Reverse splits are how companies cure bid-price deficiencies; under 2026 rules they get one per 12 months.
Radar 47 (elevated attention) · dilution pressure low · listing risk elevated · governance risk low · runway 8.5 mo · strongest signal: Reverse split (Jul 31, 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 |
|---|---|---|---|
| Jul 31, 2026 | ▼ Reverse split | “reverse split” language in 8-K (8-K) filed 2026-07-31 filing | 37 |
| Jul 31, 2026 | ▼ Holder rights modified | 8-K Item 3.03 filed 2026-07-31 (accepted 08:00 ET) filing | 26 |
| Jun 30, 2026 | ▼ Near $5M MVLS floor | Public float $5,670,000 (as of 2025-09-30) vs $5M Nasdaq MVLS floor; needs price x shares confirmation filing | 25 |
| Jun 30, 2026 | ▼ Runway 6–12 months | ~8.5 months runway: liquidity $4,933,579 as of 2026-06-30, burn $6,998,392/yr (latest fiscal-year operating cash flow (quarter too short to annualize) [companyfacts]) filing | 25 |