Accredited Solutions Inc (ASII)

[BigBadWolf]

As a retired MBA/CPA the Reporting Rules required to be in Subsequent Events

In a 10-Q, Item 1, Financial Statements, requires disclosure of subsequent events (material events occurring after quarter-end but before the filing date).

These are usually presented either in a Subsequent Events footnote to the financials, or in MD&A (Management’s Discussion & Analysis).

A pending merger, acquisition, or LOI is unquestionably material if still active, especially if it involves a Nasdaq uplist through a SPAC like EVCO.

Application to ASII–EVCO

The LOI (signed March 21, 2025) carried an expected definitive agreement/closing window that would have spilled over into Q2 (ended June 30, 2025).

If the EVCO deal were still in play as of August 19, 2025 (Q2 filing date), ASII would normally be required to disclose an update in the “Subsequent Events” section.

As an example: “The Company continues to negotiate a definitive agreement with EVCO…”

The fact that ASII’s Q2 filing today made no mention of EVCO strongly suggests either the LOI expired or was abandoned without execution of a definitive merger agreement,

Or if ASII is intentionally omitting disclosure that would be in violation of & would raise a red flag relating to Rule 10b-5 issues if the EVCO transaction were still live.

So in conclusion & as per SEC Regs/Rules if the EVCO deal were still active, ASII should have disclosed it in the Q2 Subsequent Events section.

Since it did not, the most logical inference is that the EVCO LOI has effectively expired or been dropped, even if not formally announced. After review of
Subsequent Events in Q2 2025 Filing In Note 12 – Subsequent Events, the company states:

Management has evaluated subsequent events, in accordance with FASB ASC Topic 855, ‘Subsequent Events,’ through the date which the financial statements were available to be issued and there are no material subsequent events.