Reverse splits are how companies cure bid-price deficiencies; under 2026 rules they get one per 12 months.
Radar 54 (elevated attention) · dilution pressure elevated · listing risk low · governance risk low · runway 0.5 mo · strongest signal: Runway < 6 months (Jun 30, 2026)
Direction is stated for existing shareholders (▼ more shares / survival or listing risk; ▲ insiders or holders buying). It is a characterization of the filings, not a forecast or a recommendation.
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Runway = liquidity ÷ monthly operating burn at the latest reported period · balance sheet 47 days old. A financing after the balance-sheet date is the main reason a figure can be stale — check the timeline below for offerings since then.
Last 30 days of filing signals plus current balance-sheet flags, newest first. ▼ pressure · ▲ support · hover a score for its components; every row links to the filing.
| Date | Signal | Evidence | Score |
|---|---|---|---|
| Aug 12, 2026 | ▼ Going-concern language | “going concern periodic” language in 10-Q (10-Q) filed 2026-08-12 filing | 29 |
| Jul 28, 2026 | ▼ Reverse split | “reverse split” language in PRE 14A (PRE 14A) filed 2026-07-28 filing | 27 |
| Jun 30, 2026 | ▼ Runway < 6 months | ~0.5 months runway: liquidity $94,364 (cash $31,944 + investments $62,420) as of 2026-06-30, burn $2,308,941/yr (annualized 180-day YTD operating cash flow [companyfacts]) filing | 50 |
| Jun 30, 2026 | ▼ Cash < current liabilities | Liquidity $94,364 vs current liabilities $5,694,505 filing | 21 |