SNFI · OTC
It filed on time and stood behind its numbers. Of companies scoring zero, 4.0% were delisted, went bankrupt, restated or stopped filing within the following year.
Hover or tap a dot to see the filings behind that score.
Lordstown Motors Corp. (the “Company”) was unable, without unreasonable effort or expense, to file its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2021 (the “Quarterly Report”) by the prescribed due date for the reasons described below. As disclosed in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on May 11, 2021, in light of the statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies (the “Statement”) issued by the staff of the SEC on April 12, 2021, the Board of Directors (the “Board”) of the Company, in consultation with the Audit Committee of the Board, concluded that it would be appropriate to restate the Company’s audited financial statements for the period ended December 31, 2020 (the “2020 Financial Statements”) included in its an Annual Report on Form 10-K filed with the SEC on March 24, 2021 (the “Form 10-K”) to classify certain of its warrants as liabilities and not as components of equity. The Company is working diligently to complete the necessary work in connection with the restatement and intends to file an amendment to its Form 10-K to include the restated 2020 Financial Statement and related information to conform to the interpretations in the Statement as soon as reasonably practicable. The Company’s financial statements for the three months ended March 31, 2021 cannot be finalized until the restated 2020 Financial Statements are completed, after which time the Company intends to file its Form 10-Q for the quarter ended March 31, 2021 as soon as reasonably practicable thereafter
NT 10-Q, filed 2021-05-18 · restatement
2024-04-18auditor changed or resigned SEC →
Lordstown Motors Corp. (the “Company”) was unable, without unreasonable effort or expense, to file its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2021 (the “Quarterly Report”) by the prescribed due date for the reasons described below. As disclosed in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on May 11, 2021, in light of the statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies (the “Statement”) issued by the staff of the SEC on April 12, 2021, the Board of Directors (the “Board”) of the Company, in consultation with the Audit Committee of the Board, concluded that it would be appropriate to restate the Company’s audited financial statements for the period ended December 31, 2020 (the “2020 Financial Statements”) included in its an Annual Report on Form 10-K filed with the SEC on March 24, 2021 (the “Form 10-K”) to classify certain of its warrants as liabilities and not as components of equity. The Company is working diligently to complete the necessary work in connection with the restatement and intends to file an amendment to its Form 10-K to include the restated 2020 Financial Statement and related information to conform to the interpretations in the Statement as soon as reasonably practicable. The Company’s financial statements for the three months ended March 31, 2021 cannot be finalized until the restated 2020 Financial Statements are completed, after which time the Company intends to file its Form 10-Q for the quarter ended March 31, 2021 as soon as reasonably practicable thereafter
2021-05-11accounts declared unreliable SEC →
reportingrisk.com scores every active US filer on three things a company tells the SEC about itself: late-filing notices on Form NT, 8-K item 4.02 (past accounts declared unreliable) and 4.01 (auditor changes). 1,012 are flagged today.
Every score is frozen and checked twelve months later. Across 91,452 of them, a company scoring 4 or more ended that year delisted, bankrupt, restated or silent 17.2% of the time, against 4.0% for a clean record. Scores before 2026-09-27 were reconstructed from the filing history as it stood at each date, so the record is a backtest rather than years of live calls.
See the ledger → Every company the score flagged that later failed, what it told the SEC on the way down, and the ones it missed.Every item above is a filing this company
made with the SEC.
Snapshot 2026-11-04 · data from SEC EDGAR (public domain) · not
investment advice