Home / Auditor changes / RAND CAPITAL CORP
Filed 2025-09-11 路 Form 8-K 路 Accession 0001493152-25-013089 nano
Price before filing: $13.12 (2025-09-10 close, split/dividend-adjusted)
Market cap at flag: $44.2M (2025-09-11) 路 Latest: $28.4M (2026-10-16)
| Window | RAND | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -4.4% | +1.9% | -6.4% | 2025-10-13 |
| 90 days | +6.0% | +5.7% | +0.3% | 2025-12-10 |
| 180 days | -13.3% | +4.4% | -17.7% | 2026-03-10 |
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: 1 insider bought $15K (12 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-09-11: red flag filed | |||||||
| 2025-09-15 | Gusky Adam Samuel Director | Purchase | 100 | $14.60 | $1K | no | Form 4 |
| 2025-09-15 | Gusky Adam Samuel Director | Purchase | 100 | $14.59 | $1K | no | Form 4 |
| 2025-09-15 | Gusky Adam Samuel Director | Purchase | 25 | $14.58 | $364 | no | Form 4 |
| 2025-09-15 | Gusky Adam Samuel Director | Purchase | 10 | $14.57 | $146 | no | Form 4 |
| 2025-09-15 | Gusky Adam Samuel Director | Purchase | 10 | $14.60 | $146 | no | Form 4 |
| 2025-09-15 | Gusky Adam Samuel Director | Purchase | 100 | $14.57 | $1K | no | Form 4 |
| 2025-09-15 | Gusky Adam Samuel Director | Purchase | 100 | $14.55 | $1K | no | Form 4 |
| 2025-09-15 | Gusky Adam Samuel Director | Purchase | 25 | $14.55 | $364 | no | Form 4 |
| 2025-09-15 | Gusky Adam Samuel Director | Purchase | 10 | $14.56 | $146 | no | Form 4 |
| 2025-09-15 | Gusky Adam Samuel Director | Purchase | 100 | $15.00 | $2K | no | Form 4 |
| 2025-09-15 | Gusky Adam Samuel Director | Purchase | 250 | $15.00 | $4K | no | Form 4 |
| 2025-09-15 | Gusky Adam Samuel Director | Purchase | 200 | $15.00 | $3K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-06-13 to 2025-10-11. 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.
"A copy of such letter, which is dated September 11, 2025, is filed as Exhibit 16.1 to this Current Report on Form 8-K. (b) Appointment of New Independent Registered Public Accounting Firm In connection with the Replacement, on September 11, 2025, the Audit Committee and the Board each approved the engagement of Withum as the Company's independent registered public accounting firm for the fiscal year ending December..."
Quoted from the filing. Source
The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.
Type: changed
Disagreements reported: no
New auditor: WithumSmith+Brown, PC
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
The week's most serious auditor changes, restatements, late filings and going-concern warnings, in plain English. Free. Unsubscribe anytime.
Subscribe to the newsletter →
The signup form didn't load here (often an ad or privacy blocker). This opens beehiiv's secure signup page.
Form not showing? Subscribe on beehiiv →
Newsletter delivered by beehiiv. See our privacy policy.