Post-1:50-reverse-split shares outstanding (10-Q cover 2026-08-10) less all director/officer beneficial holdings per the 2026-08-03 DEF 14A (which already embeds the 2,026,779 restricted shares subject to forfeiture, so restricted is not subtracted again to avoid double counting), less the issued common actually held by the Patel Family group (37,071 held by Patel Family LLP + 233,533 held directly by Dr.
Data-service feed, fetched today. The number TradingView and most screeners show.
Your screener overstates the float. Trade off 2.23M shares.
The float your screener shows is overstated 2.9×: 6.51M reported, 2.23M actual. An active $43.6M ATM and 2 floorless convertible notes can add another 69% of the float. This company has cut its own floor prices before.
Oversized ATM capacity relative to market cap and float. The A.G.P. at-the-market program retains ~$43.6M of unused capacity against a $44.9M market capitalization — roughly 97% of the company's entire equity value available for sale directly into the open…
Near-zero-strike pre-funded warrants with effective resale registration. The Patel Family, LLP holds pre-funded warrants for 375,000 shares at a $0.0001 exercise price — an aggregate exercise cost of $37.50 for the entire position.
Proposed 100,000,000-share equity plan increase — 15.6x shares outstanding. The DEF 14A filed 2026-08-03 asks shareholders to increase the 2024 Omnibus Incentive Plan reserve by 100,000,000 shares to 103,179,028 — approximately 15.6 times the 6,416,540 shares then outstandin…
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 $43.6M 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 left too much unexplained; ceiling computed from the itemised overhang.
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Market data as of Oct 25, 2026
Key dates
- Jan 1, 2027 · 2024 Omnibus Incentive Plan evergreen adds the lesser of 5% of prior-year-end shares outstanding or a Board-determined lesser number (prior increases: 177,991…