existing resources may not be sufficient to fund operations for at least one year from the date the financial statements are issued, management concluded that substantial doubt exists about the Company's ability to continue as a going concern.”