Home / Going-concern warnings / Synergy CHC Corp.
Filed 2025-05-15 · Form 10-Q · Accession 0001213900-25-043703 nano
Price before filing: $1.94 (2025-05-14 close, split/dividend-adjusted)
Market cap at flag: $19.1M (2025-05-15) · Latest: $161,645 (2026-09-28)
| Window | SNYR | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +18.0% | +2.6% | +15.5% | 2025-06-16 |
| 90 days | +99.0% | +10.1% | +88.9% | 2025-08-13 |
| 180 days | +7.7% | +16.9% | -9.2% | 2025-11-11 |
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 bought $62K (45 purchases)
30 days after: 1 insider bought $33K (9 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-02-14 | Ross Jack CEO and Chairman, Director, 10% owner | Purchase | 900 | $3.67 | $3K | no | Form 4 |
| 2025-02-18 | Ross Jack CEO and Chairman, Director, 10% owner | Purchase | 950 | $3.69 | $4K | no | Form 4 |
| 2025-02-19 | Ross Jack CEO and Chairman, Director, 10% owner | Purchase | 300 | $3.69 | $1K | no | Form 4 |
| 2025-02-20 | Ross Jack CEO and Chairman, Director, 10% owner | Purchase | 1,200 | $3.92 | $5K | no | Form 4 |
| 2025-02-21 | Ross Jack CEO and Chairman, Director, 10% owner | Purchase | 300 | $4.00 | $1K | no | Form 4 |
| 2025-02-24 | Ross Jack CEO and Chairman, Director, 10% owner | Purchase | 500 | $4.07 | $2K | no | Form 4 |
| 2025-02-25 | Ross Jack CEO and Chairman, Director, 10% owner | Purchase | 580 | $3.77 | $2K | no | Form 4 |
| 2025-02-26 | Ross Jack CEO and Chairman, Director, 10% owner | Purchase | 200 | $3.78 | $756 | no | Form 4 |
| 2025-02-27 | Ross Jack CEO and Chairman, Director, 10% owner | Purchase | 100 | $3.94 | $394 | no | Form 4 |
| 2025-03-05 | Ross Jack CEO and Chairman, Director, 10% owner | Purchase | 100 | $3.68 | $368 | no | Form 4 |
| 2025-03-07 | Ross Jack CEO and Chairman, Director, 10% owner | Purchase | 200 | $3.52 | $704 | no | Form 4 |
| 2025-03-10 | Ross Jack CEO and Chairman, Director, 10% owner | Purchase | 100 | $3.67 | $367 | no | Form 4 |
| 2025-03-11 | Ross Jack CEO and Chairman, Director, 10% owner | Purchase | 200 | $3.64 | $728 | no | Form 4 |
| 2025-03-12 | Ross Jack CEO and Chairman, Director, 10% owner | Purchase | 300 | $3.38 | $1K | no | Form 4 |
| 2025-03-13 | Ross Jack CEO and Chairman, Director, 10% owner | Purchase | 200 | $3.52 | $704 | no | Form 4 |
| 2025-03-14 | Ross Jack CEO and Chairman, Director, 10% owner | Purchase | 200 | $3.59 | $718 | no | Form 4 |
| 2025-03-17 | Ross Jack CEO and Chairman, Director, 10% owner | Purchase | 100 | $3.66 | $366 | no | Form 4 |
| 2025-03-18 | Ross Jack CEO and Chairman, Director, 10% owner | Purchase | 100 | $3.66 | $366 | no | Form 4 |
| 2025-03-19 | Ross Jack CEO and Chairman, Director, 10% owner | Purchase | 100 | $3.11 | $311 | no | Form 4 |
| 2025-03-20 | Ross Jack CEO and Chairman, Director, 10% owner | Purchase | 300 | $3.52 | $1K | no | Form 4 |
| 2025-03-21 | Ross Jack CEO and Chairman, Director, 10% owner | Purchase | 200 | $3.19 | $638 | no | Form 4 |
| 2025-03-24 | Ross Jack CEO and Chairman, Director, 10% owner | Purchase | 100 | $3.24 | $324 | no | Form 4 |
| 2025-03-25 | Ross Jack CEO and Chairman, Director, 10% owner | Purchase | 200 | $3.17 | $634 | no | Form 4 |
| 2025-03-26 | Ross Jack CEO and Chairman, Director, 10% owner | Purchase | 100 | $3.26 | $326 | no | Form 4 |
| 2025-03-27 | Ross Jack CEO and Chairman, Director, 10% owner | Purchase | 100 | $3.43 | $343 | no | Form 4 |
| 2025-05-15: red flag filed | |||||||
Showing 25 of 54 transactions.
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-14 to 2025-06-14. 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 considered the following: ● At March 31, 2025, the Company had an accumulated deficit of $ 43,223,549 . ● At March 31, 2025, the Company had working capital surplus of $ 7,340,297 . ● During the three months ended March 31, 2025, the Company had $ 822,781 of net cash used in operating activities. ● During the three months ended March 31, 2025, there was a decrease in revenue of $ 1,241,329 . Ordinarily,..."
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-Q (period 2025-03-31)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
The week's most serious auditor changes, restatements, late filings and going-concern warnings, in plain English. Free. Unsubscribe anytime.
Subscribe to the newsletter →
The signup form didn't load here (often an ad or privacy blocker). This opens beehiiv's secure signup page.
Form not showing? Subscribe on beehiiv →
Newsletter delivered by beehiiv. See our privacy policy.