Home / Auditor changes / RELMADA THERAPEUTICS, INC.
Filed 2025-05-12 路 Form 8-K 路 Accession 0001213900-25-042024 nano
Price before filing: $0.4195 (2025-05-09 close, split/dividend-adjusted)
Market cap at flag: $13.2M (2025-05-12) 路 Latest: $348.4M (2026-10-16)
| Window | RLMD | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +82.7% | +6.6% | +76.2% | 2025-06-11 |
| 90 days | +34.2% | +13.0% | +21.2% | 2025-08-11 |
| 180 days | +617.5% | +21.4% | +596.1% | 2025-11-10 |
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: 4 insiders bought $461K (8 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-05-12: red flag filed | |||||||
| 2025-05-16 | Ence Chuck CA and CO | Purchase | 228,961 | $0.45 | $103K | no | Form 4 |
| 2025-05-16 | Kelly Paul Edward Chief Operating Officer, Director | Purchase | 200,000 | $0.43 | $86K | no | Form 4 |
| 2025-05-16 | Shenouda Maged Chief Financial Officer | Purchase | 50,000 | $0.44 | $22K | no | Form 4 |
| 2025-05-16 | TRAVERSA SERGIO Chief Executive Officer, Director | Purchase | 172,314 | $0.45 | $77K | no | Form 4 |
| 2025-05-19 | Shenouda Maged Chief Financial Officer | Purchase | 90,000 | $0.49 | $44K | no | Form 4 |
| 2025-05-19 | TRAVERSA SERGIO Chief Executive Officer, Director | Purchase | 30,000 | $0.50 | $15K | no | Form 4 |
| 2025-05-20 | Shenouda Maged Chief Financial Officer | Purchase | 60,000 | $0.52 | $31K | no | Form 4 |
| 2025-05-20 | TRAVERSA SERGIO Chief Executive Officer, Director | Purchase | 147,686 | $0.56 | $82K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-11 to 2025-06-11. 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 May 8, 2025, the Company dismissed Marcum as the Company's independent registered public accounting firm as a result of such acquisition, and the Company's audit committee approved the dismissal."
Quoted from the filing. Source
The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.
Type: resigned
Disagreements reported: no
Former auditor: Marcum LLP · New auditor: CBIZ CPAs P.C.
Why this score: auditor resigned; also within 90 days: Going-concern doubt
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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