Avalanche Treasury Corp (AVAT) disclosed a going-concern warning in a 10-Q filing after its stock crashed 93% in a month. Its $265M AVAX position was worth about $123M by the end of March.

Avalanche Treasury Corp (AVAT) disclosed a going-concern warning in a 10-Q filing after its stock crashed 93% in a month. Its $265M AVAX position was worth about $123M by the end…

At the end of the first quarter, the company's management raised 'substantial doubt' about its ability to continue operations.

Avalanche Treasury (AVAT) stock has crashed 73% since its June NASDAQ debut, with SEC filings warning the AVAX-focused firm may not survive the year.