Home / Going-concern warnings / NEONC TECHNOLOGIES HOLDINGS, INC.
Filed 2025-05-09 路 Form 10-Q 路 Accession 0001829126-25-003527 micro
Price before filing: $6.6 (2025-05-08 close, split/dividend-adjusted)
Market cap at flag: $139.7M (2025-05-09) 路 Latest: $66.6M (2026-10-16)
| Window | NTHI | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +4.5% | +6.1% | -1.6% | 2025-06-09 |
| 90 days | -27.3% | +12.2% | -39.5% | 2025-08-07 |
| 180 days | +66.8% | +20.6% | +46.2% | 2025-11-05 |
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: 5 insiders sold $3.8M (10 sales); 2 insiders bought $3K (3 purchases)
30 days after: 4 insiders bought $207K (14 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-03-26 | CHEN THOMAS C CEO, Director, 10% owner | Sale | 38,250 | $25.00 | $956K | no | Form 4/A |
| 2025-03-26 | CHEN THOMAS C CEO, Director, 10% owner | Sale | 983 | $19.13 | $19K | no | Form 4/A |
| 2025-03-26 | CHIANG MING-FU (ALAN) Director | Sale | 56,250 | $25.00 | $1.4M | no | Form 4/A |
| 2025-03-26 | CHIANG MING-FU (ALAN) Director | Sale | 1,446 | $19.13 | $28K | no | Form 4/A |
| 2025-03-26 | Delshad Jim Director | Purchase | 50 | $16.05 | $802 | no | Form 4 |
| 2025-03-26 | GARNETT KEITHLY CFO, Director | Sale | 6,450 | $25.00 | $161K | no | Form 4/A |
| 2025-03-26 | GARNETT KEITHLY CFO, Director | Sale | 166 | $19.13 | $3K | no | Form 4/A |
| 2025-03-26 | Heshmatpour Amir F Director | Sale | 37,500 | $25.00 | $938K | no | Form 4/A |
| 2025-03-26 | Heshmatpour Amir F Director | Sale | 964 | $19.13 | $18K | no | Form 4/A |
| 2025-03-26 | WALTERS PATRICK COO | Sale | 11,550 | $25.00 | $289K | no | Form 4/A |
| 2025-03-26 | WALTERS PATRICK COO | Sale | 297 | $19.13 | $6K | no | Form 4/A |
| 2025-04-15 | GARNETT KEITHLY CFO | Purchase | 300 | $5.38 | $2K | no | Form 4 |
| 2025-04-17 | Delshad Jim Director | Purchase | 50 | $6.92 | $346 | no | Form 4 |
| 2025-05-09: red flag filed | |||||||
| 2025-05-11 | Heshmatpour Amir F President, Director | Purchase | 1,600 | $7.51 | $12K | no | Form 4 |
| 2025-05-12 | CHEN THOMAS C CEO, Director, 10% owner | Purchase | 400 | $7.00 | $3K | no | Form 4 |
| 2025-05-12 | Delshad Jim Director | Purchase | 5,000 | $7.22 | $36K | no | Form 4 |
| 2025-05-12 | Heshmatpour Amir F President, Director | Purchase | 1,400 | $7.23 | $10K | no | Form 4 |
| 2025-05-13 | GARNETT KEITHLY CFO | Purchase | 90 | $7.01 | $631 | no | Form 4/A |
| 2025-05-13 | Heshmatpour Amir F President, Director | Purchase | 990 | $7.01 | $7K | no | Form 4 |
| 2025-05-14 | Heshmatpour Amir F President, Director | Purchase | 1,000 | $7.27 | $7K | no | Form 4 |
| 2025-05-15 | Heshmatpour Amir F President, Director | Purchase | 1,500 | $7.30 | $11K | no | Form 4 |
| 2025-05-16 | Heshmatpour Amir F President, Director | Purchase | 3,510 | $16.87 | $59K | no | Form 4 |
| 2025-05-19 | GARNETT KEITHLY CFO | Purchase | 135 | $7.23 | $976 | no | Form 4 |
| 2025-05-21 | CHEN THOMAS C CEO, Director, 10% owner | Purchase | 2,759 | $7.25 | $20K | no | Form 4 |
| 2025-05-22 | CHEN THOMAS C CEO, Director, 10% owner | Purchase | 2,709 | $7.38 | $20K | no | Form 4 |
Showing 25 of 27 transactions.
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-08 to 2025-06-08. 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 regarding 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; 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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