The company can sell stock into the market any day at prevailing prices — steady supply.
Radar 61 (elevated attention) · dilution pressure high · listing risk low · governance risk low · runway 12.7 mo · strongest signal: Share count +25% (Mar 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.
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 15, 2026 | ▼ ATM program | “atm” language in S-3 (S-3) filed 2026-09-15 filing | 36 |
| Sep 15, 2026 | ▼ Shelf filed | S-3 filed 2026-09-15 filing | 31 |
| Sep 15, 2026 | · 13D amendment | Schedule 13D/A filed 2026-09-15 filing | 24 |
| Sep 11, 2026 | ▼ New debt obligation | 8-K Item 2.03 filed 2026-09-11 (accepted 17:25 ET) filing | 34 |
| Sep 11, 2026 | ▼ PIPE | “pipe” language in 8-K (8-K) filed 2026-09-11 filing | 33 |
| Sep 3, 2026 | ▼ Shelf filed | S-1 filed 2026-09-03 filing | 31 |
| Sep 3, 2026 | ▼ Shelf filed | S-1 filed 2026-09-03 filing | 31 |
| Aug 31, 2026 | ▼ Material agreement terminated | 8-K Item 1.02 filed 2026-08-31 (accepted 17:25 ET) filing | 35 |
| Mar 31, 2026 | ▼ Share count +25% | Shares outstanding 37,823,538 (2026-04-07) -> 60,270,525 (2026-05-20), +59% filing | 36 |
| Mar 31, 2026 | ▼ Cash < current liabilities | Liquidity $6,551,000 vs current liabilities $91,625,000 filing | 22 |