Baseline is the Insight Sentry reported float of 4,090,235, sanity-checked against the 2026-08-14 cover-page count of 4,162,500 (float < outstanding, and price $1.53 x 4,162,500 = $6.37M market cap confirms the feed is already post 1-for-250 split).
Data-service feed, fetched today. The number TradingView and most screeners show.
Your screener's float is right for GDC. Trade off 4.09M shares. What it does not show you is what is about to be added to it.
The float your screener shows is right, at 4.09M. An active $255.0M ATM and 2 reverse splits can add another 0.5% of the float.
Oversized ATM capacity vs market cap — actively drawn. The April 28, 2026 ATM with Univest authorizes $300,000,000 of at-market issuance.
Rapid share count growth. Split-adjusted shares outstanding went from 67,182 (2025-08-12) to 4,162,500 (2026-08-14) — a 6,096% increase in twelve months, a 62x expansion.
Variable-rate equity line (floating-discount ELOC). A $300,000,000 Common Stock Purchase Agreement dated 2025-05-11 lets the Company put stock to an unnamed investor at 90% of the LOWEST daily VWAP over the five business days through the notice date —…
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 $255.0M of registered capacity remaining. Public float is under $75M, so the baby-shelf rule caps primary sales near $2.0M per 12 months; 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 Sep 22, 2026
Key dates
- Sep 29, 2026 · Rule 144 one-year anniversary of the 156,757 post-split Pallas share-exchange shares (3.8% of float) issued to related parties
- Dec 21, 2026 · Nasdaq minimum bid price compliance deadline from the 2026-06-22 deficiency notice; the 1-for-250 split was executed to cure it, but a relapse below $1.00 rest…