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Cachet Financial Solutions issues going concern warning

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Cachet Financial Solutions issues going concern warning

Cachet Financial Solutions Inc. said in a Form 10-K that there was a "substantial doubt" about its ability to continue as a going concern after it used cash in operations of $9.5 million and had a net loss attributable to common shareholders of $15.6 million for the year ended Dec. 31, 2016.

The company believes it will be able to continue operations through March 31. If it is able to complete a common share offering, the company expects to have sufficient cash to fund our operations through Feb. 24, 2018.