Post-split shares outstanding (23,697,683 / 7 = 3,385,383) less implied affiliate holdings carried forward from the January 2026 public-float disclosure (6,826,666 / 7 = 975,238).
Data-service feed, fetched today. The number TradingView and most screeners show.
Your screener's float is right for KAPA. Trade off 2.46M shares. What it does not show you is what is about to be added to it.
The float your screener shows is right, at 2.46M. An active $3.2M ATM, 1 floorless convertible note and 2 reverse splits can add another 29% of the float.
Variable-rate equity line with capacity many multiples of float. The Helena Global ELOC retains approximately $26.8M of its $30M capacity against a post-split float worth roughly $4.1M — a 6.5x ratio.
Rapid share count growth via active ATM issuance. Shares outstanding grew 10.7% in a single quarter — from 21,411,198 on 2026-05-11 to 23,697,683 on 2026-08-12 (XBRL-deterministic).
Reverse split executed today — dilution-cycle reset. A 1-for-7 reverse split took effect at the start of trading on 2026-09-01, the second reverse split in three years (following 1-for-2.5 on 2023-05-10).
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 $3.2M of registered capacity remaining. Public float is under $75M, so the baby-shelf rule caps primary sales near $652K 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 Oct 8, 2026
Key dates
- Nov 14, 2026 · Q3 2026 10-Q due — will disclose ATM/ELOC issuance for the quarter and the first post-split share count.
- Jan 1, 2027 · 2023 Equity Incentive Plan evergreen provision automatically adds 5% of shares outstanding at 2026-12-31 to the reserve; repeats every January 1 through 2033.
- Dec 1, 2027 · Helena ELOC termination date (36-month anniversary), or earlier upon full $30,000,000 purchase.
- Jan 23, 2029 · Form S-3 shelf (333-292686) three-year expiry.