CHASE PACKAGING CORP (WHLT) Form 10-Q — May 15, 2026
Chase Packaging Corporation reported a net loss of $153,777 for the quarter ended March 31, 2026, driven primarily by a $138,180 non-cash warrant modification expense. The company had no operating revenue, as it continues to operate as a shell entity seeking a merger or acquisition target. The firm holds $206,369 in cash and cash equivalents, which management believes is sufficient to fund operations for at least the next twelve months. Operating expenses remained flat at approximately $17,335, covering audit, payroll, and administrative costs.
Key figures
- Eps
- 0
- Total Assets
- 206369
- Cash Position
- 206369
- Shares Outstanding
- 61882172
- Operating expense
- 17335
- Warrants outstanding
- 6909000
- Warrant exercise price
- 0.15
- Warrant extension expense
- 138180
Price after filing
Close on the filing date to close N calendar days later (from $0.05). Historical, not a forecast.
AI analysis
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