Class A outstanding per 8/24/2026 F-1 cover less the de minimis insider Class A stake.
Data-service feed, fetched today. The number TradingView and most screeners show.
Your screener overstates the float. Trade off 743.9K shares.
The float your screener shows is overstated 15%: 854.3K reported, 743.9K actual. 3 reverse splits can add another 396% of the float.
Variable-rate warrants with share-count multiplication (death-spiral mechanics). All three outstanding warrant tranches (May, July, August 2026) contain full-ratchet Subsequent Equity Sale resets to the lower of the new issuance price or the lowest VWAP over the adjustment window…
Warrant overhang vs. float. 2,943,817 warrant shares against an estimated ~743,910-share tradeable float equals 396% of float and 317% of shares outstanding.
Reverse split history / serial consolidation. Three reverse splits in nine months — 1-for-16 (Dec 2025), 1-for-80 (Mar 2026), 1-for-45 (Aug 2026) — a cumulative 57,600:1.
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 (3.88M) is below the itemised overhang; ceiling computed from the rows.
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Market data as of Sep 19, 2026
Key dates
- Nov 2, 2026 · Approximate expiry of the 90-day officer/director lock-up from the August 4, 2026 closing
- Jan 6, 2028 · Outer limit of the shareholder authorization for cumulative consolidations up to 4000:1