Home / Going-concern warnings / MiNK Therapeutics, Inc.
Filed 2026-03-31 路 Form 10-K 路 Accession 0001193125-26-134813 micro
Price before filing: $10.52 (2026-03-30 close, split/dividend-adjusted)
Market cap at flag: $50.5M (2026-03-31) 路 Latest: $47.3M (2026-10-16)
| Window | INKT | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +16.0% | +13.7% | +2.3% | 2026-04-30 |
| 90 days | +13.2% | +17.6% | -4.3% | 2026-06-29 |
| 180 days | +15.1% | +21.8% | -6.6% | 2026-09-28 |
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 sold $27K (6 sales)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-02-27 | Ryan Barbara Director | Sale | 400 | $10.86 | $4K | no | Form 4 |
| 2026-03-02 | Ryan Barbara Director | Sale | 100 | $10.83 | $1K | no | Form 4 |
| 2026-03-09 | Ryan Barbara Director | Sale | 200 | $10.17 | $2K | no | Form 4 |
| 2026-03-10 | Ryan Barbara Director | Sale | 300 | $15.28 | $5K | no | Form 4 |
| 2026-03-10 | Ryan Barbara Director | Sale | 500 | $15.57 | $8K | no | Form 4 |
| 2026-03-10 | Ryan Barbara Director | Sale | 500 | $15.30 | $8K | no | Form 4 |
| 2026-03-31: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-12-31 to 2026-04-30. 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.
"As discussed in Note 1 to the consolidated financial statements, the Company has suffered recurring losses from operations and has a net capital deficiency that raise substantial doubt about its 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.
Going-concern opinion issued by: KPMG LLP
Source: independent auditor report in Form 10-K (period 2025-12-31)
Why this score: in auditor's report
Read the original filing on SEC.gov →
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Not investment advice. Automated summary; verify against the filing.
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