Home / Going-concern warnings / Vulcan Infrastructure & Power Inc.
Filed 2025-08-13 路 Form 10-Q 路 Accession 0001628280-25-040150 nano
Price before filing: n/a (n/a close, split/dividend-adjusted)
Market cap at flag: n/a 路 Latest: $22.3M (2026-10-16)
| Window | VIP | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | n/a | n/a | n/a | |
| 90 days | n/a | n/a | n/a | |
| 180 days | n/a | n/a | n/a |
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 sold $23K (8 sales); 3 insiders bought $204K (5 purchases)
30 days after: 1 insider sold $836 (1 sale)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-05-19 | Kovler Jordan Chief Executive Officer, Director | Purchase | 10,000 | $1.11 | $11K | no | Form 4 |
| 2025-05-20 | Kovler Jordan Chief Executive Officer, Director | Purchase | 5,000 | $1.30 | $6K | no | Form 4 |
| 2025-05-20 | Krug Christopher J. Director | Purchase | 125,000 | $1.32 | $165K | no | Form 4 |
| 2025-05-20 | Mulvihill Christian Chief Financial Officer | Purchase | 10,000 | $1.35 | $13K | no | Form 4 |
| 2025-05-21 | Irwin Dale President | Sale | 4,681 | $1.30 | $6K | no | Form 4 |
| 2025-05-21 | Kovler Jordan Chief Executive Officer, Director | Sale | 3,133 | $1.30 | $4K | no | Form 4 |
| 2025-05-21 | Mulvihill Christian Chief Financial Officer | Sale | 4,596 | $1.30 | $6K | no | Form 4 |
| 2025-05-23 | Kovler Jordan Chief Executive Officer, Director | Purchase | 5,000 | $1.56 | $8K | no | Form 4 |
| 2025-06-13 | Mulvihill Christian Chief Financial Officer | Sale | 14 | $1.47 | $21 | no | Form 4 |
| 2025-06-13 | Mulvihill Christian Chief Financial Officer | Sale | 613 | $1.45 | $889 | no | Form 4 |
| 2025-07-14 | Mulvihill Christian Chief Financial Officer | Sale | 611 | $1.88 | $1K | no | Form 4 |
| 2025-08-04 | Irwin Dale President | Sale | 1,727 | $1.50 | $3K | no | Form 4 |
| 2025-08-04 | Mulvihill Christian Chief Financial Officer | Sale | 1,696 | $1.50 | $3K | no | Form 4 |
| 2025-08-13: red flag filed | |||||||
| 2025-08-13 | Mulvihill Christian Chief Financial Officer | Sale | 615 | $1.36 | $836 | 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 existence of these factors beginning in 2022 raised substantial doubt about the Company's 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 →
Not investment advice. Automated summary; verify against the filing.
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