Concentration-based reconstruction reconciles to the data-service reported float of ~1.87M; insiders (Dass + TalenTec + ARC) plus advisory-share recipients hold the overwhelming majority of the 10.77M outstanding, leaving a thin ~1.87M free-trading float.
Data-service feed, fetched today. The number TradingView and most screeners show.
Your screener's float is right for BTTC. Trade off 1.87M shares. What it does not show you is what is about to be added to it.
The float your screener shows is right, at 1.87M. 2 floorless convertible notes and 4 reverse splits can add another 476% of the float.
Variable-rate (death-spiral) convertible note. Initial OID convertible note converts at the lower of $1.98 or 90% of the lowest 10-day VWAP, with a low $0.3248 floor.
Variable-rate preferred conversion overhang. 800 Series B Preferred (issued 2026-05-08 to related party ARC) convert at 80% of the 5-day VWAP — a 20% discount to market with no fixed floor disclosed.
Latent oversized convertible program. The SPA authorizes up to $198,485,000 of Additional Notes on the same toxic floating-conversion terms, issuable at company option through 2029-01-16.
From today's float to the ceiling
sharesCeiling computed from the itemised overhang.
Where the shares come from
each subtotal is a rung on the ladder above
Not counted anywhere: ATM and shelf capacity. Convertible share counts use stated conversion prices.
Engine fully-diluted count (19.71M) is below the itemised overhang; ceiling computed from the rows.
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Market data as of Sep 21, 2026
Key dates
- Jan 16, 2029 · Buyer's obligation to purchase up to $198,485,000 Additional Notes terminates — window for further toxic draws