MNDRMobile-health Network Solutions · Nasdaq Capital Market · $0.85 · $1.02M mkt cap
Assessed Sep 21, 2026 · Float drift
Is the float you're seeing correct?
470.5K
Estimated float

Reported free-trading float from Insight Sentry (428,788, already scaled consistently with the split-adjusted outstanding — 428,788 × 6 = 2,572,727 vs outstanding 1,194,537 × 6 = 7,167,220, both pre-1-for-6 basis, so the feed is internally consistent and has been split-adjusted).

Confirmed · within 9%
428.8K
Reported float

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

Your screener's float is right for MNDR. Trade off 470.5K shares. What it does not show you is what is about to be added to it.

Dilution risk9/10EXTREME
CONFIDENCE: LOW

The float your screener shows is right, at 470.5K. An active $183K ATM, 1 floorless convertible note and 3 reverse splits can add another 1,417% of the float.

  • Variable-rate ELOC / floating-price equity line. Active Standby Equity Purchase Agreement with YA II PN, Ltd.

  • Exchange cap waived — no shareholder-approval ceiling on issuance. The 19.99% Exchange Cap that would ordinarily limit ELOC issuance under Nasdaq Rule 5635(d) DOES NOT APPLY to this issuer.

  • Recently registered shares now free-trading. Registration statement 333-294125 became effective 2026-05-06 covering 7,969,079 Class A Ordinary Shares (1,328,180 after the 1-for-6 reverse split) for resale by YA II PN, Ltd., which the prospectus…

From today's float to the ceiling

shares
470.5K
Estimated float
tradeable today
+0 can sell now
470.5K
Effective supply
float plus what sells on notice
+833.5K if floors are cut and warrants exercise
1.30M
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
470.5K
Can sell now
Warrants in the money
None of the outstanding warrants are exercisable at this price.
+0
Effective supply
470.5K
Converts only if floors are cut
Convertible notes
At the stated conversion prices; a cut to those prices raises the count.
+833.5K
Notes with no conversion price set
Sized in dollars until a price or floor is set; not counted in the ceiling. Includes unfunded commitments, which are capacity rather than outstanding debt.
$7.24M
Fully diluted
1.30M

ATM program active with $183K of registered capacity remaining. Public float is under $75M, so the baby-shelf rule caps primary sales near $121K 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 left too much unexplained; ceiling computed from the itemised overhang.

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The facts

Price
$0.85
Market cap
$1.02M
Shares outstanding
1.19M
Reported float
428.8K
Avg volume
394.2K
Reverse splits
3 · latest 1-for-6 · Jun 29, 2026
Going concern
No
Quarterly burn
—

Market data as of Oct 12, 2026

Key dates

  • Nov 19, 2026 onward · potential closing of the PPG PP GRID data centre MOU and issuance of 500,000 post-split Class A shares (106% of float)
  • Feb 14, 2028 · SEPA commitment period expiration — the outer boundary of this dilution mechanism