HEPA — Hepion Pharmaceuticals, Inc.
Going Concerngoing concern in latest 10-Q🖨 Heavy Printer🌀 Serial Splitter⚰️ Delisting Watch1-for-576 cumulative
XBRL EDGAR
going concern in latest 10-Q
Case Notes
Hepion Pharmaceuticals, Inc. has 2 reverse splits on record — cumulative 1-for-576. Its share count grew 432.0% over the last twelve months per XBRL EDGAR data.
Most recent stress filing: 10-Q on 2026-05-15, flagging Going concern, Capital need, ATM/ELOC. No S-1 or 424B supply registrations appear in the last 12 months.
Auditors have documented doubt about the company's ability to continue as a going concern over the next twelve months. In our dataset, companies in this posture have historically reached for the standard tools of survival: further share issuance, reverse splits to meet exchange minimums, and shelf registrations. The filings describe the mechanism; the timing and outcome are not knowable from this record.
Share Count Over Time
XBRL cover-page share counts from SEC EDGAR filings. Amber dashed lines mark reverse-split dates. 2 reverse splits on record.
Reverse Split Log
Each event consolidates shares — fewer shares, same market cap. Source: EDGAR corporate actions.
Cumulative effective ratio: 1-for-576— a share held at inception is now worth 1/576 of its original fraction.
Filing Stress Record
Stress-language flags extracted from SEC EDGAR 10-K/10-Q filings. Score 1–10 reflects language intensity.
| Date | Form | Score | Flags |
|---|---|---|---|
| 2024-08-13 | 10-Q | 3/10 | Going concernCapital needATM/ELOC |
| 2024-11-15 | 10-Q | 3/10 | Going concernCapital needATM/ELOC |
| 2025-04-09 | 10-K | 4/10 | Going concernCapital needATM/ELOCListing compliance |
| 2025-05-20 | 10-Q | 5/10 | Going concernCapital needATM/ELOCSplit intentListing compliance |
| 2025-08-14 | 10-Q | 4/10 | Going concernCapital needATM/ELOCSplit intent |
| 2025-11-12 | 10-Q | 4/10 | Going concernCapital needATM/ELOCSplit intent |
| 2026-03-12 | 10-K | 3/10 | Going concernCapital needATM/ELOC |
| 2026-05-15 | 10-Q | 3/10 | Going concernCapital needATM/ELOC |
Source: public EDGAR records.
424B Supply Pulse
Prospectus supplements (424B5) filed registering shares for resale — each bar is one month with a filing. Bars above average signal active distribution windows. Source: SEC EDGAR.