Cover-page shares outstanding as of 2026-08-13 (3,567,592) less Quang Pham's direct 98,589 shares and 200,000 shares held indirectly through the PVBQ Living Trust.
Data-service feed, fetched today. The number TradingView and most screeners show.
Your screener's float is right for CVKD. Trade off 3.17M shares. What it does not show you is what is about to be added to it.
The float your screener shows is right, at 3.17M. Registered and convertible shares could add another 154% of the float.
Warrant overhang concentrated in a single counterparty. Total warrants outstanding of 4,595,140 as of 2026-06-30 equal 145% of the 3.17M reported float and 129% of the 3,567,592 shares outstanding.
Rapid share count growth. Deterministic XBRL share history shows outstanding growing from 1,658,771 (2024-11-07) to 3,567,592 (2026-08-13) — a 115% increase in twelve months and a 24.4% increase in the single quarter from 202…
Near-zero-strike pre-funded warrants outside the float. 960,000 pre-funded warrants were issued at a $0.0001 exercise price in the July 2026 PIPE; 469,000 were exercised in July 2026, leaving 491,000 outstanding with NO EXPIRATION DATE — they do not expir…
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 (8.10M) is below the itemised overhang; ceiling computed from the rows.
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Market data as of Oct 25, 2026
Key dates
- Oct 29, 2026 · Series B-2 Warrants (571,430 shares at $4.50) reach the 18-month mark from the 2026-04-29 registration effectiveness — expiration deadline creates an inducemen…
- Dec 31, 2026 · 2025 Common Warrants (414,748 at $10.60) and 2025 PA Warrants (13,479 at $13.5625) expire
- Jan 1, 2027 · 2022 Plan evergreen reset — reserve recalculates to 20% of outstanding plus warrant shares, potentially ~1.63M shares
- Jul 20, 2027 · PIPE one-year prohibition on variable-rate transactions expires, removing the contractual block on death-spiral-style structures