Issue 002 | U.S. Pilot | US

ASBP

Aspire Biopharma Holdings, Inc.

Screen state: Passing Source state: Verified 10-Q | 2026-05-15 Filing currency: USD

Open Filing Back to Register Report a correction

Internal NCAV Discount 73.0%

GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.

Current Assets: 7,117,147USD
Total Liabilities: 3,248,684USD
NCAV: 3,868,463USD
Cash: 5,857,024USD
NCAV per share: 2.99USD/share
Evidence: 4 annual | 30 quarterly

Mary filing review

Financial Statement Evidence

Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.

Not captured in this issue’s Mary run.

This archived issue is not backfilled with observations from a later screening run.

Business Profile

Checklist-driven facts extracted from filing text. Missing fields stay visible in the details.

business_profile_v1

Business profile: 0 of 12 fields established by the current extractor.

Business Profile Field Details

Business Description

Missing Source

Not established by the current extractor from the selected filing context.

Revenue Model

Missing Source

Not established by the current extractor from the selected filing context.

Customers And Channels

Missing Source

Not established by the current extractor from the selected filing context.

Segments And Geography

Missing Source

Not established by the current extractor from the selected filing context.

Tangible Operations Assets

Missing Source

Not established by the current extractor from the selected filing context.

Value Chain

Missing Source

Not established by the current extractor from the selected filing context.

Competition Positioning

Missing Source

Not established by the current extractor from the selected filing context.

Business Lifecycle Cyclicality

Missing Source

Not established by the current extractor from the selected filing context.

Strategy And Capital Allocation

Missing Source

Not established by the current extractor from the selected filing context.

Management Governance Signals

Missing Source

Not established by the current extractor from the selected filing context.

Disclosed Risks

Missing Source

Not established by the current extractor from the selected filing context.

Known Unknowns

Missing Source

Not established by the current extractor from the selected filing context.

Business Profile Sources

Source	Filing	Date	Type	Status	Provenance
S1	0001493152-26-023802	2026-05-15	10-Q	Verified	Data Vault \| sec/cleaned/cik=0001847345/accession=0001493152-26-023802/parser=html-cleaner-v1/full.txt

Historical values can be viewed as reported in each filing or normalized to the latest verified split basis. These are measurement aids, not conclusions about a company.

Policy: normalize_to_latest_verified_split_basis | quality: verified

Display basis Normalized to latest verified split basis As reported in each filing

Metric	2026-03-31 10-Q Open filing	2025-12-31 10-K Open filing	2025-09-30 10-Q Open filing	2025-06-30 10-Q Open filing	2025-03-31 10-Q Open filing	2024-12-31 10-K Open filing	2024-09-30 10-Q Open filing	2024-06-30 10-Q Open filing	2024-03-31 10-Q Open filing	2023-12-31 10-K Open filing	2023-09-30 10-Q Open filing	2023-06-30 10-Q Open filing	2023-03-31 10-Q Open filing	2022-12-31 10-K Open filing	2022-09-30 10-Q Open filing	2022-06-30 10-Q Open filing	2022-03-31 10-Q Open filing
Period-end Shares Outstanding	167,470167,470	23,5563,533,408	8,25449,525,970	8,25449,525,970	8,15048,900,970	n/an/a	n/an/a	n/an/a	n/an/a	47,91714,375,000	1,19814,375,000	5997,187,500	n/an/a	5997,187,500	5997,187,500	5997,187,500	5997,187,500
Weighted-average Basic Shares	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	5997,187,500	1,32315,875,671	2,39628,750,000	n/an/a	2,39628,750,000	2,39628,750,000	95811,500,000
Weighted-average Diluted Shares	156,685156,685	9,9661,494,956	8,25449,525,970	8,22249,333,662	6,31537,890,189	1,3748,244,188	25,8847,765,144	28,2198,465,764	29,9718,991,229	54,87216,461,668	7498,991,229	2,00524,055,927	2,39628,750,000	2,04124,496,575	2,39628,750,000	2,39628,750,000	95811,500,000
Basic EPS	-21-21	n/an/a	-0-0	n/an/a	-505-505	n/an/a	-0-0	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Diluted EPS	-21-21	-16-16	-0-0	n/an/a	-505-505	-2-2	-0-0	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Basic-to-Diluted Share Difference	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	25.1%	51.5%	0.0%	Insufficient evidence	0.0%	0.0%	0.0%
Net Share Count Change	610.9%	185.4%	0.0%	1.3%	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	3900.0%	100.0%	Insufficient evidence	Insufficient evidence	0.0%	0.0%	0.0%	Insufficient evidence
Ownership Claim Change	-85.9%	-65.0%	0.0%	-1.3%	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	-97.5%	-50.0%	Insufficient evidence	Insufficient evidence	0.0%	0.0%	0.0%	Insufficient evidence

Verified split events: reverse 40.0 on 2024-01-09; forward 20.0 on 2024-12-31; reverse 40.0 on 2026-01-16; reverse 5.0 on 2026-03-31; reverse 30.0 on 2026-05-11

Known Unknowns

Medium | Share Count

The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.

