Home / Going-concern warnings / 5E Advanced Materials, Inc.
Filed 2025-11-13 路 Form 10-Q 路 Accession 0001193125-25-280134 micro
Price before filing: $4.58 (2025-11-12 close, split/dividend-adjusted)
Market cap at flag: $97.2M (2025-11-13) 路 Latest: $121.6M (2026-10-16)
| Window | FEAM | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -17.2% | -0.4% | -16.9% | 2025-12-15 |
| 90 days | -51.1% | +1.6% | -52.6% | 2026-02-11 |
| 180 days | -67.0% | +8.6% | -75.7% | 2026-05-12 |
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 bought $711K (4 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-08-25 | Ascend Global Investment Fund SPC - Strategic Segregated Portfolio (+4 joint filers) Director, 10% owner | Purchase | 100,000 | $3.50 | $350K | no | Form 4 |
| 2025-08-25 | BEP Special Situations IV LLC (+1 joint filer) Director, 10% owner | Purchase | 100,000 | $3.50 | $350K | no | Form 4 |
| 2025-08-25 | Malm Joshua CFO | Purchase | 1,425 | $3.50 | $5K | no | Form 4 |
| 2025-08-25 | Weibel Paul Wesley III Chief Executive Officer | Purchase | 1,628 | $3.50 | $6K | no | Form 4 |
| 2025-11-13: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-08-15 to 2025-12-13. 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.
"In performing this analysis, management concluded there continues to exist substantial doubt regarding the Company's ability to continue as a going concern."
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 2025-09-30)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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