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Catheter Precision Makes NYSE American Section 610(b) Public Announcement

1. Catheter Precision, Inc. disclosed a substantial doubt regarding its going concern. 2. The announcement follows the filing of its Annual Report on Form 10-K. 3. Audit opinion raises questions about the company's financial stability. 4. No changes were made to the financial statements or Annual Report. 5. Required announcement under NYSE American guidelines highlights serious concerns.

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FAQ

Why Very Bearish?

A going concern opinion suggests imminent financial distress, historically linked to stock declines. Companies like Eastman Kodak faced severe market reactions following similar audits.

How important is it?

The announcement of a going concern opinion directly affects investor confidence and could lead to significant selling pressure.

Why Short Term?

Market reactions to going concern doubts typically affect immediate investor sentiment and stock prices, with historical cases demonstrating rapid sell-offs.

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CODXNVCR
April 17, 2025 16:48 ET  | Source: Catheter Precision, Inc. Fort Mill, S.C., April 17, 2025 (GLOBE NEWSWIRE) -- -- Catheter Precision, Inc. (VTAK - NYSE/American), a US based medical device company focused on developing technologically advanced products for the cardiac electrophysiology market, announced today that, as previously disclosed in its Annual Report on Form 10-K for the year ended December 31, 2024, filed March 31, 2025, with the Securities and Exchange Commission, the audited financial statements contained an audit opinion from its independent registered public accounting firm that included a Substantial Doubt Regarding Going Concern paragraph. See further discussion in footnote 1 to the Company's consolidated financial statements included in the Company's Annual Report on Form 10-K. This announcement is made pursuant to NYSE American Company Guide Section 610(b), which requires separate public announcement of the receipt of an audit opinion containing a going concern paragraph. This announcement does not represent any change or amendment to the Company's consolidated financial statements or to its Annual Report on Form 10-K for the year ended December 31, 2024. CONTACTS: At the CompanyDavid Jenkins973-691-2000info@catheterprecision.com

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