Home / Going-concern warnings / Aeries Technology, Inc.
Filed 2025-11-10 · Form 10-Q · Accession 0001829126-25-008937 micro
Price before filing: $5.18 (2025-11-07 close, split/dividend-adjusted)
Market cap at flag: $245.3M (2025-11-10) · Latest: $36.2M (2026-10-16)
| Window | AERT | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -10.4% | +2.5% | -12.9% | 2025-12-10 |
| 90 days | -30.1% | +3.7% | -33.8% | 2026-02-09 |
| 180 days | +10.4% | +10.8% | -0.4% | 2026-05-11 |
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 sold $64K (3 sales)
30 days after: 2 insiders sold $30K (2 sales); 1 insider bought $710 (1 purchase)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-09-02 | Webb Daniel S. CFO and CIO | Sale | 35,405 | $0.65 | $23K | yes | Form 4 |
| 2025-09-10 | Webb Daniel S. CFO and CIO | Sale | 14,595 | $0.60 | $9K | yes | Form 4 |
| 2025-10-01 | Webb Daniel S. CFO and CIO | Sale | 50,000 | $0.65 | $32K | yes | Form 4 |
| 2025-11-10: red flag filed | |||||||
| 2025-11-10 | Kumar Venu Raman Director, 10% owner | Purchase | 1,111 | $0.64 | $710 | no | Form 4 |
| 2025-11-10 | Kumar Venu Raman Director, 10% owner | Sale | 10 | $0.63 | $6 | no | Form 4 |
| 2025-11-24 | Webb Daniel S. CFO and CIO | Sale | 50,000 | $0.60 | $30K | yes | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-08-12 to 2025-12-10. 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.
"In performing this evaluation, the Company identified the following conditions that raised substantial doubt about its ability to continue as a going concern: ● As of September 30, 2025, the Company had a working capital deficit of $ 8,451 primarily due to current liabilities related to the FPAs of $ 4,139 (as defined below), short term borrowings of $ 4,374 , and certain business combination related payable..."
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 2025-09-30)
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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