XLABExascale Labs Holdings Inc. · Nasdaq · $89.11M mkt cap
Assessed Oct 19, 2026 · Morning Brief request
Is the float you're seeing correct?
19.40M
Estimated float

Total common minus all Class B (insider-controlled, unlisted) minus the 13.2M BCAR sponsor/insider shares (restricted, resale registration still pending).

Confirmed · within 1%
19.40M
Reported float

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

Your screener's float is right for XLAB. Trade off 19.40M shares. What it does not show you is what is about to be added to it.

Dilution risk4/10MODERATE
CONFIDENCE: LOW

The float your screener shows is right, at 19.40M. 3 convertible notes can add another 141% of the float.

  • Pending resale registration / lock-up expiry. The company must register for resale the 13.2M BCAR sponsor and insider shares.

  • Low-cost holders dominate float after redemptions. 26,865,211 of the 28M public shares (96%) were redeemed.

  • Undisclosed lock-ups / float uncertainty. Data services count all 19.35M legacy Class A shares as float.

From today's float to the ceiling

shares
19.40M
Estimated float
tradeable today
+0 can sell now
19.40M
Effective supply
float plus what sells on notice
+59.05M if floors are cut and warrants exercise
78.45M
Fully diluted
ceiling

Where the shares come from

each subtotal is a rung on the ladder above

Tradeable today
19.40M
Can sell now
Warrants in the money
None of the outstanding warrants are exercisable at this price.
+0
Effective supply
19.40M
Converts only if floors are cut
Convertible notes
At the stated conversion prices; a cut to those prices raises the count.
+30.90M
Notes with no conversion price set
Sized in dollars until a price or floor is set; not counted in the ceiling.
$9.08M
Above the current price
Warrants out of the money
Struck above the current tape; supply only if the stock rises.
+14.10M
Other, per engine ceiling
Included in the engine's fully-diluted count but not itemised in the filings we parsed.
+14.06M
Fully diluted
78.45M

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

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The facts

Price
—
Market cap
$89.11M
Shares outstanding
33.69M
Reported float
19.40M
Avg volume
18.85M
Reverse splits
None on record
Going concern
Yes · 0 quarters runway
Quarterly burn
—

Market data as of Oct 19, 2026

Key dates

  • Jan 1, 2027 · Evergreen increase to the 2026 Omnibus Plan reserve (~1.68M shares)
  • Aug 27, 2027 · Typical 12-month sponsor lock-up end (estimate)
  • Oct 6, 2027 · Latest vesting date for the 15,000 director RSUs
XLAB Float & Dilution Analysis | ShareStructure.io