Home / Auditor changes / SANUWAVE Health, Inc.
Filed 2025-05-15 路 Form 8-K 路 Accession 0001628280-25-025878 micro
Price before filing: $34.28 (2025-05-14 close, split/dividend-adjusted)
Market cap at flag: $268.1M (2025-05-15) 路 Latest: $42.7M (2026-10-16)
| Window | SNWV | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -9.7% | +2.6% | -12.3% | 2025-06-16 |
| 90 days | +16.3% | +10.1% | +6.3% | 2025-08-13 |
| 180 days | +3.1% | +16.9% | -13.8% | 2025-11-11 |
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: 1 insider bought $204K (2 purchases)
30 days after: 2 insiders sold $167K (2 sales)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-04-29 | Opaleye Management Inc. 10% owner | Purchase | 5,000 | $25.49 | $127K | no | Form 4 |
| 2025-04-29 | Opaleye Management Inc. 10% owner | Purchase | 2,998 | $25.49 | $76K | no | Form 4 |
| 2025-05-15: red flag filed | |||||||
| 2025-05-15 | Cioanta Iulian Chief Sci. and Tech. Officer | Sale | 3,639 | $31.60 | $115K | no | Form 4 |
| 2025-06-05 | Stegagno Peter Chief Operating Officer | Sale | 1,862 | $27.71 | $52K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-14 to 2025-06-14. 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.
"On May 12, 2025, Sanuwave Health, Inc., a Nevada corporation (the "Company"), dismissed CBIZ CPAs P.C. ("CBIZ CPAs") as the Company's independent registered public accounting firm, and notified Baker Tilly US, LLP ("Baker Tilly") of its formal decision to engage Baker Tilly to serve as the independent registered public accounting firm of the Company for the year ending December 31, 2025, effective beginning with the..."
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: dismissed
Disagreements reported: no
Former auditor: CBIZ CPAs P.C. · New auditor: Baker Tilly US, LLP
Why this score: also within 90 days: Going-concern doubt
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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