Home / Restatements / EON Resources Inc.
Filed 2025-04-15 路 Form 8-K 路 Accession 0001213900-25-032130 nano
Price before filing: $0.468 (2025-04-14 close, split/dividend-adjusted)
Market cap at flag: $10.4M (2025-04-15) 路 Latest: $24.1M (2026-10-16)
| Window | EONR | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -16.7% | +9.5% | -26.2% | 2025-05-15 |
| 90 days | -15.0% | +16.2% | -31.2% | 2025-07-14 |
| 180 days | -1.5% | +23.7% | -25.2% | 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: 1 insider sold $1.7M (1 sale); 2 insiders bought $124K (14 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-01-21 | Pogo Royalty, LLC (+4 joint filers) 10% owner | Sale | 1,071,897 | $1.59 | $1.7M | no | Form 4 |
| 2025-03-17 | Salvucci Joseph V Sr Director | Purchase | 9,900 | $0.51 | $5K | no | Form 4 |
| 2025-03-17 | Salvucci Joseph V Sr Director | Purchase | 7,454 | $0.51 | $4K | no | Form 4 |
| 2025-03-17 | Salvucci Joseph V Sr Director | Purchase | 25,828 | $0.50 | $13K | no | Form 4 |
| 2025-03-17 | Salvucci Joseph V Sr Director | Purchase | 10,166 | $0.50 | $5K | no | Form 4 |
| 2025-03-17 | Salvucci Joseph V Sr Director | Purchase | 7,176 | $0.49 | $4K | no | Form 4 |
| 2025-03-17 | Salvucci Joseph V Sr Director | Purchase | 29,434 | $0.49 | $14K | no | Form 4 |
| 2025-03-17 | Salvucci Joseph V Sr Director | Purchase | 6,001 | $0.49 | $3K | no | Form 4 |
| 2025-03-19 | Salvucci Joseph V Sr Director | Purchase | 22,000 | $0.54 | $12K | no | Form 4 |
| 2025-03-19 | Salvucci Joseph V Sr Director | Purchase | 24,429 | $0.53 | $13K | no | Form 4 |
| 2025-03-19 | Trotter Mitchell Chief Financial Officer, Director | Purchase | 5,000 | $0.56 | $3K | no | Form 4 |
| 2025-03-20 | Salvucci Joseph V Sr Director | Purchase | 10,509 | $0.60 | $6K | no | Form 4 |
| 2025-03-20 | Salvucci Joseph V Sr Director | Purchase | 9,491 | $0.61 | $6K | no | Form 4 |
| 2025-03-26 | Salvucci Joseph V Sr Director | Purchase | 19,420 | $0.52 | $10K | no | Form 4 |
| 2025-03-27 | Salvucci Joseph V Sr Director | Purchase | 50,000 | $0.54 | $27K | no | Form 4 |
| 2025-04-15: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 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 14, 2025, the Audit Committee (the "Audit Committee") of the Company's Board of Directors, after discussion with senior management, concluded that the Company's previously issued unaudited condensed consolidated financial statements as of and for the three and nine months ended September 30, 2024, included in the Company's Quarterly Report on Form 10-Q for September 30, 2024, (collectively, the "Prior..."
Quoted from the filing. Source
The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.
Why this score: also within 90 days: Auditor change, Going-concern doubt
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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