Post-August-offering outstanding (13,503,723) less CEO-controlled issued common held directly and through four entities (1,413,814), less the Velan Capital block (2,687,500 common bought in the Feb 2025 Series B-1 placement; Velan holds board-nomination rights and is treated as an affiliate subject to Rule 144 volume limits), less 52,082 director-purchased shares.
Data-service feed, fetched today. The number TradingView and most screeners show.
Your screener's float is right for EDSA. Trade off 10.98M shares. What it does not show you is what is about to be added to it.
The float your screener shows is right, at 10.98M. An active $2.3M ATM and 4 reverse splits can add another 124% of the float.
Preferred stock conversion overhang (deep in the money). 736 Series B-1 Convertible Preferred Shares remain outstanding, convertible at a FIXED $1.92 into 3,833,333 common shares — 146% in the money against the $4.735 market price and equal to ~35% of the…
Rapid share count growth. Shares outstanding have roughly doubled in twelve months: 7,037,648 (2025-08-08) → 9,641,031 (2026-08-13, +37% per deterministic XBRL) → 13,503,723 post the August 21, 2026 offering, a +91.9% increas…
Warrant overhang — catalyst-triggered, short-dated. The August 2026 offering created 4,545,500 warrants at $7.50 (plus 681,825 more if the underwriters' option is exercised), equal to 41-48% of the float.
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 $2.3M 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.
See the full breakdown
Red flags, financing counterparties, the deal timeline, and every SEC filing — free with an account.
Sign in to continueThe facts
Market data as of Oct 25, 2026
Key dates
- Nov 17, 2026 · 90-day company and officer/director lock-up expires — reopens ATM draws ($2,262,508 remaining), shelf takedowns, insider selling, and the ability to effect a r…