Home / Going-concern warnings / NEONC TECHNOLOGIES HOLDINGS, INC.
Filed 2025-11-14 路 Form 10-Q 路 Accession 0001829126-25-009210 micro
Price before filing: $8.98 (2025-11-13 close, split/dividend-adjusted)
Market cap at flag: $174.4M (2025-11-14) 路 Latest: $66.6M (2026-10-16)
| Window | NTHI | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +10.0% | +1.3% | +8.7% | 2025-12-15 |
| 90 days | +16.6% | +1.7% | +14.9% | 2026-02-12 |
| 180 days | -39.6% | +11.1% | -50.7% | 2026-05-13 |
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: no open-market insider sales or purchases reported.
30 days after: 2 insiders bought $192K (4 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-11-14: red flag filed | |||||||
| 2025-11-20 | Neman-Ebrahim Yousha Chief Clinical Officer | Purchase | 1,100 | $6.69 | $7K | no | Form 4 |
| 2025-11-21 | Heshmatpour Amir F President, Director, 10% owner | Purchase | 20,000 | $5.98 | $120K | no | Form 4 |
| 2025-11-21 | Heshmatpour Amir F President, Director, 10% owner | Purchase | 4,000 | $6.50 | $26K | no | Form 4 |
| 2025-11-24 | Heshmatpour Amir F President, Director, 10% owner | Purchase | 6,000 | $6.51 | $39K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-08-16 to 2025-12-14. 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 2025-09-30)
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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