Home / Going-concern warnings / Wag! Group Co.
Filed 2025-05-12 路 Form 10-Q 路 Accession 0001842356-25-000063 nano
Price before filing: $0.1509 (2025-05-09 close, split/dividend-adjusted)
Market cap at flag: $7.4M (2025-05-12) 路 Latest: $2.4M (2026-03-09)
| Window | PET | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -1.5% | +6.6% | -8.1% | 2025-06-11 |
| 90 days | -95.0% | +13.0% | -108.0% | 2025-08-11 |
| 180 days | n/a | n/a | n/a | no price |
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: 8 insiders sold $57K (16 sales)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-02-19 | Allread Dylan Chief Operating Officer | Sale | 15,428 | $0.30 | $5K | no | Form 4 |
| 2025-02-19 | Allread Dylan Chief Operating Officer | Sale | 1,224 | $0.31 | $379 | no | Form 4 |
| 2025-02-19 | Arjomand Maziar Chief Technology Officer | Sale | 35,303 | $0.30 | $11K | no | Form 4 |
| 2025-02-19 | Arjomand Maziar Chief Technology Officer | Sale | 2,841 | $0.31 | $881 | no | Form 4 |
| 2025-02-19 | Cane David Chief Customer Officer | Sale | 13,760 | $0.30 | $4K | no | Form 4 |
| 2025-02-19 | Cane David Chief Customer Officer | Sale | 1,088 | $0.31 | $337 | no | Form 4 |
| 2025-02-19 | Davidian Alec Chief Financial Officer | Sale | 21,039 | $0.30 | $6K | no | Form 4 |
| 2025-02-19 | Davidian Alec Chief Financial Officer | Sale | 1,680 | $0.31 | $521 | no | Form 4 |
| 2025-02-19 | McCarthy Patrick Chief Marketing Officer | Sale | 17,212 | $0.30 | $5K | no | Form 4 |
| 2025-02-19 | McCarthy Patrick Chief Marketing Officer | Sale | 1,368 | $0.31 | $424 | no | Form 4 |
| 2025-02-19 | Smallwood Garrett Chief Executive Officer, Director | Sale | 35,303 | $0.30 | $11K | no | Form 4 |
| 2025-02-19 | Smallwood Garrett Chief Executive Officer, Director | Sale | 2,841 | $0.31 | $881 | no | Form 4 |
| 2025-02-19 | Storm Adam Pres. & Chief Product Off. | Sale | 28,120 | $0.30 | $8K | no | Form 4 |
| 2025-02-19 | Storm Adam Pres. & Chief Product Off. | Sale | 2,256 | $0.31 | $699 | no | Form 4 |
| 2025-02-19 | Yu Nicholas VP of Legal | Sale | 8,697 | $0.30 | $3K | no | Form 4 |
| 2025-02-19 | Yu Nicholas VP of Legal | Sale | 677 | $0.31 | $210 | no | Form 4 |
| 2025-05-12: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-11 to 2025-06-11. 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.
"Due to the Company's projected cash needs (which includes amounts due under the PPP Loan and the Financing Agreement) combined with its current liquidity level and history of net losses and cash used to fund operating activities, there is substantial doubt regarding the Company's ability to continue as a going concern for a period of at least one year from the date of issuance of these unaudited condensed..."
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 2025-03-31)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
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