Home / Going-concern warnings / Hawkeye Digital, Inc.
Filed 2025-05-13 路 Form 10-Q 路 Accession 0001477932-25-003614 nano
Price before filing: $0.07 (2025-05-12 close, split/dividend-adjusted)
Market cap at flag: $500,105 (2025-05-13) 路 Latest: $212.8M (2026-10-16)
| Window | HWKE | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +42.9% | +3.6% | +39.3% | 2025-06-12 |
| 90 days | +155.1% | +9.4% | +145.7% | 2025-08-11 |
| 180 days | +42.9% | +17.6% | +25.3% | 2025-11-10 |
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: 2 insiders sold $13K (6 sales)
30 days after: 1 insider sold $1K (3 sales)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-03-07 | Marshall Corby Director, 10% owner | Sale | 20,000 | $0.17 | $3K | no | Form 4 |
| 2025-03-17 | Marshall Corby Director, 10% owner | Sale | 20,000 | $0.15 | $3K | no | Form 4 |
| 2025-03-18 | Marshall Corby Director, 10% owner | Sale | 10,000 | $0.07 | $700 | no | Form 4 |
| 2025-04-06 | Mulgrew Christopher Robert 10% owner | Sale | 5,061 | $0.11 | $557 | no | Form 4 |
| 2025-04-24 | Mulgrew Christopher Robert 10% owner | Sale | 40,000 | $0.07 | $3K | no | Form 4 |
| 2025-05-12 | Mulgrew Christopher Robert 10% owner | Sale | 29,774 | $0.07 | $2K | no | Form 4 |
| 2025-05-13: red flag filed | |||||||
| 2025-05-21 | Mulgrew Christopher Robert 10% owner | Sale | 1,000 | $0.07 | $70 | no | Form 4 |
| 2025-06-09 | Mulgrew Christopher Robert 10% owner | Sale | 104 | $0.15 | $16 | no | Form 4 |
| 2025-06-11 | Mulgrew Christopher Robert 10% owner | Sale | 11,061 | $0.12 | $1K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-12 to 2025-06-12. 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 factors 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.
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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