Home / Going-concern warnings / MAIA Biotechnology, Inc.
Filed 2025-11-07 路 Form 10-Q 路 Accession 0001493152-25-021272 nano
Price before filing: $1.1 (2025-11-06 close, split/dividend-adjusted)
Market cap at flag: $36.0M (2025-11-07) 路 Latest: $66.9M (2026-10-16)
| Window | MAIA | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +11.8% | +2.0% | +9.8% | 2025-12-08 |
| 90 days | +73.6% | +1.4% | +72.2% | 2026-02-05 |
| 180 days | +22.7% | +10.1% | +12.6% | 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: 1 insider bought $25K (1 purchase)
30 days after: 3 insiders bought $210K (14 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-10-01 | Smith Stan Director | Purchase | 19,230 | $1.30 | $25K | no | Form 4 |
| 2025-11-07: red flag filed | |||||||
| 2025-11-21 | Vitoc Vlad Chief Executive Officer, Director, 10% owner | Purchase | 1,800 | $0.92 | $2K | no | Form 4 |
| 2025-11-24 | Smith Stan Director | Purchase | 10,000 | $0.99 | $10K | no | Form 4 |
| 2025-11-24 | Vitoc Vlad Chief Executive Officer, Director, 10% owner | Purchase | 10,000 | $0.99 | $10K | no | Form 4 |
| 2025-11-25 | Luput Cristian Director | Purchase | 10,000 | $0.98 | $10K | no | Form 4 |
| 2025-11-25 | Smith Stan Director | Purchase | 15,000 | $0.98 | $15K | no | Form 4 |
| 2025-11-25 | Vitoc Vlad Chief Executive Officer, Director, 10% owner | Purchase | 10,500 | $0.97 | $10K | no | Form 4/A |
| 2025-11-26 | Luput Cristian Director | Purchase | 20,000 | $1.08 | $22K | no | Form 4 |
| 2025-11-26 | Smith Stan Director | Purchase | 15,000 | $1.04 | $16K | no | Form 4 |
| 2025-11-26 | Vitoc Vlad Chief Executive Officer, Director, 10% owner | Purchase | 22,000 | $1.05 | $23K | no | Form 4/A |
| 2025-11-28 | Luput Cristian Director | Purchase | 18,145 | $1.11 | $20K | no | Form 4 |
| 2025-11-28 | Vitoc Vlad Chief Executive Officer, Director, 10% owner | Purchase | 50,000 | $1.14 | $57K | no | Form 4/A |
| 2025-12-05 | Smith Stan Director | Purchase | 4,580 | $1.20 | $5K | no | Form 4 |
| 2025-12-05 | Smith Stan Director | Purchase | 4,580 | $1.19 | $5K | no | Form 4 |
| 2025-12-05 | Smith Stan Director | Purchase | 4,580 | $1.20 | $5K | 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.
"Accordingly, there is substantial doubt about the Company's ability to continue as a going concern within one year after these financial statements are issued."
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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