Thunder Power faces liquidity crisis with $8,666 cash, delisted to OTC, material weakness persists

Filed May 22, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 20, 2025 · ~1 min read

Key Changes

• high

  Cash plummeted to $8,666 as of March 31, 2026 (from $19,812 prior year), with accumulated deficit reaching $39.5M and substantial doubt about going concern. Prepaid forward contract asset does not provide near-term liquidity.

  MD&A: Liquidity and Capital Resources verify on EDGAR →
• high

  Nasdaq delisting completed in July 2025; shares now trade OTC, severely limiting institutional ownership and capital-raising options. Company lost compliance obligations but also market access.

  MD&A: Nasdaq Delisting verify on EDGAR →
• high

  Material weakness in financial reporting controls persists unchanged for 18 months (September 2024 through March 2026), indicating insufficient GAAP-knowledgeable personnel and no remediation progress.

  Controls and Procedures verify on EDGAR →