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Corner Growth Acquisition Corp.: material weakness open at least 2,128 days

By Russell Tomoum, Ctrl Worx™. Built from its own SEC filings. How the Clock works.

Corner Growth Acquisition Corp. reported ineffective internal control over financial reporting because of a material weakness in 6 filings since May 24, 2021. It stated one or more material weaknesses in 15 more SEC filings that gave no conclusion on whether that control is effective. The latest was its 10-Q for the period ended Sep 30, 2025.

Checked against SEC EDGAR: Oct 29, 2026 · Entry #11817

Causes the company named

Complex or non-routine accounting · 19Accounting expertise and resources · 5Entity-level and governance · 4Financial close and reporting · 2

Lack of qualified SEC reporting professional to ensure effective disclosure controls and financial reporting.

What the latest filing says

Based upon their evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures (as defined in Rules 13a-15 (e) and 15d-15 (e) under the Exchange Act) were not effective due solely to the material weakness in our internal control over financial reporting related to the Company’s lack of qualified SEC reporting professional. As a result, we performed additional analysis as deemed necessary to ensure that our financial statements were prepared in accordance with US GAAP. Accordingly, management believes that the financial statements included in this Form 10-Q present fairly, in all material respects, our financial position, result of operations and cash flows for the periods presented. Management intends to continue implement remediation steps to improve our disclosure controls and procedures and our internal control over financial reporting. Specifically, we intend to expand and improve our review process for complex securities and related accounting standards. We have improved this process by enhancing access to accounting [...]

From the controls section of the 10-Q filed Nov 18, 2025. Read the full filing on SEC EDGAR.

Company response: Corner Growth Acquisition Corp. can send a statement or a link to its remediation update to russell@ctrlworx.com. We post it here, unedited and dated.

Filings

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Based on public SEC filings. Causes are grouped into standard categories by Ctrl Worx. The filings are the authority. Ctrl Worx is not affiliated with Corner Growth Acquisition Corp. or the SEC. Not investment advice. Why you can rely on the Watch List.