Home / Going-concern warnings / Seritage Growth Properties
Filed 2026-05-15 路 Form 10-Q 路 Accession 0001193125-26-224751 micro
Price before filing: $2.62 (2026-05-14 close, split/dividend-adjusted)
Market cap at flag: $135.7M (2026-05-15) 路 Latest: $91.2M (2026-10-16)
| Window | SRG | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +1.1% | +0.9% | +0.3% | 2026-06-15 |
| 90 days | -13.4% | +4.2% | -17.6% | 2026-08-13 |
| 180 days | pending | pending | until 2026-11-11 |
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 $880K (3 sales)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-02-23 | Yakira Capital Management, Inc. 10% owner | Sale | 7,375 | $23.95 | $177K | no | Form 4 |
| 2026-02-24 | Yakira Capital Management, Inc. 10% owner | Sale | 2,225 | $24.10 | $54K | no | Form 4 |
| 2026-03-31 | Yakira Capital Management, Inc. 10% owner | Sale | 27,150 | $23.95 | $650K | no | Form 4 |
| 2026-05-15: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-02-14 to 2026-06-14. 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.
"This uncertainty raises substantial doubt about 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 2026-03-31)
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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