Home / Going-concern warnings / CervoMed Inc.
Filed 2025-11-07 路 Form 10-Q 路 Accession 0001437749-25-033879 micro
Price before filing: $7.29 (2025-11-06 close, split/dividend-adjusted)
Market cap at flag: $75.5M (2025-11-07) 路 Latest: $22.9M (2026-10-16)
| Window | CRVO | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +20.6% | +2.0% | +18.6% | 2025-12-08 |
| 90 days | -36.9% | +1.4% | -38.3% | 2026-02-05 |
| 180 days | -47.5% | +10.1% | -57.6% | 2026-05-06 |
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: no open-market insider sales or purchases reported.
30 days after: 4 insiders bought $738K (18 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-11-07: red flag filed | |||||||
| 2025-11-12 | ALAM JOHN J CEO & President, Director, 10% owner | Purchase | 5,553 | $7.35 | $41K | no | Form 4 |
| 2025-11-12 | ELDER WILLIAM ROBERT CFO, GC & Secretary | Purchase | 3,500 | $7.44 | $26K | no | Form 4 |
| 2025-11-12 | Gregoire Sylvie Director, 10% owner | Purchase | 5,553 | $7.35 | $41K | no | Form 4 |
| 2025-11-13 | ALAM JOHN J CEO & President, Director, 10% owner | Purchase | 4,447 | $7.51 | $33K | no | Form 4 |
| 2025-11-13 | Gregoire Sylvie Director, 10% owner | Purchase | 4,447 | $7.51 | $33K | no | Form 4 |
| 2025-11-14 | ALAM JOHN J CEO & President, Director, 10% owner | Purchase | 1,693 | $7.55 | $13K | no | Form 4 |
| 2025-11-14 | ALAM JOHN J CEO & President, Director, 10% owner | Purchase | 1,707 | $7.57 | $13K | no | Form 4 |
| 2025-11-14 | Gregoire Sylvie Director, 10% owner | Purchase | 1,707 | $7.57 | $13K | no | Form 4 |
| 2025-11-14 | Gregoire Sylvie Director, 10% owner | Purchase | 1,693 | $7.55 | $13K | no | Form 4 |
| 2025-11-14 | Winton Matthew Chief Commercial and Business | Purchase | 10,000 | $7.57 | $76K | no | Form 4 |
| 2025-11-17 | ALAM JOHN J CEO & President, Director, 10% owner | Purchase | 10,807 | $8.46 | $91K | no | Form 4 |
| 2025-11-17 | ALAM JOHN J CEO & President, Director, 10% owner | Purchase | 10,793 | $8.46 | $91K | no | Form 4 |
| 2025-11-17 | ELDER WILLIAM ROBERT CFO, GC & Secretary | Purchase | 1,000 | $8.45 | $8K | no | Form 4 |
| 2025-11-17 | Gregoire Sylvie Director, 10% owner | Purchase | 10,793 | $8.46 | $91K | no | Form 4 |
| 2025-11-17 | Gregoire Sylvie Director, 10% owner | Purchase | 10,807 | $8.46 | $91K | no | Form 4 |
| 2025-11-17 | Winton Matthew Chief Commercial and Business | Purchase | 3,500 | $8.43 | $30K | no | Form 4 |
| 2025-11-18 | ELDER WILLIAM ROBERT CFO, GC & Secretary | Purchase | 2,500 | $8.32 | $21K | no | Form 4 |
| 2025-11-18 | Winton Matthew Chief Commercial and Business | Purchase | 1,500 | $7.95 | $12K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-08-09 to 2025-12-07. 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.
"The Company has a history of operating losses and expects to continue to incur losses in the foreseeable future, which raises 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 2025-09-30)
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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