Baseline is the Insight Sentry reported float (8,529,585), sanity-checked against outstanding — the feed's 54,299,998 share count equals the Dec 31, 2025 count (44,096,040 Class A + 10,203,960 Class B), confirming the feed predates the April 13, 2026 follow-on.
Data-service feed, fetched today. The number TradingView and most screeners show.
Your screener is showing a float that no longer exists. Trade off 10.26M shares.
The float your screener shows is understated 16%: 8.86M reported, 10.26M actual. 1 convertible note can add another 26% of the float.
Recently issued registered shares not reflected in data-service float. 1,733,333 Class A Ordinary Shares were issued and sold on April 13, 2026 in a registered best-efforts offering at $7.50 per Unit under File 333-294587.
Serial financing cadence. Four registration events in roughly twelve months, three of them inside a 60-day window: 2025 IPO ($11.5M at $5.00), March 25, 2026 F-1 for up to $18.0M at an assumed $8.12/Unit, April 10–13, 2026 pr…
Warrant overhang. 2,686,666 Class A shares underlie outstanding warrants — 2,599,999 at $8.25 (April 2026 investors, expiring ~October 2029) and 86,667 at $9.00 (FT Global Capital placement agent, same expiry).
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 left too much unexplained; ceiling computed from the itemised overhang.
See the full breakdown
Red flags, financing counterparties, the deal timeline, and every SEC filing — free with an account.
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Market data as of Oct 15, 2026
Key dates
- Oct 10, 2026 · FINRA Rule 5110(e)(1) 180-day lock-up expires on 86,667 Placement Agent Warrant shares ($9.00 strike, resale registered on the May 2026 F-1)
- Oct 13, 2029 · Expiration of the 2,599,999 Warrant shares at $8.25 and 86,667 Placement Agent Warrant shares at $9.00 — 26% of float unlocks if the stock ever reclaims $8+