Home / Going-concern warnings / Tonix Pharmaceuticals Holding Corp.
Filed 2026-08-10 路 Form 10-Q 路 Accession 0001999371-26-017452 micro
Price before filing: $12.03 (2026-08-07 close, split/dividend-adjusted)
Market cap at flag: $209.4M (2026-08-10) 路 Latest: $100.5M (2026-10-16)
| Window | TNXP | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +6.7% | -1.4% | +8.1% | 2026-09-09 |
| 90 days | pending | pending | until 2026-11-08 | |
| 180 days | pending | pending | until 2027-02-06 |
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 $132K (3 purchases)
30 days after: 2 insiders bought $40K (2 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-06-08 | Stillwell Richard Newcomb Director | Purchase | 5,000 | $11.65 | $58K | no | Form 4 |
| 2026-06-09 | LEDERMAN SETH Chief Executive Officer, Director | Purchase | 5,000 | $11.79 | $59K | no | Form 4 |
| 2026-06-12 | Taylor Carolyn E. Director | Purchase | 1,415 | $10.55 | $15K | no | Form 4 |
| 2026-08-10: red flag filed | |||||||
| 2026-08-20 | BAGGER RICHARD H Director | Purchase | 1,000 | $12.60 | $13K | no | Form 4 |
| 2026-08-27 | LEDERMAN SETH Chief Executive Officer, Director | Purchase | 2,000 | $13.79 | $28K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-05-12 to 2026-09-09. 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.
"These factors raise 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 2026-06-30)
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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