Home / Going-concern warnings / Rein Therapeutics, Inc.
Filed 2025-11-14 路 Form 10-Q 路 Accession 0001193125-25-281622 nano
Price before filing: $1.35 (2025-11-13 close, split/dividend-adjusted)
Market cap at flag: $31.8M (2025-11-14) 路 Latest: $17.9M (2026-10-16)
| Window | RNTX | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +9.6% | +1.3% | +8.3% | 2025-12-15 |
| 90 days | -13.3% | +1.7% | -15.0% | 2026-02-12 |
| 180 days | -14.1% | +11.1% | -25.2% | 2026-05-13 |
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.
90 days before the flag: 1 insider bought $423K (4 purchases)
30 days after: 1 insider bought $128K (1 purchase)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-10-24 | Voss Capital, LP (+4 joint filers) 10% owner | Purchase | 30,176 | $1.39 | $42K | no | Form 4 |
| 2025-10-27 | Voss Capital, LP (+4 joint filers) 10% owner | Purchase | 92,642 | $1.37 | $127K | no | Form 4 |
| 2025-10-27 | Voss Capital, LP (+4 joint filers) 10% owner | Purchase | 4,840 | $1.37 | $7K | no | Form 4 |
| 2025-10-28 | Voss Capital, LP (+4 joint filers) 10% owner | Purchase | 178,392 | $1.39 | $248K | no | Form 4 |
| 2025-11-14: red flag filed | |||||||
| 2025-11-14 | Voss Capital, LP (+4 joint filers) 10% owner | Purchase | 104,183 | $1.22 | $128K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-08-16 to 2025-12-14. 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.
"We believe that our working capital as of September 30, 2025, together with the proceeds received by us pursuant to the PPA in October 2025, lack of revenue and recurring net losses raise substantial doubt about our ability to continue as a going concern. 32 Cash Flows The following table summarizes our sources and uses of cash for each of the periods presented: Nine Months Ended September 30, 2025 2024 (in..."
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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