IVFINVO Fertility, Inc. · NASDAQ Capital Market · $0.74 · $3.52M mkt cap
Assessed Sep 12, 2026 · Reassessment
Is the float you're seeing correct?
4.42M
Estimated float

Derived current outstanding = 2,295,035 (6/30/26 balance sheet) + 157,934 Alumni commitment shares (8/7/26) + 2,094,395 ELOC purchase shares sold through 8/28/26 = 4,547,364.

Confirmed · within 4%
4.23M
Reported float

Data-service feed, fetched today. The number TradingView and most screeners show.

Your screener's float is right for IVF. Trade off 4.42M shares. What it does not show you is what is about to be added to it.

Dilution risk9/10EXTREME
CONFIDENCE: MEDIUM

The float your screener shows is right, at 4.42M. An active $11.4M ATM, 1 floorless convertible note and 7 reverse splits can add another 466% of the float.

  • ELOC draws and remaining capacity. An active equity line of credit is expanding the float faster than any data service can track it.

  • Rapid share count growth. Share count growth is functionally vertical once adjusted for splits.

  • Recently registered shares now free-trading. 20,000,000 shares were registered for resale by Alumni Capital on S-1 File No.

From today's float to the ceiling

shares
4.42M
Estimated float
tradeable today
+314.0K can sell now
4.73M
Effective supply
float plus what sells on notice
+16.79M if floors are cut and warrants exercise
21.53M
Fully diluted
ceiling

Ceiling computed from the itemised overhang.

Where the shares come from

each subtotal is a rung on the ladder above

Tradeable today
4.42M
Can sell now
Registered resale shares, issuable on notice
Already effective; the holder can sell without a further filing.
+314.0K
Warrants in the money
None of the outstanding warrants are exercisable at this price.
+0
Effective supply
4.73M
Converts only if floors are cut · floors $1.60 to $16.00 against a $0.74 tape
Convertible notes, beyond the registered shares
At the stated conversion prices; a cut to those prices raises the count.
+12.59M
Preferred stock, as converted
Common equivalent at the stated conversion ratio.
+66.7K
Above the current price
Warrants out of the money
Struck above the current tape; supply only if the stock rises.
+4.12M
Options and RSUs
Employee equity; vests and settles over time.
+9.1K
Fully diluted
21.53M

ATM program active with $11.4M of registered capacity remaining. Public float is under $75M, so the baby-shelf rule caps primary sales near $1.0M 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.

Engine fully-diluted count (7.22M) is below the itemised overhang; ceiling computed from the rows.

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The facts

Price
$0.74
Market cap
$3.52M
Shares outstanding
4.77M
Reported float
4.23M
Avg volume
160.1K
Reverse splits
7 · latest 1-for-5 · Mar 27, 2026
Going concern
Yes · 1.5 quarters runway
Quarterly burn
$2.50M

Market data as of Oct 8, 2026

Key dates

  • Oct 23, 2026 · Approximate expiry of the three-month window in which the company may execute a definitive agreement under the 2026-07-23 Rule 5635(d) advance authorization fo…
  • Dec 31, 2026 · JAG Notes maturity and balloon payment; the $50,000 monthly installments and the full-ratchet conversion price make share settlement the likely path at sub-$1.…
  • Jun 30, 2028 · Alumni Any Market Purchase Agreement termination date (or earlier upon full commitment draw, delisting, or bankruptcy)
IVF Float & Dilution Analysis | ShareStructure.io