Did Spray Net identify any recognized or non-recognized subsequent events that required further adjustment or disclosure in the financial statements?

According to Spray Net's 2025 Franchise Disclosure Document, the company evaluated events after the balance sheet date but before the financial statements were issued. Spray Net states that it did not identify any recognized or non-recognized subsequent events that would have required further adjustment or disclosure in the financial statements. The company evaluated subsequent events through April 4, 2025, at which point the financial statements were available to be issued.

This statement indicates that, as of April 4, 2025, Spray Net was not aware of any events that would materially impact the accuracy or presentation of its financial statements for the years 2022, 2023, and 2024. This provides some assurance to potential franchisees that the financial information presented in the FDD reflects all known and relevant information up to that date.

It is important for a prospective franchisee to understand that this evaluation is only valid up to the specified date. Any events occurring after April 4, 2025, would not be included in this assessment. Therefore, while the absence of identified subsequent events is a positive sign, a potential franchisee should still conduct their own due diligence and consider any more recent information that may be available.