Home / Going-concern warnings / Aspire-Lakewood Holdings, Inc.
Filed 2025-08-13 路 Form 10-Q 路 Accession 0001641172-25-023573 small
Price before filing: $432 (2025-08-12 close, split/dividend-adjusted)
Market cap at flag: $592.8M (2025-08-13) 路 Latest: $9.1M (2026-10-16)
| Window | ASBP | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +18.1% | +2.3% | +15.8% | 2025-09-12 |
| 90 days | -67.8% | +6.6% | -74.3% | 2025-11-11 |
| 180 days | -90.0% | +8.6% | -98.6% | 2026-02-09 |
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 $8K (2 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-06-04 | Fell Donald G. Director | Purchase | 9,500 | $0.39 | $4K | no | Form 4/A |
| 2025-06-05 | Fell Donald G. Director | Purchase | 10,500 | $0.39 | $4K | no | Form 4/A |
| 2025-08-13: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-05-15 to 2025-09-12. 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.
"As a result of the above, in connection with the Company's assessment of going concern considerations in accordance with Financial Accounting Standard Board's ("FASB") ASC Subtopic 205-40, "Going Concern," management has determined that the Company's liquidity condition raises substantial doubt about the Company's ability to continue as a going concern through twelve months from the date these condensed consolidated..."
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 2025-06-30)
Why this score: quarterly (unaudited) disclosure; also within 90 days: Auditor change
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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