Item 1A. Risk Factors
ITEM 1A. RISK FACTORS
As a smaller reporting company,
we are not required to make disclosures under this Item.
Our independent registered public
accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about our ability to continue as a “going
concern.”
As of December 31, 2024, the
Company had cash of $392,679 and a working capital equity of $433,179. Further, we have incurred and expect to continue to incur significant
costs as a public company (for legal, financial reporting, accounting and auditing compliance), as well as expenses in connection with
our initial business combination activities. Management’s plans to address any need for additional capital are discussed in “Part
II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.” We cannot assure you that
any efforts to raise capital (if required) or to consummate an initial business combination will be successful. These factors, among others,
raise substantial doubt about our ability to continue as a going concern. The financial statement contained elsewhere in this Form 10-K
do not include any adjustments that might result from our inability to continue as a going concern.
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