Home / Restatements / Solidion Technology Inc.
Filed 2025-04-16 路 Form 8-K 路 Accession 0001213900-25-032293 nano
Price before filing: $5.85 (2025-04-15 close, split/dividend-adjusted)
Market cap at flag: $13.5M (2025-04-16) 路 Latest: $36.7M (2026-10-16)
| Window | STI | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -39.8% | +10.5% | -50.4% | 2025-05-16 |
| 90 days | -25.0% | +16.1% | -41.0% | 2025-07-15 |
| 180 days | +269.7% | +24.0% | +245.7% | 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 sold $53K (3 sales)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-04-16: red flag filed | |||||||
| 2025-04-25 | Global Graphene Group, Inc. 10% owner | Sale | 301,100 | $0.11 | $33K | no | Form 4 |
| 2025-04-28 | Global Graphene Group, Inc. 10% owner | Sale | 99,183 | $0.10 | $10K | no | Form 4 |
| 2025-04-29 | Global Graphene Group, Inc. 10% owner | Sale | 99,717 | $0.10 | $10K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-16 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.
"(the "Company"), after consultation with the Company's Audit Committee, concluded that the Company's quarterly financial statements for the quarters ended March 31, 2024, June 30, 2024 and September 30, 2024 (together, the "Affected Periods") require restatements and should no longer be relied upon."
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: Going-concern doubt, Late quarterly report (NT 10-Q)
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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