Post-split outstanding of ~1,440,000 (Form 6-K, 2026-08-19) less an estimated ~10% held by affiliates/insiders and non-free-trading holders.
Data-service feed, fetched today. The number TradingView and most screeners show.
Your screener overstates the float. Trade off 1.30M shares.
The float your screener shows is overstated 11%: 1.44M reported, 1.30M actual. 6 reverse splits are in force; the near-term overhang has not been sized.
Reverse-split-triggered full-ratchet warrant reset (death spiral). All four warrant classes reset their exercise price to the lowest daily VWAP over the 5 trading days before and 5 trading days after the 2026-08-18 split effective time, AND the number of underlying…
Zero cash exercise / pre-funded-equivalent warrant overhang. Class B-1 and Class C-1 Warrants are exercisable pursuant to an alternative zero cash exercise exchange option.
Serial reverse splits / reverse-split-reset dilution cycle. Six reverse splits in 28 months: 1-for-100 (2024-04-12), 1-for-2.5 (2025-01-02), 1-for-6 (2025-04-04), 1-for-20 (2026-01-26), 1-for-7 (2026-04-27), 1-for-40 (2026-08-19) — cumulative ratio approximat…
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.
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Market data as of Sep 20, 2026
Key dates
- Aug 25, 2026 · Any post-split price weakness during the 2026-08-19 through ~2026-08-25 window mechanically manufactures additional shares.