CHAR faces liquidity crisis, extends deadline to July 2026 amid going-concern warning

Filed June 17, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 12, 2025 · ~1 min read

Key Changes

• high

  Cash plunged from $186k to $4.6k year-over-year; working capital swung from $239k surplus to $272k deficit. Management now cites substantial doubt about ability to continue as a going concern.

  MD&A: Going Concern verify on EDGAR →
• high

  Company reversed prior guidance, now stating it will need to raise additional funds to operate. Working capital loan borrowings increased to $143k from $101k at year-end 2025.

  MD&A: Liquidity Outlook verify on EDGAR →
• high

  Business combination deadline extended from April 25 to July 25, 2026. If no deal closes by then, the board will commence voluntary liquidation.

  MD&A: Combination Deadline verify on EDGAR →