SAIQWISeSat.Space Holdings Corp. · NASDAQ · $192.76M mkt cap
Assessed Oct 23, 2026 · Morning Brief request
Is the float you're seeing correct?
2.21M
Estimated float

Market-data outstanding minus pro forma insider and affiliate holdings from the 424B3.

Confirmed · within 1%
2.21M
Reported float

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

Your screener's float is right for SAIQ. Trade off 2.21M shares. What it does not show you is what is about to be added to it.

Dilution risk4/10MODERATE
CONFIDENCE: LOW

The float your screener shows is right, at 2.21M. 3 convertible notes can add another 48% of the float.

  • Variable-rate PIPE reset. The SEALSQ PIPE resets to $10M divided by the 10-day VWAP ending on day 60 after Closing, with a $5.00 floor.

  • Pending resale registration / lock-up expiration. An F-1 must be filed within 5 business days of the reset determination to register up to 2.0M SEALSQ shares (938,086 + up to 1,061,914).

  • Sponsor lock-up expiration. The Sponsor holds 1,731,760 low-cost founder and private shares.

From today's float to the ceiling

shares
2.21M
Estimated float
tradeable today
+0 can sell now
2.21M
Effective supply
float plus what sells on notice
+15.26M if floors are cut and warrants exercise
17.48M
Fully diluted
ceiling

Ceiling computed from the itemised overhang.

Where the shares come from

each subtotal is a rung on the ladder above

Tradeable today
2.21M
Can sell now
Warrants in the money
None of the outstanding warrants are exercisable at this price.
+0
Effective supply
2.21M
Converts only if floors are cut
Convertible notes
At the stated conversion prices; a cut to those prices raises the count.
+2.25M
Preferred stock, as converted
Common equivalent at the stated conversion ratio.
+13.00M
Above the current price
Options and RSUs
Employee equity; vests and settles over time.
+12.0K
Fully diluted
17.48M

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

Engine fully-diluted count left too much unexplained; ceiling computed from the itemised overhang.

See the full breakdown

Red flags, financing counterparties, the deal timeline, and every SEC filing — free with an account.

Sign in to continue

The facts

Price
—
Market cap
$192.76M
Shares outstanding
29.82M
Reported float
2.21M
Avg volume
10.84M
Reverse splits
None on record
Going concern
No
Quarterly burn
—

Market data as of Oct 23, 2026