From what's tradeable today to what's realistically coming. Bigger = more selling pressure ahead.
Three simultaneous, active float-expansion engines dwarf the 3.66M float: (1) a Keystone variable-rate ELOC (10% discount) actively drawn (~$11.3M of $25M used) with a fresh 100,000,000-share resale registration pending — ~27x the float; (2) Series D preferred (8,156 shares) actively converting on a floating 90%-VWAP mechanism (~1.53M shares at the $5.322 floor); and (3) 3.22M Series D/E warrants with full-reset anti-dilution whose strikes are scheduled to reset toward market on ~2026-06-12, flipping them from OTM to near/in-the-money. Add four reverse splits in ~20 months and serial PIPEs — this is an active, large-scale dilution machine relative to float.
Share Structure
Float to Fully Diluted Breakdown
Reported float from Insight Sentry. Adjusted based on SEC filing analysis.
Reported float + filing adjustments
HIGH 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-40·Sep 24, 2024~2 yr ago
- 1-for-85·Jun 13, 2025~1 yr ago
- 1-for-5·Mar 25, 2026~4 mo ago
- 1-for-10·May 21, 2026~2 mo ago
- ▸Keystone variable-rate ELOC (10% discount to VWAP) — actively drawn, ~$13.7M capacity remaining, 100M shares registered for resale (pending)
- ▸Series D preferred floating-rate conversion (90% of lowest 5-day VWAP, floor $5.322) — actively converting
- ▸Series D/E warrants (3.22M shares) with full-reset anti-dilution — strikes reset ~2026-06-12
- ▸Stockholder-approved discretionary reverse-split authority (1:2 to 1:10, aggregate up to 1:100) — signals further dilution cycle
- ▸Pending Realbotix share exchange requires a NEW $125M ELOC as a closing condition
Market Data
$0.81
$3.00M
3.69M
3.68M
289.8K