Reported-float-first method.
Data-service feed, fetched today. The number TradingView and most screeners show.
Your screener's float is right for GELS. Trade off 4.40M shares. What it does not show you is what is about to be added to it.
The float your screener shows is right, at 4.40M. 1 floorless convertible note can add another 127% of the float.
Variable-rate equity line (ELOC) at discount to market. The Lincoln Park $12M equity line prices every draw at 95% of the LOWER of (i) the lowest sale price on the purchase date and (ii) the average of the three lowest closing prices over the prior ten se…
Floating-discount convertible notes (death-spiral mechanics). The May 2024 notes (~AUD$1,000,000) convert at a 22% discount to market with no disclosed floor price.
Recently registered shares now free-trading, not in data-service float. 4,000,000 shares were registered for resale by Lincoln Park under Reg.
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 left too much unexplained; ceiling computed from the itemised overhang.
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Market data as of Oct 18, 2026
Key dates
- Mar 13, 2027 · Expiration of the 24-month Lincoln Park purchase term and of the Variable Rate Transaction prohibition