Red Flags Detected

• ⚠ Material Weakness (new) — Company now discloses seven material weaknesses across Legacy XCF and New Rise operations covering journal entries, risk assessment, financial reporting, IT controls, and deferred taxes.
• ⚠ Debt Default (new) — New Rise Reno is in default on $112.6M GNCU loan with approximately $32.5M past due as of March 31, 2026, excluding $2.8M in penalties.
• ✓ Going Concern (removed) — Baseline disclosed substantial doubt about going concern; current filing omits this language despite $1M cash versus $245M current liabilities.