PicoCELA is a Japanese joint-stock company; its common shares are held in Japan and are NOT tradeable on Nasdaq.
Data-service feed, fetched today. The number TradingView and most screeners show.
Your screener overstates the float. Trade off 493.0K shares.
The float your screener shows is overstated 19.2×: 9.48M reported, 493.0K actual. 2 reverse splits can add another 4,064% of the float.
Preferred stock conversion overhang. 20,000,000 Class A Preferred Shares are convertible at the holder's election into 20,000,000 common shares — 4,057% of the 493,026-share tradeable float and 208% of the 9,613,805 shares outstanding.
Price-contingent variable conversion ratchet. The Class A Preferred contain a downside-triggered ratchet: if the common share or ADS-equivalent price is $0.50 or less for 20 consecutive trading days, EACH Preferred Share becomes convertible into…
Ultra-thin tradeable float. Only 493,026 ADSs — 5.13% of shares outstanding — are freely tradeable on Nasdaq, a float market capitalization of roughly $3.2 million against a $61.5 million total market cap.
From today's float to the ceiling
sharesWhere 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.
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Market data as of Oct 29, 2026
Key dates
- Jan 16, 2027 · Rule 144 six-month holding period matures on About Investment's 20,000,000 Class A Preferred; affiliate resale becomes possible subject to volume caps of ~96,1…
- Jan 16, 2028 · Univest Securities' 18-month right of first refusal on future offerings and control transactions expires