CAPSCapstone Holding Corp. · NASDAQ · $0.20 · $4.43M mkt cap
Assessed Sep 1, 2026 · Reassessment
Is the float you're seeing correct?
15.70M
Estimated float

Cover-page shares outstanding at 2026-08-10 less estimated Brookstone/insider common (derived from restructuring-date percentages, which are the most recent quantified ownership data available) less 1,995,000 unvested restricted stock awards granted 2026-03-30.

Understated 44%
10.92M
Reported float

Data-service feed, fetched today. The number TradingView and most screeners show.

Your screener is showing a float that no longer exists. Trade off 15.70M shares.

Dilution risk9/10EXTREME
CONFIDENCE: MEDIUM

The float your screener shows is understated 44%: 10.92M reported, 15.70M actual. 3 convertible notes and 2 reverse splits can add another 69% of the float.

  • Rapid share count growth. Shares outstanding grew 63.0% in 83 days — from 12,625,905 (2026-05-19) to 20,578,551 (2026-08-10) — and 268.7% over twelve months from 5,581,205 (2025-08-12).

  • Equity line of credit — capacity vastly exceeding market cap. The Amended and Restated Tumim Stone Capital equity line dated 2026-06-11 provides $20,000,000 of capacity against a $3,807,032 market capitalization — 5.25x the entire company.

  • Convertible note conversion pressure with apparent reset mechanics. 3i, LP holds senior secured convertible notes with a stated fixed conversion price of $1.10 — approximately 6x the current $0.185 market price.

From today's float to the ceiling

shares
15.70M
Estimated float
tradeable today
+405.0K can sell now
16.11M
Effective supply
float plus what sells on notice
+7.35M if floors are cut and warrants exercise
23.46M
Fully diluted
ceiling

Ceiling computed from the itemised overhang.

Where the shares come from

each subtotal is a rung on the ladder above

Tradeable today
15.70M
Can sell now
Warrants in the money, at or near a zero strike
Exercisable at or below the current tape.
+405.0K
Effective supply
16.11M
Converts only if floors are cut · floors $1.10 to $1.10 against a $0.20 tape
Convertible notes
At the stated conversion prices; a cut to those prices raises the count.
+7.28M
Notes with no conversion price set
Sized in dollars until a price or floor is set; not counted in the ceiling.
$4.09M
Above the current price
Warrants out of the money
Struck above the current tape; supply only if the stock rises.
+68.8K
Options and RSUs
Employee equity; vests and settles over time.
+150
Fully diluted
23.46M

Not counted anywhere: ATM and shelf capacity. Convertible share counts use stated conversion prices.

Engine fully-diluted count (21.05M) is below the itemised overhang; ceiling computed from the rows.

See the full breakdown

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The facts

Price
$0.20
Market cap
$4.43M
Shares outstanding
21.75M
Reported float
10.92M
Avg volume
13.41M
Reverse splits
2 · latest authorized, ratio undisclosed, not yet effected · Jun 18, 2026
Going concern
Yes · 0 quarters runway
Quarterly burn

Market data as of Sep 23, 2026