Less than six months of cash at the latest burn — the company must raise, cut, or both, soon.
Radar 62 (elevated attention) · dilution pressure high · listing risk low · governance risk low · runway 0.1 mo · strongest signal: Convertible note (Sep 14, 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 175 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 | ▼ Convertible note | “convertible note” language in 8-K (EX-10.2) filed 2026-09-14 filing | 45 |
| Sep 14, 2026 | ▼ PIPE | “pipe” language in 8-K (EX-10.1) filed 2026-09-14 filing | 38 |
| Sep 14, 2026 | ▼ Unregistered sale | 8-K Item 3.02 filed 2026-09-14 (accepted 17:25 ET) filing | 32 |
| Sep 14, 2026 | ▼ Delisting language | “delisting notice” language in 8-K (EX-10.2) filed 2026-09-14 filing | 32 |
| Sep 14, 2026 | ▼ New debt obligation | 8-K Item 2.03 filed 2026-09-14 (accepted 17:25 ET) filing | 27 |
| Mar 31, 2026 | ▼ Runway < 6 months | ~0.1 months runway: liquidity $41,833 (cash $39,078 + investments $2,755) as of 2026-03-31, burn $7,922,347/yr (latest fiscal-year operating cash flow (quarter too short to annualize) [companyfacts]) filing | 39 |
| Mar 31, 2026 | ▼ Cash < current liabilities | Liquidity $41,833 vs current liabilities $6,733,466 filing | 22 |