Home / Going-concern warnings / FiscalNote Holdings, Inc.
Filed 2025-05-13 路 Form 10-Q 路 Accession 0000950170-25-070383 micro
Price before filing: $7.8 (2025-05-12 close, split/dividend-adjusted)
Market cap at flag: $105.6M (2025-05-13) 路 Latest: $390,714 (2026-10-16)
| Window | NOTE | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -18.5% | +3.6% | -22.0% | 2025-06-12 |
| 90 days | -14.5% | +9.4% | -23.9% | 2025-08-11 |
| 180 days | -61.4% | +17.6% | -79.0% | 2025-11-10 |
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.
90 days before the flag: 4 insiders sold $118K (12 sales)
30 days after: 3 insiders sold $29K (4 sales)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-02-18 | Aman Todd SVP, General Counsel & Sec. | Sale | 551 | $1.70 | $937 | yes | Form 4 |
| 2025-02-28 | Resnik Josh President and CEO | Sale | 3,799 | $1.22 | $5K | yes | Form 4 |
| 2025-03-03 | Hwang Tim Director, 10% owner | Sale | 30,830 | $1.10 | $34K | yes | Form 4 |
| 2025-03-03 | Hwang Tim Director, 10% owner | Sale | 20,307 | $1.19 | $24K | yes | Form 4 |
| 2025-04-03 | Hwang Tim Director, 10% owner | Sale | 34,120 | $0.68 | $23K | yes | Form 4 |
| 2025-04-03 | Resnik Josh President and CEO | Sale | 4,435 | $0.68 | $3K | yes | Form 4 |
| 2025-04-07 | Donnell Paul Chief Accounting Officer | Sale | 491 | $0.75 | $366 | yes | Form 4 |
| 2025-04-30 | Resnik Josh President and CEO | Sale | 3,691 | $0.62 | $2K | yes | Form 4 |
| 2025-05-01 | Hwang Tim Director, 10% owner | Sale | 29,105 | $0.64 | $19K | yes | Form 4 |
| 2025-05-07 | Aman Todd SVP, General Counsel & Sec. | Sale | 790 | $0.64 | $504 | yes | Form 4 |
| 2025-05-07 | Donnell Paul Chief Accounting Officer | Sale | 517 | $0.64 | $330 | yes | Form 4 |
| 2025-05-07 | Hwang Tim Director, 10% owner | Sale | 9,515 | $0.64 | $6K | yes | Form 4 |
| 2025-05-13: red flag filed | |||||||
| 2025-05-19 | Aman Todd SVP, General Counsel & Sec. | Sale | 528 | $0.69 | $363 | no | Form 4 |
| 2025-06-02 | Hwang Tim Director, 10% owner | Sale | 30,895 | $0.64 | $20K | yes | Form 4 |
| 2025-06-02 | Hwang Tim Director, 10% owner | Sale | 10,103 | $0.64 | $7K | yes | Form 4 |
| 2025-06-02 | Resnik Josh President and CEO | Sale | 3,876 | $0.64 | $2K | yes | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-12 to 2025-06-12. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"Accordingly, the Company has concluded that there is substantial doubt about its ability to continue as a going concern within one year from the date of this filing."
Quoted from the filing. Source
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: management disclosure in Form 10-Q (period 2025-03-31)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
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