Red Flags Detected

• ⚠ Going Concern (new) — Management identified substantial doubt about ability to continue operating due to losses and $155K cash position.
• ⚠ Debt Default (new) — New Rise Reno defaulted on $130.7M in loans; lender accelerated full balance and could foreclose on production facility.
• ⚠ Covenant Violation (new) — New Rise Reno defaulted on ground lease for production facility site due to missed payments; landlord could terminate lease.
• ⚠ Delisting (new) — Nasdaq issued delisting notice for failing to maintain $1.00 minimum bid price; company has until June 2026 to regain compliance.
• ⚠ Material Weakness (new) — Management concluded disclosure controls ineffective due to multiple unremediated material weaknesses in internal controls.