{"id":1013783,"date":"2026-10-26T18:03:12","date_gmt":"2026-10-26T22:03:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/phaos-technology-holdings-cayman-limited-provides-required-going-concern-disclosure\/"},"modified":"2026-10-26T18:03:12","modified_gmt":"2026-10-26T22:03:12","slug":"phaos-technology-holdings-cayman-limited-provides-required-going-concern-disclosure","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/phaos-technology-holdings-cayman-limited-provides-required-going-concern-disclosure\/","title":{"rendered":"Phaos Technology Holdings (Cayman) Limited Provides Required Going Concern Disclosure"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">SINGAPORE, Oct.  26, 2026  (GLOBE NEWSWIRE) &#8212; Phaos Technology Holdings (Cayman) Limited (NYSE American: POAS) (\u201cPhaos\u201d or the \u201cCompany\u201d) reports that AssentSure PAC\u2019s audit report for the fiscal year ended April 30, 2026 includes a going-concern explanatory paragraph expressing substantial doubt about the Company\u2019s ability to continue operating as a going concern.<\/p>\n<p align=\"justify\">As disclosed in its FY2026 Annual Report, management identified no immediate liquidation concern and outlined mitigation plans involving debt and equity financing, product-sale cash flows and potential shareholder support.<\/p>\n<p align=\"justify\">These mitigation plans are intended to strengthen the Company\u2019s financial position. They should not be interpreted as an assurance that financing will be secured, shareholder support will be available or the going-concern uncertainty will be resolved.<\/p>\n<p align=\"justify\">The Company filed its Annual Report on Form 20-F with the U.S. Securities and Exchange Commission (\u201cSEC\u201d) on August 31, 2026.\u00a0The report and audited financial statements are available through SEC EDGAR and the Company\u2019s investor-relations website.<\/p>\n<p align=\"justify\">This announcement is being issued pursuant to Sections 401(h) and 610(b) of the NYSE American Company Guide. It does not amend or otherwise change the Company\u2019s previously filed FY2026 Annual Report or audited consolidated financial statements. Investors should review the going-concern discussion and associated risks in those filings.<\/p>\n<p align=\"justify\">\n        <strong>About Phaos Technology Holdings (Cayman) Limited<\/strong>\n      <\/p>\n<p align=\"justify\">Phaos Technology Holdings (Cayman) Limited is a Singapore-headquartered company with roots in advanced microscopy technology. The Company is pursuing a strategic repositioning toward engineering, procurement and construction (\u201cEPC\u201d), with the intention of broadening its business beyond microscopy. This strategic direction remains under development, with implementation dependent on the resources, capabilities and approvals required for the relevant initiatives.<\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">This release contains forward-looking statements within the meaning of applicable U.S. securities laws, including the Private Securities Litigation Reform Act of 1995, to the extent applicable. These include statements concerning financing, liquidity, operating cash flows, shareholder support, management\u2019s mitigation plans, the Company\u2019s strategic repositioning toward EPC and its ability to continue operating. Words such as \u201canticipate,\u201d \u201cbelieve,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cplan\u201d and similar expressions may identify forward-looking statements.<\/p>\n<p align=\"justify\">These statements reflect management\u2019s expectations and assumptions when made and are not guarantees of future performance. Actual outcomes may differ materially because of risks and uncertainties, including an inability to secure financing on acceptable terms, insufficient operating cash flows, unavailable shareholder support, unsuccessful mitigation measures, delays or difficulties in implementing the EPC strategy, and other risks described in the Company\u2019s FY2026 Form 20-F and subsequent SEC reports. There can be no assurance that the strategic repositioning will be completed or produce the intended benefits.<\/p>\n<p align=\"justify\">Readers should not place undue reliance on these statements, which speak only as of the date of this release. The Company undertakes no obligation to update them except as required by applicable law.<\/p>\n<p align=\"justify\">\n        <strong>No Offer or Solicitation<\/strong>\n      <\/p>\n<p align=\"justify\">This announcement is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to purchase securities. References to potential financing or strategic initiatives do not constitute a commitment that any financing or transaction will be completed.<\/p>\n<p align=\"justify\">\n        <strong>Investor Relations Contact<\/strong>\n      <\/p>\n<p align=\"justify\">Phaos Technology Holdings (Cayman) Limited<br \/><strong><u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=vAZmXtPv7JSuXcRGFAdh75AEQYGA73ausGOojOXpV87I1FPsuIaeiqux1vDSFHCSV29BxEVB0Jj8_Luij11vxKM3znRo9zyuJdch1GTrDAY=\" rel=\"nofollow\" target=\"_blank\">ir@phaostech.com<\/a><\/u><\/strong><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg1MzAwNCM3OTE1ODAxIzIyOTczMzA=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZTcxMGM4NmMtNTMwMS00YzFmLWE3YTctNjkxYzdmMjYwYzYwLTEzMDg4ODAtMjAyNi0xMC0yNi1lbg==\/tiny\/Phaos-Tech.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE, Oct. 26, 2026 (GLOBE NEWSWIRE) &#8212; Phaos Technology Holdings (Cayman) Limited (NYSE American: POAS) (\u201cPhaos\u201d or the \u201cCompany\u201d) reports that AssentSure PAC\u2019s audit report for the fiscal year ended April 30, 2026 includes a going-concern explanatory paragraph expressing substantial doubt about the Company\u2019s ability to continue operating as a going concern. As disclosed in its FY2026 Annual Report, management identified no immediate liquidation concern and outlined mitigation plans involving debt and equity financing, product-sale cash flows and potential shareholder support. These mitigation plans are intended to strengthen the Company\u2019s financial position. They should not be interpreted as an assurance that financing will be secured, shareholder support will be available or the going-concern uncertainty will be resolved. The Company filed &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/phaos-technology-holdings-cayman-limited-provides-required-going-concern-disclosure\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Phaos Technology Holdings (Cayman) Limited Provides Required Going Concern Disclosure&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1013783","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Phaos Technology Holdings (Cayman) Limited Provides Required Going Concern Disclosure - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/phaos-technology-holdings-cayman-limited-provides-required-going-concern-disclosure\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Phaos Technology Holdings (Cayman) Limited Provides Required Going Concern Disclosure - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SINGAPORE, Oct. 26, 2026 (GLOBE NEWSWIRE) &#8212; Phaos Technology Holdings (Cayman) Limited (NYSE American: POAS) (\u201cPhaos\u201d or the \u201cCompany\u201d) reports that AssentSure PAC\u2019s audit report for the fiscal year ended April 30, 2026 includes a going-concern explanatory paragraph expressing substantial doubt about the Company\u2019s ability to continue operating as a going concern. As disclosed in its FY2026 Annual Report, management identified no immediate liquidation concern and outlined mitigation plans involving debt and equity financing, product-sale cash flows and potential shareholder support. These mitigation plans are intended to strengthen the Company\u2019s financial position. They should not be interpreted as an assurance that financing will be secured, shareholder support will be available or the going-concern uncertainty will be resolved. 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As disclosed in its FY2026 Annual Report, management identified no immediate liquidation concern and outlined mitigation plans involving debt and equity financing, product-sale cash flows and potential shareholder support. These mitigation plans are intended to strengthen the Company\u2019s financial position. They should not be interpreted as an assurance that financing will be secured, shareholder support will be available or the going-concern uncertainty will be resolved. 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