Issuer-disclosed non-affiliate share count from the 424B5 filed 2026-09-22.
Data-service feed, fetched today. The number TradingView and most screeners show.
Your screener is showing a float that no longer exists. Trade off 38.10M shares.
The float your screener shows is understated 22%: 31.23M reported, 38.10M actual. An active $6.1M ATM and 1 floorless convertible note can add another 290% of the float.
Variable-rate convertible in default. Lind's senior secured note has been in default since 8/11/26.
Oversized ATM vs market cap. $6.08M of ATM capacity remains against a market cap of about $4.3M.
Rapid share count growth. Shares outstanding went from 10.58M (5/13/26) to 14.05M (8/12) to 26.32M (~9/16) to 40.58M (9/22).
From today's float to the ceiling
sharesWhere the shares come from
each subtotal is a rung on the ladder above
ATM program active with $6.1M of registered capacity remaining. Public float is under $75M, so the baby-shelf rule caps primary sales near $271K 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.
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Market data as of Oct 15, 2026
Key dates
- Oct 21, 2026 · Nasdaq MVLS compliance deadline. Delisting would trigger Lind default/delisting conversion terms; a reverse split is likely
- Jun 23, 2031 · Lind warrant expiry