Home / Going-concern warnings / SEAFARER EXPLORATION CORP
Filed 2026-03-26 路 Form 10-K 路 Accession 0001199835-26-000070 nano
Price before filing: $0.0028 (2026-03-25 close, split/dividend-adjusted)
Market cap at flag: $30.3M (2026-03-26) 路 Latest: $26.2M (2026-10-16)
| Window | SFRX | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +1.4% | +8.9% | -7.4% | 2026-04-27 |
| 90 days | -29.9% | +11.9% | -41.9% | 2026-06-24 |
| 180 days | -26.1% | +18.3% | -44.4% | 2026-09-22 |
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 $16K (1 purchase)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-01-06 | Kennedy Kyle CEO | Purchase | 12,000,000 | $0.00 | $16K | no | Form 4 |
| 2026-03-26: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-12-26 to 2026-04-25. 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.
"The report of our independent auditors for the years ended December 31, 2025 and 2024 raises substantial doubt as to our 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-K (period 2025-12-31)
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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