Low | Classification

U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric	2025-12-31 10-K USD	2024-12-31 10-K USD	2023-12-31 10-K USD	2022-12-31 10-K USD
Revenue	6,202	n/a	n/a	n/a
Operating Income	-19,351,291	-1,210,871	n/a	n/a
Net Income	-24,480,848	-12,537,472	4,464,079	3,340,238
Cash From Operations	-4,923,488	-2,054,680	-653,107	-1,408,786
Capex	n/a	n/a	n/a	n/a
Free Cash Flow	n/a	n/a	n/a	n/a
Cash And Equivalents	1,003,904	n/a	n/a	497,259
Accounts Receivable	n/a	n/a	n/a	n/a
Inventory	253,160	n/a	n/a	n/a
Total Current Assets	1,312,166	45,842	81,223	1,097,752
Total Assets	1,312,166	6,714,364	19,982,392	300,182,005
Total Current Liabilities	7,592,833	15,616,047	403,328	303,323
Total Liabilities	7,688,495	15,616,047	403,328	11,115,823
Shareholders Equity	-6,376,329	-15,570,205	-322,105	-9,937,901
Shares Outstanding	33,494	4,600	359,375	179,688
Shares Outstanding Diluted	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	9,966	4,599	n/a	n/a
Weighted Avg Shares Basic	9,966	4,599	n/a	n/a
Net Share Count Change (Normalized)	185.4%	Insufficient evidence	3900.0%	0.0%
Ownership Claim Change (Normalized)	-65.0%	Insufficient evidence	-97.5%	0.0%

Quarterly Financials

Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.

Metric	2026-03-31 10-Q USD	2025-12-31 10-K USD	2025-12-31 10-K USD	2025-09-30 10-Q USD	2025-06-30 10-Q USD	2025-03-31 10-Q USD	2024-12-31 10-K USD	2024-12-31 10-K USD	2024-09-30 10-Q USD	2024-09-30 10-Q USD	2024-06-30 10-Q USD	2024-03-31 10-Q USD	2023-12-31 10-K USD	2023-12-31 10-K USD	2023-12-31 10-K USD	2023-12-31 10-K USD	2023-12-31 10-K USD	2023-12-31 10-K USD	2023-09-30 10-Q USD	2023-06-30 10-Q USD	2023-03-31 10-Q USD	2022-12-31 10-K USD	2022-12-31 10-K USD	2022-12-31 10-K USD	2022-12-31 10-K USD	2022-12-31 10-K USD	2022-12-31 10-K USD	2022-09-30 10-Q USD	2022-06-30 10-Q USD	2022-03-31 10-Q USD
Revenue	28,353	n/a	n/a	1,941	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Operating Income	-1,646,169	n/a	n/a	-1,145,497	n/a	-15,556,480	n/a	n/a	n/a	-215,256	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Income	-3,222,892	-4,707,734	-4,707,734	-1,850,493	-1,981,293	-15,941,328	-8,931,094	-8,931,094	-537,019	-537,019	-602,258	-2,467,101	-150,913	-150,913	-150,913	-150,913	-150,913	-150,913	-69,258	1,811,817	2,872,433	2,109,461	2,109,461	2,109,461	2,109,461	2,109,461	2,230,155	1,077,216	120,693	-87,826
Cash From Operations	-3,038,522	-927,841	-927,841	-1,103,809	-1,140,310	-1,751,528	772,124	772,124	25,504	25,504	-592,315	-2,259,993	-156,128	-156,128	-156,128	-156,128	-156,128	-156,128	-124,921	-189,951	-182,107	-35,870	-35,870	-35,870	-35,870	-35,870	-35,870	-46,622	-38,371	-1,287,923
Capex	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Free Cash Flow	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Cash And Equivalents	5,857,024	1,003,904	1,003,904	1,948,271	206,233	1,346,543	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	280	125,201	315,152	n/a	n/a	n/a	n/a	n/a	n/a	533,129	579,751	618,122
Total Current Assets	7,117,147	1,312,166	1,312,166	2,403,129	989,422	1,965,514	45,842	45,842	61,809	61,809	342,973	65,577	81,223	81,223	81,223	81,223	81,223	81,223	253,362	546,144	906,455	1,097,752	1,097,752	1,097,752	1,097,752	1,097,752	1,097,752	1,146,486	1,208,880	1,263,023
Total Liabilities	3,248,684	7,688,495	7,688,495	13,870,407	10,606,207	8,918,256	15,616,047	15,616,047	6,572,881	6,572,881	6,240,280	2,633,383	403,328	403,328	403,328	403,328	403,328	403,328	316,316	284,356	11,168,921	11,115,823	11,115,823	11,115,823	11,115,823	11,115,823	11,115,823	11,001,205	10,958,966	10,864,256
Shares Outstanding	1,295,234	3,533,408	23,556	17,913	8,254	8,150	690,044	115	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	1,198	359,375	179,688	n/a	n/a	n/a	n/a	n/a	n/a	179,688	179,688	179,688	179,688
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	156,685	1,494,956	1,494,956	8,254	n/a	31,575,000	689,913	689,913	27,601,767	4,600	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Basic	156,685	1,494,956	1,494,956	8,254	n/a	31,575,000	689,913	689,913	27,601,767	4,600	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Share Count Change (Normalized)	610.9%	185.4%	185.4%	0.0%	1.3%	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	3900.0%	3900.0%	3900.0%	3900.0%	3900.0%	3900.0%	100.0%	Insufficient evidence	Insufficient evidence	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	Insufficient evidence
Ownership Claim Change (Normalized)	-85.9%	-65.0%	-65.0%	0.0%	-1.3%	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	-97.5%	-97.5%	-97.5%	-97.5%	-97.5%	-97.5%	-50.0%	Insufficient evidence	Insufficient evidence	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	Insufficient evidence

