Home / Going-concern warnings / Orchestra BioMed Holdings, Inc.
Filed 2025-05-12 路 Form 10-Q 路 Accession 0001558370-25-007373 micro
Price before filing: $2.65 (2025-05-09 close, split/dividend-adjusted)
Market cap at flag: $101.7M (2025-05-12) 路 Latest: $347.8M (2026-10-16)
| Window | OBIO | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +19.6% | +6.6% | +13.1% | 2025-06-11 |
| 90 days | -4.9% | +13.0% | -17.9% | 2025-08-11 |
| 180 days | +42.6% | +21.4% | +21.2% | 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: 1 insider bought $276K (2 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-04-29 | RTW INVESTMENTS, LP (+1 joint filer) 10% owner | Purchase | 50,000 | $2.53 | $126K | no | Form 4 |
| 2025-04-30 | RTW INVESTMENTS, LP (+1 joint filer) 10% owner | Purchase | 49,900 | $2.99 | $149K | no | Form 4 |
| 2025-05-12: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-11 to 2025-06-11. 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 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: 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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