Home / Going-concern warnings / EON Resources Inc.
Filed 2025-04-16 路 Form 10-K 路 Accession 0001213900-25-032248 nano
Price before filing: $0.4625 (2025-04-15 close, split/dividend-adjusted)
Market cap at flag: $10.8M (2025-04-16) 路 Latest: $24.1M (2026-10-16)
| Window | EONR | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -13.1% | +10.5% | -23.6% | 2025-05-16 |
| 90 days | -17.8% | +16.1% | -33.9% | 2025-07-15 |
| 180 days | -0.3% | +24.0% | -24.4% | 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 |
| 2025-04-16: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-16 to 2025-05-16. 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.
"These factors raise substantial doubt about 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 2024-12-31)
Why this score: also within 90 days: Auditor change, Non-reliance / restatement
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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