The CFO appointment and consulting agreement are overshadowed by the severe restatement filed two days prior. Monitor for Nasdaq delisting risk and any shareholder lawsuits. The stock-based compensation is dilutive for a micro-cap already in crisis. The new CFO's background and any subsequent auditor changes will be key signals.
Price Chart
Executive Summary
Nocera, Inc. appointed Shun-Chih Chuang as CFO and entered into a consulting agreement with Chien-Hua Tseng for AI advisory services, both effective August 17, 2026. The CFO receives an $84,000 annual salary plus 100,000 shares annually, and the consultant receives 100,000 shares over two years. These appointments come just two days after a severe restatement filing (Item 4.02) that rendered prior financials unreliable, raising questions about whether the new CFO is a clean-up hire and whether the stock-based compensation further dilutes existing shareholders at a $4M market cap.
Key Facts
- Nocera appointed Shun-Chih Chuang as CFO with an $84,000 annual salary and 100,000 shares of common stock annually.
- Nocera entered a consulting agreement with Chien-Hua Tseng for AI advisory services, issuing 50,000 shares immediately and 50,000 shares in year two.
- The appointments occurred on August 17, 2026, just two days after the company filed an 8-K restating its FY2024, FY2025, and interim 2025 financials due to accounting errors.
- The restatement involved a $1.35M goodwill reduction and a $2.6M net sales reduction for FY2025, with material weaknesses in internal controls.
- The CFO and consultant together are entitled to up to 300,000 shares over two years, representing significant potential dilution for a company with a $4M market cap.
Financial Impact
Potential dilution of up to 300,000 shares over two years for CFO and consultant compensation, against a $4M market cap. CFO salary adds $84,000/year in cash burn.
Risk Factors
- Nasdaq delisting due to restatement and material weaknesses
- Shareholder litigation from the accounting restatement
- Significant dilution from stock-based compensation to new officers and consultants
- Going-concern risk given the $4M market cap and restated financials
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (NCRA) — Batch item 1 | 0001683168-26-006601 |
| Document: nocera_ex1001.htm | 0001683168-26-006601 |
| Document: nocera_8k.htm | 0001683168-26-006601 |
| Document: 0001683168-26-006601-index-headers.html | 0001683168-26-006601 |
| Document: 0001683168-26-006601-index.html | 0001683168-26-006601 |
| Document: 0001683168-26-006601.txt | 0001683168-26-006601 |
| 8-K Filing (NCRA) — Batch item 7 | 0001683168-26-006601 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 2, 2026 24d ago | 10-Q/A | $1.64 $1.78 | ▼ −8.54% | ▼ −8.11% | $1.42 (+13.41%) |
Sep 23, 2026 4w ago | Press Release | $1.84 $1.80 | ▼ −2.17% | ▼ −1.50% | $1.42 (−22.83%) |
Sep 23, 2026 4w ago | 8-K | $1.84 $1.80 | ▼ −2.17% | ▼ −1.50% | $1.42 (−22.83%) |
Aug 28, 2026 8w ago | 10-K/A / 10-Q/A | $2.83 $1.75 | ▲ +38.16% | ▲ +38.02% | $1.42 (+49.82%) |
Aug 28, 2026 8w ago | 10-Q/A | $2.83 $1.75 | ▲ +38.16% | ▲ +38.02% | $1.42 (+49.82%) |
Aug 19, 2026 9w ago | 8-K | $1.97 $1.75 | ▲ +11.17% | ▲ +12.28% | $1.42 (+27.92%) |
Aug 17, 2026 10w ago | 8-K | $2.10 $1.74 | ▲ +17.14% | ▲ +16.94% | $1.42 (+32.38%) |
Aug 13, 2026 10w ago | 8-K | $2.31 $1.91 | ▼ −17.32% | ▼ −15.95% | $1.42 (−38.53%) |
Jul 8, 2026 15w ago | 8-K | $1.64 $1.44 | ▼ −12.20% | ▼ −12.06% | $1.42 (−13.41%) |
Jun 16, 2026 18w ago | Press Release | $0.1200 $0.0920 | ▼ −23.33% | ▼ −21.06% | $1.42 (+1083.33%) |
US Market Status
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