SXTCChina SXT Pharmaceuticals, Inc. · NASDAQ · $2.53M mkt cap
Assessed Oct 27, 2026 · Float drift
Is the float you're seeing correct?
686.8K
Estimated float

Class A outstanding at the current post-1-for-100 scale.

NO REPORTED FLOAT
—
Reported float

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

Trade off 686.8K shares; data services have no usable float for this ticker.

Dilution risk9/10EXTREME
CONFIDENCE: MEDIUM

We put the float at 686.8K; data services have no usable number. 1 floorless convertible note and 7 reverse splits can add another 139% of the float.

  • Zero-price exercise warrants (cashless multiplier). The October 2026 Ordinary Warrants deliver up to 9 shares per warrant for no cash when the 10-day VWAP is below the strike.

  • Rapid share count growth / serial reverse splits. Three reverse splits in 9 months (1:150, 1:80, 1:100, a combined 1,200,000x) and seven since 2021.

  • Unconfirmed over-allotment option. A 30-day option for another $12M of units: 80K shares or pre-funded warrants plus 720K zero-price warrant shares after the split.

From today's float to the ceiling

shares
686.8K
Estimated float
tradeable today
+136.8K can sell now
823.6K
Effective supply
float plus what sells on notice
+819.7K if floors are cut and warrants exercise
1.64M
Fully diluted
ceiling

Where the shares come from

each subtotal is a rung on the ladder above

Tradeable today
686.8K
Can sell now
Registered resale shares, issuable on notice
Already effective; the holder can sell without a further filing.
+136.8K
Warrants in the money
None of the outstanding warrants are exercisable at this price.
+0
Effective supply
823.6K
Above the current price
Warrants out of the money
Struck above the current tape; supply only if the stock rises.
+856.8K
Fully diluted
1.64M

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

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The facts

Price
—
Market cap
$2.53M
Shares outstanding
686.8K
Reported float
—
Avg volume
837.3K
Reverse splits
7 · latest 1-for-100 · Oct 26, 2026
Going concern
No
Quarterly burn
—

Market data as of Oct 29, 2026

Key dates

  • Nov 8, 2026 · approximate expiry of the 30-day over-allotment option (80K units / 720K warrant shares after the split)
  • Jul 24, 2027 · July 2026 warrants expire
  • Oct 9, 2027 · October 2026 warrants expire