Home / Going-concern warnings / NEONC TECHNOLOGIES HOLDINGS, INC.
Filed 2026-05-15 路 Form 10-Q 路 Accession 0001829126-26-005358 micro
Price before filing: $5.46 (2026-05-14 close, split/dividend-adjusted)
Market cap at flag: $128.1M (2026-05-15) 路 Latest: $66.6M (2026-10-16)
| Window | NTHI | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -17.4% | +0.9% | -18.3% | 2026-06-15 |
| 90 days | -41.2% | +4.2% | -45.4% | 2026-08-13 |
| 180 days | pending | pending | until 2026-11-11 |
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: 4 insiders bought $476K (12 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-04-02 | Heshmatpour Amir F President, Director, 10% owner | Purchase | 20,000 | $6.09 | $122K | no | Form 4 |
| 2026-04-06 | Heshmatpour Amir F President, Director, 10% owner | Purchase | 5,000 | $6.32 | $32K | no | Form 4 |
| 2026-04-08 | Heshmatpour Amir F President, Director, 10% owner | Purchase | 10,000 | $5.61 | $56K | no | Form 4 |
| 2026-04-09 | Heshmatpour Amir F President, Director, 10% owner | Purchase | 5,000 | $5.19 | $26K | no | Form 4 |
| 2026-04-09 | SUH, DAVID JR. Chief Accounting Officer | Purchase | 200 | $5.00 | $1K | no | Form 4 |
| 2026-04-10 | CHEN THOMAS C Chief Scientific Officer, Director, 10% owner | Purchase | 948 | $5.17 | $5K | no | Form 4/A |
| 2026-04-10 | Heshmatpour Amir F President, Director, 10% owner | Purchase | 10,000 | $4.89 | $49K | no | Form 4 |
| 2026-04-23 | Heshmatpour Amir F President, Director, 10% owner | Purchase | 10,000 | $4.90 | $49K | no | Form 4 |
| 2026-04-23 | Neman-Ebrahim Yousha Chief Clinical Officer | Purchase | 500 | $4.88 | $2K | no | Form 4 |
| 2026-04-24 | CHEN THOMAS C Chief Scientific Officer, Director, 10% owner | Purchase | 10,000 | $4.80 | $48K | no | Form 4/A |
| 2026-04-28 | Heshmatpour Amir F President, Director, 10% owner | Purchase | 10,000 | $4.52 | $45K | no | Form 4 |
| 2026-05-01 | Heshmatpour Amir F President, Director, 10% owner | Purchase | 10,000 | $4.16 | $42K | no | Form 4 |
| 2026-05-15: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-02-14 to 2026-06-14. 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.
"We have concluded that there is substantial doubt about our ability to continue as a going concern for at least one year from the date of issuance of the condensed consolidated financial statements included in this Quarterly Report on Form 10-Q. Components of Results of Operations Revenue We occasionally receive a fee from a patient for a "right to try" humanitarian program."
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 2026-03-31)
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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