Home / Going-concern warnings / VACCINEX, INC.

5/5VACCINEX, INC. (VCNX): Going-concern doubt

Filed 2025-04-15 路 Form 10-K 路 Accession 0000950170-25-054318 nano

Market data

Price before filing: $0.69 (2025-04-14 close, split/dividend-adjusted)
Market cap at flag: $1.8M (2025-04-15) 路 Latest: $2.7M (2026-10-16)

What happened next

WindowVCNXSPYvs SPY
30 days+50.7%+9.5%+41.2%2025-05-15
90 days+40.6%+16.2%+24.3%2025-07-14
180 days-24.0%+23.7%-47.7%2025-10-13

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Verified excerpt

"As discussed in Note 1 to the financial statements, the Company has suffered recurring losses and negative cash flows from operations that raise substantial doubt about its ability to continue as a going concern."

Quoted from the filing. Source

What this means

The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.

Source: independent auditor report in Form 10-K (period 2024-12-31)

Why this score: in auditor's report

Read the original filing on SEC.gov →

Not investment advice. Automated summary; verify against the filing.

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