The dilution already happened: share count is up 25%+ versus the prior period.
Radar 59 (elevated attention) · dilution pressure high · listing risk low · governance risk low · runway 8.1 mo · strongest signal: Share count +25% (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.
No note yet. Notes are written each morning for the top-ranked setups; Pro subscribers get them in full the same day.
Runway = liquidity ÷ monthly operating burn at the latest reported period · balance sheet 84 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 |
|---|---|---|---|
| Sep 14, 2026 | ▼ Unregistered sale | 8-K Item 3.02 filed 2026-09-14 (accepted 16:35 ET) filing | 32 |
| Sep 10, 2026 | ▼ Unregistered sale | 8-K Item 3.02 filed 2026-09-10 (accepted 16:35 ET) filing | 32 |
| Sep 4, 2026 | ▼ Unregistered sale | 8-K Item 3.02 filed 2026-09-04 (accepted 16:05 ET) filing | 35 |
| Sep 4, 2026 | ▼ Material agreement terminated | 8-K Item 1.02 filed 2026-09-04 (accepted 16:05 ET) filing | 34 |
| Jun 30, 2026 | ▼ Share count +25% | Shares outstanding 14,563,515 (2026-05-13) -> 30,442,139 (2026-08-07), +109% filing | 40 |
| Jun 30, 2026 | ▼ Near $5M MVLS floor | Public float $6,411,460 (as of 2025-06-30) vs $5M Nasdaq MVLS floor; needs price x shares confirmation filing | 24 |
| Jun 30, 2026 | ▼ Runway 6–12 months | ~8.1 months runway: liquidity $9,964,000 (cash $9,900,000 + investments $64,000) as of 2026-06-30, burn $14,821,028/yr (annualized 180-day YTD operating cash flow [companyfacts]) filing | 23 |