Total shares outstanding minus all 9.2M Class B super-voting shares, which insiders hold entirely.
Data-service feed, fetched today. The number TradingView and most screeners show.
Trade off 4.01M shares; data services have no usable float for this ticker.
We put the float at 4.01M; data services have no usable number. 1 convertible note can add another 226% of the float.
Pending registered offering oversized vs float. The F-1 registers 9.0M Class A shares: 3.0M in Units plus 6.0M from warrants.
Warrant overhang (near-the-money, cashless). The 6.0M proposed Unit warrants have a $1.20 strike and allow cashless exercise if no effective registration.
Serial financing / steep down-round. The company IPO'd at $4.00 in February 2025 and filed for a $1.00 Unit deal with 2x warrant coverage about 9 months later, a 75% markdown.
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
Not counted anywhere: ATM and shelf capacity. Convertible share counts use stated conversion prices.
Engine fully-diluted count (13.28M) is below the itemised overhang; ceiling computed from the rows.
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Market data as of Oct 22, 2026
Key dates
- Feb 25, 2030 · expiry of Kingswood underwriter warrants (70,517 at $4.80)