Amaze Provides Update on Its Annual Filing

Rhea-AI Summary

Amaze Holdings (NYSE American: AMZE) has disclosed that its audited financial statements for the year ended December 31, 2024, filed on March 31, 2025, included an unqualified audit opinion with a going concern paragraph from its independent registered public accounting firm.

The announcement, made pursuant to Section 610(b) of the NYSE American Company Guide, is a mandatory disclosure requirement when receiving an audit opinion containing a going concern paragraph. The company emphasized that this disclosure does not represent any changes or amendments to their fiscal year 2024 filings.

Positive

• None.

Negative

• Auditors issued going concern warning, indicating substantial doubt about company's ability to continue operations
• Potential risk of financial instability or insolvency
• May face difficulties raising capital or maintaining NYSE American listing requirements

NEWPORT BEACH, CA / ACCESS Newswire / April 24, 2025 / Amaze Holdings, Inc. (NYSE American:AMZE) ("Amaze" or the "Company"), a global leader in creator-powered commerce, today announced that, as previously disclosed in its Annual Report on Form 10-K for the year ended December 31, 2024, which was filed on March 31, 2025 with the Securities and Exchange Commission, its audited financial statements contained an unqualified audit opinion from its independent registered public accounting firm that included an explanatory paragraph related to the Company's ability to continue as a going concern.

Release of this information is being provided pursuant to Section 610(b) of the NYSE American Company Guide, which requires public announcement of the receipt of an audit opinion containing a going concern paragraph. It does not represent any change or amendment to any of the Company's filings for the fiscal year ended December 31, 2024.

For investor information, visit IR@amaze.co

For press inquiries, please contact PR@amaze.co

Original posted on ACCESS Newswire.

About Amaze:
Amaze Software, Inc., a wholly owned subsidiary of Amaze Holdings, Inc., is an end-to-end, creator-powered commerce platform offering tools for seamless product creation, advanced e-commerce solutions, and scalable managed services. By empowering anyone to "sell anything, anywhere," Amaze enables creators to tell their stories, cultivate deeper audience connections, and generate sustainable income through shoppable, authentic experiences. Discover more at www.amaze.co.

Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These statements relate to future events and developments or to our future operating or financial performance, are subject to risks and uncertainties and are based estimates and assumptions. Forward-looking statements may include, but are not limited to, statements about our strategies, initiatives, growth, revenues, expenditures, our plans and objectives for future operations, and future financial and business performance. These statements can be identified by words such as such as "may," "might," "should," "would," "could," "expect," "plan," "anticipate," "intend," "believe," "estimate," "predict," "potential" or "continue," and are based our current expectations and views concerning future events and developments and their potential effects on us.

These statements are subject to known and unknown risks, uncertainties and assumptions that could cause actual results to differ materially from those projected or otherwise implied by the forward-looking statement. These risks include: our ability to execute our plans and strategies; our limited operating history and history of losses; our financial position and need for additional capital; our ability to attract and retain our creator base and expand the range of products available for sale; we may experience difficulties in managing our growth and expenses; we may not keep pace with technological advances; there may be undetected errors or defects in our software or issues related to data computing, processing or storage; our reliance on third parties to provide key services for our business, including cloud hosting, marketing platforms, payment providers and network providers; failure to maintain or enhance our brand; our ability to protect our intellectual property; significant interruptions, delays or outages in services from our platform; significant data breach or disruption of the information technology systems or networks and cyberattacks; risks associated with international operations; general economic and competitive factors affecting our business generally; changes in laws and regulations, including those related to privacy, online liability, consumer protection, and financial services; our dependence on senior management and other key personnel; and our ability to attract, retain and motivate qualified personnel and senior management.

Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other future filings and reports that we file with the Securities and Exchange Commission (SEC) from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Also, these forward-looking statements represent our estimates and assumptions only as of the date of the press release. Unless required by law, we undertake no obligation to update or revise any forward-looking statements to reflect new information or future events or developments.

SOURCE: Amaze Holdings, Inc.

View the original press release on ACCESS Newswire

FAQ

What does the going concern warning mean for Amaze Holdings (AMZE) stock?

A going concern warning indicates that auditors have substantial doubts about the company's ability to continue operating in the foreseeable future, which could significantly impact investor confidence and stock value.

Why did Amaze Holdings (AMZE) receive a going concern notice in their 2024 audit?

Amaze Holdings received a going concern notice in their independent auditor's opinion, indicating significant concerns about the company's financial viability, though specific reasons were not disclosed in the announcement.

What are the NYSE American requirements for AMZE regarding going concern disclosures?

Under Section 610(b) of the NYSE American Company Guide, AMZE must publicly announce when they receive an audit opinion containing a going concern paragraph.

When did Amaze Holdings (AMZE) file their 2024 annual report?

Amaze Holdings filed their Annual Report on Form 10-K for the year ended December 31, 2024, on March 31, 2025.