Home / Going-concern warnings / U.S. GOLD CORP.
Filed 2025-07-29 路 Form 10-K 路 Accession 0001641172-25-021368 micro
Price before filing: $11.11 (2025-07-28 close, split/dividend-adjusted)
Market cap at flag: $154.9M (2025-07-29) 路 Latest: $195.7M (2026-10-16)
| Window | USAU | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +17.5% | +1.9% | +15.6% | 2025-08-28 |
| 90 days | +42.8% | +7.9% | +35.0% | 2025-10-27 |
| 180 days | +93.3% | +9.4% | +84.0% | 2026-01-26 |
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: no open-market insider sales or purchases reported.
30 days after: 1 insider sold $600K (1 sale)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-07-29: red flag filed | |||||||
| 2025-08-09 | NORMAN LUKE ANTHONY Director | Sale | 49,917 | $12.02 | $600K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-04-30 to 2025-08-28. 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.
Going-concern opinion issued by: Marcum LLP
Source: independent auditor report in Form 10-K (period 2025-04-30)
Why this score: in auditor's report; also within 90 days: Auditor change
Read the original filing on SEC.gov →
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Not investment advice. Automated summary; verify against the filing.
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