Substantial doubt about the company's ability to continue as a going concern.
“In connection with our assessment of going concern considerations in accordance with ASC 205-40, "Presentation of Financial Statements — Going Concern," management has determined that the mandatory liquidation date and subsequent dissolution, should a Business Combination not occur, raise substantial doubt about our ability to continue as a going concern.”View the 10-Q filed Aug 12, 2026
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Crown Reserve Acquisition Corp. I amended its Business Combination Agreement with CRAC Merger Sub Inc. and Carvix, Inc., extending the Outside Date from September 30, 2026 to the later of February 10, 2027 and the date required under the Pre-Domestication Organizational Documents.
