Home / Going-concern warnings / Ernexa Therapeutics Inc.
Filed 2026-03-13 路 Form 10-K 路 Accession 0001493152-26-010102 nano
Price before filing: $7.73 (2026-03-12 close, split/dividend-adjusted)
Market cap at flag: $6.4M (2026-03-13) 路 Latest: $2.5M (2026-10-16)
| Window | ERNA | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -36.4% | +3.3% | -39.6% | 2026-04-13 |
| 90 days | -15.1% | +11.1% | -26.2% | 2026-06-11 |
| 180 days | -48.0% | +15.1% | -63.1% | 2026-09-09 |
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 $2.0M (1 purchase)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-02-10 | Cherington Charles 10% owner | Purchase | 4,000,000 | $0.50 | $2.0M | no | Form 4 |
| 2026-03-13: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-12-13 to 2026-04-12. 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 conditions raise substantial doubt about the Company's 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: independent auditor report in Form 10-K (period 2025-12-31)
Why this score: in auditor's report
Read the original filing on SEC.gov →
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Not investment advice. Automated summary; verify against the filing.
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