other material
confidence high
sentiment negative
materiality 0.60
Kronos sets DogeSPAC spin-off record date; FY20 net loss $493K, going concern noted
KRONOS ADVANCED TECHNOLOGIES INC
- Record date June 15, 2021; 1 DogeSPAC unit per share to be distributed effective July 30, 2021 (missed original June 22 date).
- Audited FY20 revenue $41,215, net loss $493,443; FY19 revenue $616, net loss $389,109.
- Auditor expresses substantial doubt about going concern due to recurring losses and need for additional funding.
- Spin-off units are restricted until registered or exempt; may later be convertible into tradeable crypto units.