Home / Going-concern warnings / BOLLINGER INNOVATIONS, INC.
Filed 2025-05-20 路 Form 10-Q 路 Accession 0001437749-25-017812 small
Price before filing: $2.125e+06 (2025-05-19 close, split/dividend-adjusted)
Market cap at flag: $332.4M (2025-05-20) 路 Latest: $2.5M (2026-10-16)
| Window | BINI | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -96.1% | +0.2% | -96.3% | 2025-06-20 |
| 90 days | -100.0% | +8.5% | -108.5% | 2025-08-18 |
| 180 days | -100.0% | +12.5% | -112.5% | 2025-11-17 |
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: 3 insiders sold $305K (4 sales); 1 insider bought $44K (1 purchase)
30 days after: 1 insider sold $124K (1 sale)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-02-21 | NOVOA IGNACIO Director | Sale | 2,000 | $4.61 | $9K | no | Form 4 |
| 2025-02-27 | WINTER MARY Director | Sale | 2,716 | $3.73 | $10K | no | Form 4 |
| 2025-03-05 | WINTER MARY Director | Sale | 62,000 | $2.01 | $125K | no | Form 4 |
| 2025-04-03 | HRT FINANCIAL LP 10% owner | Purchase | 546,706 | $0.08 | $44K | no | Form 4 |
| 2025-04-04 | HRT FINANCIAL LP 10% owner | Sale | 2,012,436 | $0.08 | $161K | no | Form 4 |
| 2025-05-20: red flag filed | |||||||
| 2025-06-10 | PUCKETT KENT Director | Sale | 21,000 | $5.92 | $124K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-19 to 2025-06-19. 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.
"Accordingly, the Company has concluded there is substantial doubt about its 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 2025-03-31)
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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