Zicix Corp receives a going-concern warning as it negotiates to restructure $947,000 in matured, unpaid convertible debt.
SEC EDGAR, 2026-10-15: 10-K — "substantial doubt"
Zicix Corp receives a going-concern warning as it negotiates to restructure $947,000 in matured, unpaid convertible debt.
Company: Zicix Corp (ZICX) Filed: October 15, 2026, 10-K (Item: none listed) Phrase: "substantial doubt" — "These conditions raise substantial doubt about its ability to continue as a going concern." What the filing says: Zicix Corp's auditor issued a going-concern warning for the fiscal year ended March 31, 2026, noting that the company has incurred recurring losses, has zero cash, and faces a working capital deficit of $2,983,418 and an accumulated deficit of $5,702,252. Certain of its convertible debts have matured and remain unpaid. Management is actively negotiating with holders of convertible debts and notes totaling approximately $947,000 in principal and unpaid interest to restructure terms, extend maturities, or convert the debt to equity. Two ways it goes: A. The company reaches binding agreements to restructure its matured debt and secures sufficient funding to sustain its operations. B. Debt restructuring negotiations fail, creditors demand immediate repayment, and the company is forced to liquidate. Next date: none named Watch: SEC filings or public announcements detailing finalized debt restructuring agreements or creditor legal actions.