Home / Going-concern warnings / REALLOYS INC.
Filed 2026-02-23 路 Form 10-K 路 Accession 0001437749-26-005114 micro
Price before filing: $13.1 (2026-02-20 close, split/dividend-adjusted)
Market cap at flag: $69.0M (2026-02-23) 路 Latest: $460.0M (2026-10-16)
| Window | ALOY | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -14.0% | -4.5% | -9.6% | 2026-03-25 |
| 90 days | -19.5% | +9.2% | -28.6% | 2026-05-26 |
| 180 days | -15.3% | +11.3% | -26.7% | 2026-08-24 |
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: 3 insiders sold $2.7M (8 sales)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-02-23: red flag filed | |||||||
| 2026-02-26 | WINSPEAR ROBERT L Chief Financial Officer, Director | Sale | 17,000 | $15.09 | $257K | no | Form 4/A |
| 2026-02-27 | Smith Charles Brandon Former Officer | Sale | 7,500 | $15.00 | $112K | no | Form 4 |
| 2026-02-27 | Smith Charles Brandon Former Officer | Sale | 1,000 | $19.00 | $19K | no | Form 4 |
| 2026-03-03 | Smith Charles Brandon Former Officer | Sale | 1,000 | $20.86 | $21K | no | Form 4 |
| 2026-03-04 | Smith Charles Brandon Former Officer | Sale | 5,000 | $26.00 | $130K | no | Form 4 |
| 2026-03-13 | KEPLER GUST 10% owner | Sale | 49,000 | $12.31 | $603K | no | Form 4 |
| 2026-03-16 | KEPLER GUST 10% owner | Sale | 71,000 | $11.01 | $782K | no | Form 4 |
| 2026-03-17 | KEPLER GUST 10% owner | Sale | 62,000 | $12.89 | $799K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-11-25 to 2026-03-25. 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.
"As discussed in Note 2 to the financial statements, the Company has suffered recurring losses from operations - $4,028,290 and $3,309,064 for the years ended December 31, 2025 and December 31, 2024 respectively; and used cash in its operating activities that raise 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.
Going-concern opinion issued by: Victor Mokuolu, CPA PLLC
Source: independent auditor report in Form 10-K (period 2025-12-31)
Why this score: in auditor's report; also within 90 days: Auditor change
Read the original filing on SEC.gov →
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