CRAQR · Cal Redwood Acquisition Corp. · Documents

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

“Management has determined that the mandatory liquidation and subsequent dissolution, should the Company be unable to complete a Business Combination by May 27, 2027 raises substantial doubt about the Company's ability to continue as a going concern. Management plans to address this uncertainty through search for and completion of a Business Combination. There are no assurances that the Company's plans to consummate a Business Combination will be successful by May 27, 2027. The unaudited condensed financial statements do not include any adjustments that might result from the outcome of this uncertainty.”