Post-offering, post-split outstanding (582,297 as of 2026-07-22 + 750,000 underwritten shares + 54,380 over-allotment) less the 7,738 affiliate-held common shares implied by the 574,559 non-affiliate figure on the 2026-07-27 424B5 cover.
Data-service feed, fetched today. The number TradingView and most screeners show.
Your screener's float is right for RBNE. Trade off 1.30M shares. What it does not show you is what is about to be added to it.
The float your screener shows is right, at 1.30M. An active $57.9M ATM, 1 convertible note and 2 reverse splits can add another 3,265% of the float.
Variable-rate floorless preferred conversion overhang. The $50,000,000 stated-amount Series A Convertible Preferred held by former parent Toro Corp.
Oversized ATM capacity relative to market cap, actively drawn. The $75,000,000 ATM program has approximately $57,900,000 of remaining capacity against a $3,328,025 market capitalization — 17.4x the entire company's market value and equal to roughly 24,125,000 sh…
Rapid share count growth / serial financing cadence. Split-adjusted shares outstanding grew from approximately 31,823 at the 2025-04-14 spin-off and ~168,383 at 2025-09-30 to 1,386,677 today — a ~723% increase over twelve months and a ~4,258% increase…
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 $57.9M 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.
Engine fully-diluted count (22.22M) is below the itemised overhang; ceiling computed from the rows.
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Market data as of Oct 21, 2026
Key dates
- Nov 13, 2026 · One-year anniversary of the ATM Distribution Agreement — typical point for renewal/upsizing or a fresh prospectus supplement against the ~$175M unallocated she…
- Apr 14, 2027 · Series A Preferred becomes convertible at the holder's option at the lower of the fixed ceiling or the trailing 5-day VWAP — ~20.8 million shares at $2.40, in…