ZRCN · ZRCN Inc. · Insider Trading
$7.00
At close · Apr 8
Return incl. dividend (before tax)
Going-concern doubt
— flagged Sep 30, 2026
Substantial doubt about the company's ability to continue as a going concern.
“We do not believe our existing cash and cash equivalents along with borrowing capacity from our current lender will be sufficient to meet our anticipated cash needs over the next 12 months which raises substantial doubt about the Company's ability to continue as a going concern without any additional management actions. ... Management is actively pursuing options to improve liquidity, including negotiating waivers and/or amendments to our financial covenants, reducing discretionary spending and capital expenditures, negotiating cost reductions with our suppliers, continuing to improve inventory and evaluating potential capital raises. These plans should help the Company improve its liquidity position over the next fiscal year and enable the Company to continue as a going concern; however, while these plans are intended to mitigate the risk, there can be no assurance that they will be successful in eliminating the substantial doubt about the Company's ability to continue as a going concern.”View the 10-Q filed Sep 30, 2026
Market Cap
$72.53M
Shares
10.36M
Volume · Apr 8
100
Avg daily vol (3 sessions)
100
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2022-09-16 | Guilbaud Christian |
Director, 10% Owner |
Buy↑
Filing footnotes — Common Stocks unit (Direct)
Each common stock unit consists of 1 common stock and 1 common stock warrants. Each common stock warrants entitles the holder to purchase 1 common stock at $0.25 within 24 months from the closing date. Common stock par value is $0.0001 per share. |
Common Stocks unit
|
150,000 |
| 2022-09-16 | Guilbaud Christian |
Director, 10% Owner |
Buy↑
|
Warrants
|
150,000 |
| 2022-09-16 | Zeng Nick Nianqing |
Director, CEO, 10% Owner |
Other↑
Filing footnotes — Common Stocks (Indirect)
Converted $54,000 into 540,000 common stock at $0.10 per share. Common stock par value is $0.0001 per share. |
Common Stocks
(I)
|
540,000 |
Legend
Buy — open-market purchase
Sell — open-market sale
↑ Shares acquired
↓ Shares disposed (gift, conversion, tax…)
Showing 1–3 of 3 transactions