Home / Going-concern warnings / Big Digital Energy, Inc.

3/5Big Digital Energy, Inc. (BGDE): Going-concern doubt

Filed 2025-11-14 · Form 10-Q · Accession 0001213900-25-110839 nano

Market data

Price before filing: n/a (n/a close, split/dividend-adjusted)
Market cap at flag: n/a · Latest: $25.0M (2026-10-16)

What happened next

WindowBGDESPYvs SPY
30 daysn/an/an/a
90 daysn/an/an/a
180 daysn/an/an/a

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.

Insider trading around this filing

90 days before the flag: no open-market insider sales or purchases reported.
30 days after: 1 insider bought $4.0M (21 purchases)

DateInsiderTypeSharesPriceValue10b5-1 planSource
2025-11-14: red flag filed
2025-11-26Endeavor Blockchain, LLC (+3 joint filers)
10% owner
Purchase50,000$5.06$253KnoForm 4
2025-11-28Endeavor Blockchain, LLC (+3 joint filers)
10% owner
Purchase1,000$5.23$5KnoForm 4
2025-11-28Endeavor Blockchain, LLC (+3 joint filers)
10% owner
Purchase5,000$5.18$26KnoForm 4
2025-12-01Endeavor Blockchain, LLC (+3 joint filers)
10% owner
Purchase29,000$4.83$140KnoForm 4
2025-12-02Endeavor Blockchain, LLC (+3 joint filers)
10% owner
Purchase17,150$4.90$84KnoForm 4
2025-12-02Endeavor Blockchain, LLC (+3 joint filers)
10% owner
Purchase1,449$4.91$7KnoForm 4
2025-12-03Endeavor Blockchain, LLC (+3 joint filers)
10% owner
Purchase52,850$4.85$256KnoForm 4
2025-12-03Endeavor Blockchain, LLC (+3 joint filers)
10% owner
Purchase1,000$4.89$5KnoForm 4
2025-12-03Endeavor Blockchain, LLC (+3 joint filers)
10% owner
Purchase5,982$4.79$29KnoForm 4
2025-12-05Endeavor Blockchain, LLC (+3 joint filers)
10% owner
Purchase99,811$4.41$440KnoForm 4
2025-12-05Endeavor Blockchain, LLC (+3 joint filers)
10% owner
Purchase10,000$4.20$42KnoForm 4
2025-12-05Endeavor Blockchain, LLC (+3 joint filers)
10% owner
Purchase380$4.20$2KnoForm 4
2025-12-08Endeavor Blockchain, LLC (+3 joint filers)
10% owner
Purchase50,189$4.37$219KnoForm 4
2025-12-08Endeavor Blockchain, LLC (+3 joint filers)
10% owner
Purchase112$4.45$498noForm 4
2025-12-09Endeavor Blockchain, LLC (+3 joint filers)
10% owner
Purchase70,000$4.74$332KnoForm 4
2025-12-09Endeavor Blockchain, LLC (+3 joint filers)
10% owner
Purchase106$4.68$496noForm 4
2025-12-10Endeavor Blockchain, LLC (+3 joint filers)
10% owner
Purchase105,000$6.01$631KnoForm 4
2025-12-10Endeavor Blockchain, LLC (+3 joint filers)
10% owner
Purchase5$4.94$25noForm 4
2025-12-11Endeavor Blockchain, LLC (+3 joint filers)
10% owner
Purchase122,000$8.38$1.0MnoForm 4
2025-12-11Endeavor Blockchain, LLC (+3 joint filers)
10% owner
Purchase2,000$12.00$24KnoForm 4
2025-12-12Endeavor Blockchain, LLC (+3 joint filers)
10% owner
Purchase98,000$5.37$526KnoForm 4

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-08-16 to 2025-12-14. 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.

Verified excerpt

"See Note 9 – Commitments and Contingencies. 8 NOTE 1 – GENERAL (Cont.) Going Concern (Cont.) The Company has evaluated the above conditions and concluded that these conditions raise substantial doubt regarding our ability to continue as a going concern for a period of at least one year from the date of issuance of these unaudited consolidated condensed financial statements To mitigate these conditions, the Company..."

Quoted from the filing. Source

What this means

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 2025-09-30)

Why this score: quarterly (unaudited) disclosure

Read the original filing on SEC.gov →

Not investment advice. Automated summary; verify against the filing.

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