M&A - Fuss Brands Corp.

Form Type: 10-Q

Filing Date: 2025-06-09

Corporate Action: Merger

Type: Update

Accession Number: 000182912625004334

Filing Summary: Fuss Brands Corp. filed a quarterly report on Form 10-Q for the period ending April 30, 2025. The document outlines the company's financial status, including a net loss of $23,442 for the quarter and total liabilities of $1,021,804. The company continues to explore options for mergers and acquisitions to enhance its operational capabilities, as indicated by management's forward-looking statements. The report reflects ongoing efforts to fulfill a $925,000 purchase order for luggage, suggesting a transition from shell status to operational functionality. Shareholder dynamics have changed, with the company confirming the issuance of Series A preferred stock and the conversion of some shares to common stock. Cash balance at the end of the reporting period was $5,618, highlighting liquidity concerns as the entity repositions itself for future business endeavors. Concern regarding the ability to continue as a going concern is noted, with management seeking additional funding sources.