AssentSure PAC included a going-concern explanatory paragraph in its audit report for the fiscal year ended April 30, 2026, citing substantial doubt regarding Phaos Technology Holdings' ability to continue operating. Management identified no immediate liquidation risk and outlined mitigation plans involving debt and equity financing, product-sale cash flows, and potential shareholder support, though these do not guarantee resolution of the uncertainty. The company is a Singapore-headquartered firm with roots in advanced microscopy technology pursuing strategic repositioning toward engineering, procurement and construction.
