Home / Auditor changes / Alpha Cognition Inc.
Filed 2025-10-14 路 Form 8-K 路 Accession 0001213900-25-098739 micro
Price before filing: $7.05 (2025-10-13 close, split/dividend-adjusted)
Market cap at flag: $155.1M (2025-10-14) 路 Latest: $178.3M (2026-10-16)
| Window | ACOG | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -13.0% | +1.4% | -14.4% | 2025-11-13 |
| 90 days | -13.6% | +5.2% | -18.8% | 2026-01-12 |
| 180 days | -15.3% | +4.1% | -19.4% | 2026-04-13 |
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 $250K (1 sale); 2 insiders bought $377K (2 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-08-18 | MERTZ LEONARD POWELL Director | Purchase | 27,778 | $9.00 | $250K | no | Form 4 |
| 2025-08-18 | MERTZ PHILLIP JOSEPH Director | Sale | 27,778 | $9.00 | $250K | no | Form 4 |
| 2025-08-18 | Wills Robert James Director | Purchase | 15,000 | $8.49 | $127K | no | Form 4 |
| 2025-10-14: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-07-16 to 2025-11-13. 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 October 10, 2025, upon approval of the Audit Committee, the Company has engaged CBIZ CPAs P.C. ("CBIZ"), a nationally recognized, independent registered public accounting firm licensed to practice in the United States, to serve as its independent registered public accounting firm."
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: Manning Elliott LLP · New auditor: CBIZ CPAs P.C.
Why this score: auditor resigned
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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