Home / Restatements / Abpro Holdings, Inc.
Filed 2025-04-15 路 Form 8-K 路 Accession 0001213900-25-032083 nano
Price before filing: $8.85 (2025-04-14 close, split/dividend-adjusted)
Market cap at flag: $15.1M (2025-04-15) 路 Latest: $2.4M (2026-10-16)
| Window | ABPO | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -10.2% | +9.5% | -19.7% | 2025-05-15 |
| 90 days | -32.9% | +16.2% | -49.1% | 2025-07-14 |
| 180 days | -37.6% | +23.7% | -61.3% | 2025-10-13 |
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: no open-market insider sales or purchases reported.
30 days after: 1 insider bought $12K (3 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-04-15: red flag filed | |||||||
| 2025-04-23 | Suk Jin Wook (Miles) CEO and Chairman, Director | Purchase | 7,460 | $0.28 | $2K | no | Form 4 |
| 2025-04-24 | Suk Jin Wook (Miles) CEO and Chairman, Director | Purchase | 26,542 | $0.34 | $9K | no | Form 4 |
| 2025-04-29 | Suk Jin Wook (Miles) CEO and Chairman, Director | Purchase | 4,325 | $0.25 | $1K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-15 to 2025-05-15. 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.
"On April 12, 2025, the Audit Committee of the Board of Directors (the "Audit Committee") of Abpro Holdings, Inc. (the "Company"), in consultation with Company management, determined that the Company's financial statements (collectively, the "Prior Period Financial Statements") as of the periods ended September 30, 2024, December 31, 2023 and December 31, 2022 (collectively, the "Non-Reliance Periods") should no..."
Quoted from the filing. Source
The company says previously issued financial statements (or the auditor's report on them) should no longer be relied upon (8-K Item 4.02). Non-reliance on the financial statements themselves is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.
Scope: previously issued financial statements
Why this score: also within 90 days: Going-concern doubt
Read the original filing on SEC.gov →
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