Home / Going-concern warnings / INTERNATIONAL BATTERY METALS LTD.
Filed 2026-08-12 路 Form 10-Q 路 Accession 0001193125-26-346883 nano
Price before filing: $0.082 (2026-08-11 close, split/dividend-adjusted)
Market cap at flag: $30.0M (2026-08-12) 路 Latest: $25.9M (2026-10-16)
| Window | IBATF | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -8.5% | -0.8% | -7.7% | 2026-09-11 |
| 90 days | pending | pending | until 2026-11-10 | |
| 180 days | pending | pending | until 2027-02-08 | |
| 1 year | pending | pending | until 2027-08-12 |
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: 1 insider sold $19K (1 sale)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-06-02 | RUTLEDGE MICHAEL A Chief Financial Officer | Sale | 197,292 | $0.09 | $19K | yes | Form 4 |
| 2026-08-12: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-05-14 to 2026-09-11. 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.
"Cash from these private placements and existing working capital is anticipated to support the Company's operations for at least twelve months from the date of these financial statements which alleviates the substantial doubt that the Company would continue as a going concern; however, the Company continues to incur operating losses and negative cash flows."
Quoted from the filing. Source
Going-concern doubt disclosed, then alleviated: the company said conditions raised substantial doubt about its ability to continue as a going concern, but that its plans or new funding resolve that doubt for the next 12 months. A weaker warning than an unresolved going-concern doubt, but the company recently needed a rescue plan or fresh money to stay afloat.
Source: management disclosure in Form 10-Q (period 2026-06-30)
Status: doubt alleviated (the company says its plans or new funding resolve the substantial doubt it disclosed)
Why this score: substantial doubt disclosed, then alleviated by management's plans or new funding; quarterly (unaudited) disclosure; also within 90 days: Auditor change
Read the original filing on SEC.gov →
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