Home / Going-concern warnings / Immuneering Corp
Filed 2025-08-13 路 Form 10-Q 路 Accession 0001790340-25-000104 micro
Price before filing: $3.25 (2025-08-12 close, split/dividend-adjusted)
Market cap at flag: $127.7M (2025-08-13) 路 Latest: $232.3M (2026-10-16)
| Window | IMRX | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +161.2% | +2.3% | +158.9% | 2025-09-12 |
| 90 days | +107.4% | +6.6% | +100.8% | 2025-11-11 |
| 180 days | +52.3% | +8.6% | +43.7% | 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: 7 insiders bought $334K (12 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-06-17 | Schall Thomas J. Director | Purchase | 40,485 | $2.21 | $89K | no | Form 4 |
| 2025-06-18 | Feinberg Peter Director | Purchase | 25,000 | $2.53 | $63K | no | Form 4 |
| 2025-06-18 | Zeskind Benjamin J. PRESIDENT AND CEO, Director, 10% owner | Purchase | 21,000 | $2.39 | $50K | no | Form 4 |
| 2025-06-20 | Brakewood Harold Eugene Chief Business Officer | Purchase | 1,900 | $2.53 | $5K | no | Form 4 |
| 2025-06-20 | Hall Brett Matthew CHIEF SCIENTIFIC OFFICER | Purchase | 7,415 | $2.70 | $20K | no | Form 4 |
| 2025-06-23 | Hall Brett Matthew CHIEF SCIENTIFIC OFFICER | Purchase | 6,007 | $2.43 | $15K | no | Form 4 |
| 2025-06-27 | Schall Thomas J. Director | Purchase | 9,500 | $3.66 | $35K | no | Form 4 |
| 2025-07-01 | Zeskind Benjamin J. PRESIDENT AND CEO, Director, 10% owner | Purchase | 2,985 | $3.38 | $10K | no | Form 4 |
| 2025-07-02 | HAUSMAN DIANA Director | Purchase | 2,500 | $3.60 | $9K | no | Form 4 |
| 2025-07-02 | HAUSMAN DIANA Director | Purchase | 3,000 | $3.62 | $11K | no | Form 4 |
| 2025-07-02 | Neufeld Leah R CHIEF PEOPLE OFFICER | Purchase | 700 | $3.57 | $2K | no | Form 4 |
| 2025-07-02 | Zeskind Benjamin J. PRESIDENT AND CEO, Director, 10% owner | Purchase | 7,015 | $3.53 | $25K | no | Form 4 |
| 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.
"Based on these factors, as of August 13, 2025, the issuance date of the interim condensed consolidated financial statements for the three and six months ended June 30, 2025, the Company has concluded that there is substantial doubt about its ability to continue as a going concern for a period of one year from the date that these interim condensed consolidated financial statements are issued."
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
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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