Home / Going-concern warnings / Solidion Technology Inc.
Filed 2025-05-21 路 Form 10-Q 路 Accession 0001213900-25-046069 nano
Price before filing: $3.41 (2025-05-20 close, split/dividend-adjusted)
Market cap at flag: $9.1M (2025-05-21) 路 Latest: $36.7M (2026-10-16)
| Window | STI | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +10.0% | +0.5% | +9.4% | 2025-06-20 |
| 90 days | -9.1% | +8.2% | -17.3% | 2025-08-19 |
| 180 days | +197.4% | +12.9% | +184.4% | 2025-11-17 |
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 $53K (3 sales)
30 days after: 1 insider sold $38K (3 sales)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 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 |
| 2025-05-21: red flag filed | |||||||
| 2025-06-10 | Global Graphene Group, Inc. 10% owner | Sale | 5,323 | $3.43 | $18K | no | Form 4 |
| 2025-06-11 | Global Graphene Group, Inc. 10% owner | Sale | 746 | $3.51 | $3K | no | Form 4 |
| 2025-06-13 | Global Graphene Group, Inc. 10% owner | Sale | 5,018 | $3.40 | $17K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-20 to 2025-06-20. 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 events and conditions raise substantial doubt about the Company's 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-Q (period 2025-03-31)
Why this score: quarterly (unaudited) disclosure; also within 90 days: Late quarterly report (NT 10-Q), Non-reliance / restatement
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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