Home / Going-concern warnings / Evolution Metals & Technologies Corp.
Filed 2026-02-20 路 Form 10-K 路 Accession 0001213900-26-018858 micro
Price before filing: $11.9 (2026-02-19 close, split/dividend-adjusted)
Market cap at flag: $67.2M (2026-02-20) 路 Latest: $957.5M (2026-10-16)
| Window | EMAT | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -39.7% | -4.0% | -35.7% | 2026-03-23 |
| 90 days | -30.1% | +8.8% | -38.9% | 2026-05-21 |
| 180 days | -76.1% | +13.0% | -89.0% | 2026-08-19 |
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 bought $14K (1 purchase)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-01-13 | Stoddard Thomas K Director | Purchase | 1,000 | $13.99 | $14K | no | Form 4 |
| 2026-02-20: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-11-22 to 2026-03-22. 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 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.
Going-concern opinion issued by: UHY LLP
Source: independent auditor report in Form 10-K (period 2025-12-31)
Why this score: in auditor's report; also within 90 days: Late quarterly report (NT 10-Q)
Read the original filing on SEC.gov →
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Not investment advice. Automated summary; verify against the filing.
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