Home / Going-concern warnings / NEONC TECHNOLOGIES HOLDINGS, INC.
Filed 2025-08-18 路 Form 10-Q 路 Accession 0001829126-25-006431 micro
Price before filing: $5.12 (2025-08-15 close, split/dividend-adjusted)
Market cap at flag: $103.2M (2025-08-18) 路 Latest: $66.6M (2026-10-16)
| Window | NTHI | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +107.2% | +2.4% | +104.8% | 2025-09-17 |
| 90 days | +55.5% | +3.7% | +51.7% | 2025-11-17 |
| 180 days | +80.9% | +6.7% | +74.1% | 2026-02-17 |
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: 3 insiders bought $60K (4 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 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 |
| 2025-05-22 | GARNETT KEITHLY CFO | Purchase | 675 | $7.29 | $5K | no | Form 4 |
| 2025-05-23 | Heshmatpour Amir F President, Director | Purchase | 2,000 | $7.39 | $15K | no | Form 4 |
| 2025-08-18: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-05-20 to 2025-09-17. 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 2025-06-30)
Why this score: quarterly (unaudited) disclosure; also within 90 days: Non-reliance / restatement
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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