Cover-page shares outstanding (8/18/26, post all three reverse splits) minus the DEF 14A insider group total, which already reflects the 8/21 NorthView distribution.
Data-service feed, fetched today. The number TradingView and most screeners show.
Your screener's float is right for PFSA. Trade off 518.8K shares. What it does not show you is what is about to be added to it.
The float your screener shows is right, at 518.8K. An active $86.9M ATM, 1 floorless convertible note and 3 reverse splits can add another 3,662% of the float.
Preferred stock conversion overhang. 61,212 Series A Non-Voting Preferred convert into 15,053,062 common, about 29x the float and 25x shares outstanding.
Variable-rate convertible notes (death spiral). About $6.1M of Ascent PIPE notes convert at the lower of the fixed price or 95% of the lowest 10-day VWAP.
ELOC draws and remaining capacity. $86.9M remains on the Ascent ELOC, 80x the $1.08M market cap, priced at 97% of the lowest 10-day VWAP.
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
ATM program active with $86.9M of registered capacity remaining. Public float is under $75M, so the baby-shelf rule caps primary sales near $355K 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 (19.60M) is below the itemised overhang; ceiling computed from the rows.
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Market data as of Sep 24, 2026
Key dates
- Sep 18, 2026 · Stockholder meeting on a fourth reverse split (1:2 to 1:12) to defend the Nasdaq $1.00 bid
- Sep 30, 2026 · Bio Insights $30M preferred deal becomes terminable if not closed
- Dec 31, 2026 · NorthView note ($577K) matures; convert-or-repay decision
- Jan 1, 2027 · Share-settled monthly amortization begins on the 9/1 and 9/16 Ascent notes