PPBTPURPLE BIOTECH LTD. · NASDAQ · $10.43M mkt cap
Assessed Oct 18, 2026 · Float drift
Is the float you're seeing correct?
1.62M
Reported float

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

Refreshing · re-grade queued

Trade off 1.62M shares. Our reconstruction for PPBT is being refreshed.

Dilution risk6/10ELEVATED
CONFIDENCE: MEDIUM

Our float reconstruction is being refreshed; the reported float is 1.62M. An active $824K ATM and 4 reverse splits can add another 154% of the float.

  • Warrant overhang (near the money, registered). About 1.17M ADS of Sept 2025 investor warrants at $10.00 equal 126% of outstanding and 129% of the float.

  • Rapid share count growth. Ordinary shares rose 259.5% in 2025 (517.1M to 1,858.9M) and grew more than 10x since 2022.

  • Reverse split history. Four consolidations or ADS ratio changes since 2019 (1:20, 1:10, 1:20, 1:10), the latest on 2026-03-02 to regain Nasdaq bid-price compliance.

From today's float to the ceiling

shares
909.9K
Estimated float
tradeable today
+0 can sell now
909.9K
Effective supply
float plus what sells on notice
+1.34M if floors are cut and warrants exercise
2.25M
Fully diluted
ceiling

Where the shares come from

each subtotal is a rung on the ladder above

Tradeable today
909.9K
Can sell now
Warrants in the money
None of the outstanding warrants are exercisable at this price.
+0
Effective supply
909.9K
Above the current price
Warrants out of the money
Struck above the current tape; supply only if the stock rises.
+1.25M
Options and RSUs
Employee equity; vests and settles over time.
+39.8K
Other, per engine ceiling
Included in the engine's fully-diluted count but not itemised in the filings we parsed.
+51.8K
Fully diluted
2.25M

ATM program active with $824K of registered capacity remaining. Sales are paced by the agent against daily volume; the headline figure is not the near-term supply.

Not counted anywhere: ATM and shelf capacity. Convertible share counts use stated conversion prices.

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The facts

Price
—
Market cap
$10.43M
Shares outstanding
9.15M
Reported float
1.62M
Avg volume
24.9K
Reverse splits
4 · latest 1:10 (ADS ratio change 200→2,000) · Mar 2, 2026
Going concern
No
Quarterly burn
—

Market data as of Oct 18, 2026

Key dates

  • Nov 18, 2026 · about 180 days after 2026-05-22, the last date the ATM is usable under the old registration (333-268710) if the replacement F-3 is not yet effective
  • Sep 5, 2027 · Sept 2025 $10 investor warrants expire (exercise or inducement pressure before then)
  • Sep 7, 2027 · H.C. Wainwright $12.50 PA warrants expire