No insider/13D/13G filings were provided, so a bottom-up reconstruction is not possible.
Data-service feed, fetched today. The number TradingView and most screeners show.
Your screener's float is right for TOPS. Trade off 4.10M shares. What it does not show you is what is about to be added to it.
The float your screener shows is right, at 4.10M. 10 reverse splits can add another 1,221% of the float.
Oversized registered share capacity vs float. Form F-1 Registration No. 333-295328 registers up to 50,000,000 common shares and went effective 2026-05-07.
Serial financing cadence / live offering in progress. Three Rule 424(b)(3) prospectus supplements were filed in under 30 days (2026-07-23, 2026-07-27, 2026-08-17), each attaching recently furnished 6-Ks.
Reverse split history / prior dilution cycles. Ten reverse splits executed between 2016-02-22 and 2023-09-29 (1:10, 1:20, 1:15, 1:30, 1:2, 1:10, 1:20, 1:25, 1:20, 1:12) — a cumulative adjustment factor of approximately 216 billion to one.
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.
See the full breakdown
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Market data as of Sep 22, 2026