Home / Going-concern warnings / GALECTIN THERAPEUTICS INC
Filed 2025-08-14 路 Form 10-Q 路 Accession 0001140361-25-031039 micro
Price before filing: $3.67 (2025-08-13 close, split/dividend-adjusted)
Market cap at flag: $241.4M (2025-08-14) 路 Latest: $238.5M (2026-10-16)
| Window | GALT | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +22.6% | +2.5% | +20.1% | 2025-09-15 |
| 90 days | +58.9% | +6.3% | +52.6% | 2025-11-12 |
| 180 days | -24.8% | +7.9% | -32.7% | 2026-02-10 |
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: 2 insiders bought $17K (2 purchases)
30 days after: 2 insiders sold $145K (2 sales)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-07-17 | FREEMAN KEVIN D Director | Purchase | 5,000 | $2.90 | $14K | no | Form 4 |
| 2025-07-21 | ELDRED KARY Director | Purchase | 1,000 | $2.92 | $3K | no | Form 4 |
| 2025-08-14: red flag filed | |||||||
| 2025-09-12 | CALLICUTT JACK W Chief Financial Officer | Sale | 8,706 | $6.44 | $56K | yes | Form 4 |
| 2025-09-12 | LEWIS JOEL President and CEO, Director | Sale | 14,000 | $6.36 | $89K | yes | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-05-16 to 2025-09-13. 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.
"However, substantial doubt about the Company's ability to continue as a going concern exists."
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 2025-06-30)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
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