Red Flags Detected

  • Material Weakness (new) — Company disclosed a new material weakness in controls over complex transactions as of December 31, 2025, rendering disclosure controls ineffective.
  • Going Concern (removed) — Auditor removed going-concern paragraph after company raised $60M+ and improved liquidity from $27.6M to $49.7M in cash/marketable securities.
  • Auditor Change (new) — Marcum LLP's attest business was acquired by CBIZ CPAs P.C. effective November 1, 2024, resulting in auditor change mid-period.
NASDAQ: RANI Rani Therapeutics Holdings, Inc. 10-K

Rani raises $60M, secures Chugai deal, repays all debt—but discloses control weakness

Filed March 26, 2026 · Period ending December 31, 2025 · Compared to 10-K Mar 31, 2025 · ~2 min read

5 material changes detected in this filing.

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