Audit Trail

NCAV Audit

Official-source inputs remain linked to filing provenance. Derived values are labeled as such.

Input	Value	Source concept	Filing period	Confidence	Provenance
Current Assets	7,117,147USD	us-gaap:AssetsCurrent	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001847345/companyfacts.json Data Vault \| sec/companyfacts/cik=0001847345/companyfacts.json
Total Liabilities	3,248,684USD	us-gaap:Liabilities	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001847345/companyfacts.json Data Vault \| sec/companyfacts/cik=0001847345/companyfacts.json
Cash	5,857,024USD	us-gaap:CashAndCashEquivalentsAtCarryingValue	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001847345/companyfacts.json Data Vault \| sec/companyfacts/cik=0001847345/companyfacts.json
Shares Outstanding	1,295,234	dei:EntityCommonStockSharesOutstanding	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001847345/companyfacts.json Data Vault \| sec/companyfacts/cik=0001847345/companyfacts.json
NCAV	3,868,463USD	derived	2026-03-31	n/a	company-evidence-v1 \| total_current_assets - total_liabilities
NCAV per share	2.99USD	derived	2026-03-31	n/a	company-evidence-v1 \| NCAV / shares_outstanding
Internal NCAV Discount	73.0%	derived	2026-03-31	n/a	gnni_publication_pack \| internal_discount

NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / shares_outstanding

Source Provenance

Data Source: Data Vault
Data Vault Root: Local evidence | The Data Vault
CIK: 0001847345
Company ID: n/a
Selected Annual Source: Data Vault | sec/companyfacts/cik=0001847345/companyfacts.json
Selected Quarterly Source: Data Vault | sec/companyfacts/cik=0001847345/companyfacts.json
Statement Extractor: companyfacts-screener-v1
View Extractor: companyfacts-screener-v1
Source Accession Count: 17
Imported At: 2026-08-15T12:51:36+00:00
Rendered At: 2026-08-16T03:29:43+00:00

Run Audit

Mary Run: f75c5d221f074da8a489fba328e8ef51
Mary As Of: 2026-07-18
Accession: 0001493152-26-023802
CIK: 0001847345
Mary Filing Date: 2026-05-15
Filing Currency: USD
Internal Discount: 73.0%
Source State: Verified
Market Context: Not Displayed
Market Policy: internal_only_not_redistributed
Share Trend: Not Evaluated
Dilution: Needs Review

mary_run=f75c5d221f074da8a489fba328e8ef51; mary_as_of=2026-07-18; mary_filing_date=2026-05-15; mary_accession=0001493152-26-023802; mary_cik=0001847345; gnni_supporting_filing_date=2026-05-15; internal_discount=0.729864; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.

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