SPMU

Spiritus Mundi PLC

Financial Services First-pass screen £1.85m

210/1000 Overall fit

AI beneficiary 35% 25

Operating leverage 25% 15

Valuation 25% 30

Downside protection 15% 8

First-pass take

Pre-acquisition SPAC with no revenue, £531 cash on hand, negative equity of £474k, and auditor-flagged going-concern risk. Clinical diagnostics strategy shows zero AI exposure evidence.

Flags

spac-pre-acquisitiongoing-concernnegative-equitycash-crisisloss-makingcapital-dependentno-valuation-data