Home / Going-concern warnings / SeaStar Medical Holding Corp
Filed 2025-08-13 路 Form 10-Q 路 Accession 0001831868-25-000007 nano
Price before filing: $7.3 (2025-08-12 close, split/dividend-adjusted)
Market cap at flag: $19.2M (2025-08-13) 路 Latest: $11.8M (2026-10-16)
| Window | ICU | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +19.2% | +2.3% | +16.9% | 2025-09-12 |
| 90 days | -32.9% | +6.6% | -39.4% | 2025-11-11 |
| 180 days | -66.7% | +8.6% | -75.3% | 2026-02-09 |
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 $37K (4 purchases)
30 days after: 2 insiders bought $39K (3 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-05-20 | Baird Jennifer A Director | Purchase | 10,000 | $1.28 | $13K | no | Form 4 |
| 2025-05-20 | Chung Kevin Chief Medical Officer | Purchase | 4,500 | $1.25 | $6K | no | Form 4 |
| 2025-06-24 | Neuman John Director | Purchase | 40,000 | $0.36 | $14K | no | Form 4 |
| 2025-06-30 | Baird Jennifer A Director | Purchase | 10,000 | $0.42 | $4K | no | Form 4 |
| 2025-08-13: red flag filed | |||||||
| 2025-08-22 | Chung Kevin Chief Medical Officer | Purchase | 10,000 | $0.80 | $8K | no | Form 4 |
| 2025-08-26 | Van Heel Kenneth Director | Purchase | 25,000 | $0.89 | $22K | no | Form 4 |
| 2025-08-27 | Van Heel Kenneth Director | Purchase | 10,000 | $0.86 | $9K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-05-15 to 2025-09-12. 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.
"The Company believes that these conditions raise substantial doubt about its 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
Read the original filing on SEC.gov →
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