Post-1:9-split shares outstanding less implied affiliate holdings (~1% per the 424B5 baby-shelf float computation) and less issued ordinary shares held by L.I.A.
Data-service feed, fetched today. The number TradingView and most screeners show.
Your screener's float is right for SPRC. Trade off 562.6K shares. What it does not show you is what is about to be added to it.
The float your screener shows is right, at 562.6K. An active $109K ATM, 3 convertible notes and 3 reverse splits can add another 477% of the float.
Variable-rate convertible / death spiral. The 2026-02-12 L.I.A. Pure Capital note converts at the LOWER of a fixed price or 88% of the LOWEST daily VWAP over the preceding 20 trading days, floored at $1.107 post-split.
Registered resale overhang vs. float. The 2026-02-17 F-3 registers 23,037,624 pre-split shares (2,559,736 post-split) for resale — approximately 4.5x the then-outstanding share count and 4.5x the current tradeable float — entirely for tw…
Undrawn variable-rate facility with volume-triggered acceleration. $8.0M of additional note principal remains drawable under the same SPA at up to $2.5M per quarter beginning 2026-04-01, with draws permitted to ACCELERATE when daily trading volume reaches at least 1…
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 $109K 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 (3.13M) is below the itemised overhang; ceiling computed from the rows.
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Market data as of Oct 26, 2026
Key dates
- Dec 26, 2026 · Expiry of the shareholder authorization for a further 1:2 to 1:250 reverse split — expect board action before this date if the price erodes
- Aug 12, 2027 · First of ten monthly note repayment installments; the company may elect share settlement, and warrant exercise is the lender's sole recourse for non-payment