From what's tradeable today to what's realistically coming. Bigger = more selling pressure ahead.
Against a ~2.29M share float the company has just signed and registered a $15M (expandable to $50M) equity line with Alumni Capital covering 20,000,000 resale shares — roughly 873% of shares outstanding — priced at 94% of the lowest five-day VWAP (or 85% off-exchange), with the Nasdaq 19.99% exchange cap already waived by stockholders on 2026-07-23. That single mechanism awaits only S-1 effectiveness. Layered on top: a related-party JAG note ($287,333 principal, ~179,583 shares) and a 150,000-share JAG warrant that BOTH full-ratchet down to the price of any future lower-priced financing, meaning the first ELOC draw near $1.00 automatically resets them; 314,000 registered abeyance shares releasable on demand; and 1,893,492 warrants at $7.95 that are nominally 7.6x out of the money but carry adjustment-event provisions and sit with a counterparty that has been repriced-and-induced three times in eighteen months (Jan 2025 $1,008→$193.20, Apr 2025, Jan 2026 $8.45→$7.95). Score is held at 8 rather than 9-10 only because the ELOC is not yet drawable and the largest warrant slug is currently deep OTM at its stated strike.
Share Structure
Float to Fully Diluted Breakdown
Reported float from Insight Sentry (NASDAQ:IVF) — reported float 2,332,829 against reported shares outstanding 2,349,035, price $1.05, market cap $2.47M. Adjusted based on SEC filing analysis.
Reported float + filing adjustments
MEDIUM confidence
Registered and convertible shares that could enter the float relative to current float size.
Share estimates are approximate. Convertible share counts based on current price. Review SEC filings for exact terms.
See the full breakdown
Red flags, financing counterparties, the deal timeline, and every SEC filing — free with an account.
Sign in to continue- 1-for-5·Mar 27, 2026~5 mo ago
- 1-for-8·Nov 28, 2025~9 mo ago
- 1-for-3·Jul 21, 2025~1 yr ago
- 1-for-12·Mar 18, 2025~1 yr ago
- 1-for-20·Jul 28, 2023~3 yr ago
- 1:1.6·Nov 9, 2020~6 yr ago
- 1-for-20·May 26, 2020~6 yr ago
- ▸Alumni Capital LP equity line of credit — $15,000,000 (expandable to $50,000,000) at 94% of lowest 5-day VWAP / 97% of prior-day low / 85% off-exchange; 20,000,000 shares registered on S-1 filed 2026-07-24, effectiveness pending
- ▸JAG Multi Investments convertible note — $287,333 principal at $1.60 with FULL RATCHET reset to any lower future financing price; ~179,583 shares
- ▸JAG May 2026 warrant — 150,000 shares at $1.60, exercise price resets to any lower future financing price
- ▸314,000 registered shares held in abeyance under a 9.99% beneficial ownership blocker, issuable on holder instruction
- ▸1,893,492 Armistice inducement warrants at $7.95, stockholder-approved 2026-07-23, subject to adjustment events and voluntary company repricing (a repricing/inducement has occurred three times in 18 months)
- ▸Series D Preferred (400 shares) convertible at $6.00 with weighted-average anti-dilution
- ▸Stockholder-approved Nasdaq 5635(d) authority (Proposal 6, 2026-07-23) for future below-market issuances of 20%+ of outstanding
- ▸2019 Stock Incentive Plan increased to 1,000,000 shares (~20% of fully diluted) with 6% annual evergreen through 2029
Market Data
$1.06
$2.66M
2.51M
2.20M
12.71M