Upper-bound reconstruction: post-closing outstanding minus the Voting Agreement insider group minus BladeRanger's restricted closing shares.
Data-service feed, fetched today. The number TradingView and most screeners show.
Your screener overstates the float. Trade off 1.60M shares.
The float your screener shows is overstated 13%: 1.80M reported, 1.60M actual. An active $9.4M ATM and 1 floorless convertible note can add another 998% of the float.
Deep-discount settlement conversion pending delivery. LHT I (assignee of the defaulted J.J. Astor note) is owed 2,815,506 shares at $0.386, about 76% below the $1.61 price.
Preferred conversion overhang with price reset. 8,433,123 Series C auto-convert 1:1 on stockholder approval (targeted Jan 2027), which is 3.3x current outstanding.
Lock-up-free distribution of conversion shares. The Blink $12.5M note converts into 2,166,667 shares once approval + S-1 are in place.
From today's float to the ceiling
sharesWhere the shares come from
each subtotal is a rung on the ladder above
ATM program active with $9.4M of registered capacity remaining. Sales are paced by the agent against daily volume; the headline figure is not the near-term supply.
Not counted anywhere: ATM and shelf capacity. Convertible share counts use stated conversion prices.
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Market data as of Nov 1, 2026
Key dates
- Mar 10, 2027 · H Capital note maturity
- Apr 1, 2027 · Series C conversion share lock-up expires, then leak-out at 10% of daily volume