5/5Massimo Group (MAMO): Non-reliance / restatement

Market data

Price before filing: $2.33 (2025-05-15 close, split/dividend-adjusted)
Market cap at flag: $92.3M (2025-05-16) · Latest: $38.6M (2026-10-16)

What happened next

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.

Insider trading around this filing

90 days before the flag: no open-market insider sales or purchases reported.
30 days after: none reported.

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-15 to 2025-06-15. 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.

Verified excerpt

"On May 14, 2025, the audit committee of the board of directors of Massimo Group (the " Company "), after discussion with the management of the Company, concluded that the Company's previously issued audited consolidated financial statements for the fiscal year ended December 31, 2024 included in the Company's Form 10-K as filed with the Securities and Exchange Commission (the " SEC ") on March 26, 2025 (the " Form..."

Quoted from the filing. Source

What this means

The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.

Why this score: also within 90 days: Auditor change