5/5Apogee Acquisition Corp (AACP): Non-reliance / restatement

Market data

Price before filing: $10.07 (2026-10-16 close, split/dividend-adjusted)
Market cap at flag: $160.3M (2026-10-16) · Latest: $160.3M (2026-10-16)

What happened next

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 (window still open until 2026-11-18): none reported so far.

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-07-21 to 2026-11-18. 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

"As a result of the foregoing, on October 14, 2026, the audit committee (the "audit committee") of the Company's board of directors (the "Board") concluded, after discussion with the Company's management, that the Company's previously issued unaudited condensed financial statements and other financial data included in the Q2 10-Q should be restated to correct the foregoing errors and should no longer be relied upon."

Quoted from the filing. Source

What this means

The company says previously issued financial statements (or the auditor's report on them) should no longer be relied upon (8-K Item 4.02). Non-reliance on the financial statements themselves is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.

Scope: previously issued financial statements

Why this score: also within 90 days: Going-concern doubt, Filing-delay notice, quarterly report (NT 10-Q)