WPAC · White Pearl Acquisition Corp. · Webcasts, Transcripts & Audio

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

“In connection with the Company’s assessment of going concern considerations in accordance with the Financial Accounting Standards Board’s Accounting Standards Codification Subtopic 205-40, “Presentation of Financial Statements - Going Concern,” management has determined that the 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.”