Red Flags Detected

• ⚠ Going Concern (new) — The auditor's report includes an explanatory paragraph expressing substantial doubt about the company's ability to continue as a going concern.
• ⚠ Material Weakness (new) — The company discloses a material weakness in internal control over financial reporting, indicating significant deficiencies in financial reporting processes.
• ⚠ Controlled Company (new) — Only Class B shareholders can vote on director appointments, making the company a Nasdaq controlled company and reducing governance protections for public shareholders.
• ⚠ Related-party (new) — The company will pay an affiliate of the sponsor $25,000 per month for office space and administrative services, a related-party transaction that reduces funds available for other uses.
• ⚠ Dilution (new) — Founder shares were acquired at a nominal price and have anti-dilution provisions that could cause them to convert into more than one Class A share each, causing significant dilution to public shareholders.