Home / Going-concern warnings / Solidion Technology Inc.
Filed 2025-11-20 路 Form 10-Q 路 Accession 0001213900-25-112830 nano
Price before filing: $11.15 (2025-11-19 close, split/dividend-adjusted)
Market cap at flag: $39.9M (2025-11-20) 路 Latest: $36.7M (2026-10-16)
| Window | STI | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -34.3% | +3.7% | -37.9% | 2025-12-22 |
| 90 days | -70.3% | +3.9% | -74.2% | 2026-02-18 |
| 180 days | -58.9% | +11.4% | -70.3% | 2026-05-19 |
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 $183K (3 sales)
30 days after: 1 insider sold $116K (5 sales)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-09-10 | Global Graphene Group, Inc. 10% owner | Sale | 23,468 | $5.38 | $126K | no | Form 4 |
| 2025-09-11 | Global Graphene Group, Inc. 10% owner | Sale | 6,532 | $5.25 | $34K | no | Form 4 |
| 2025-09-12 | Global Graphene Group, Inc. 10% owner | Sale | 4,000 | $5.67 | $23K | no | Form 4 |
| 2025-11-20: red flag filed | |||||||
| 2025-11-24 | Global Graphene Group, Inc. 10% owner | Sale | 1,865 | $10.89 | $20K | no | Form 4 |
| 2025-11-25 | Global Graphene Group, Inc. 10% owner | Sale | 4,910 | $10.53 | $52K | no | Form 4 |
| 2025-11-26 | Global Graphene Group, Inc. 10% owner | Sale | 3,225 | $10.39 | $34K | no | Form 4 |
| 2025-12-11 | Global Graphene Group, Inc. 10% owner | Sale | 568 | $7.87 | $4K | no | Form 4 |
| 2025-12-12 | Global Graphene Group, Inc. 10% owner | Sale | 750 | $7.87 | $6K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-08-22 to 2025-12-20. 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.
"This raises 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 2025-09-30)
Why this score: quarterly (unaudited) disclosure; also within 90 days: Auditor change, Non-reliance / restatement
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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