Estimated current outstanding count, minus officer, director and affiliate holdings after the split, minus Blue Cap's 5% position, minus locked-up acquisition and JV shares.
Data-service feed, fetched today. The number TradingView and most screeners show.
Your screener is showing a float that no longer exists. Trade off 1.88M shares.
The float your screener shows is understated 23%: 1.54M reported, 1.88M actual. 2 convertible notes and 2 reverse splits can add another 1,720% of the float.
Variable-rate convertible / death spiral. The $21.1M secured May 2026 notes convert at the holder's option at the lesser of $6.00 or the prior day's close, with no discount and a $1.00 floor.
Pending resale registration. The resale S-1 covers 34,462,058 shares, 18x the 1.88M tradeable float.
Rule 144 tacking on rolled notes. About $12.03M of May Note principal came from exchanged January 2026 notes.
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 (35.83M) is below the itemised overhang; ceiling computed from the rows.
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Market data as of Oct 1, 2026
Key dates
- Oct 12, 2026 · Nasdaq $2.5M stockholders' equity compliance deadline (pressure for equity issuance or note conversion)
- Apr 13, 2027 · Kare JV share lock-up expires
- May 27, 2027 · May Notes mature
- Sep 11, 2027 · Axe Compute lock-up expires (636,328 shares + note conversion shares)