Less than six months of cash at the latest burn — the company must raise, cut, or both, soon.
Radar 51 (elevated attention) · dilution pressure elevated · listing risk low · governance risk low · runway 0.8 mo · strongest signal: Runway < 6 months (May 2, 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 106 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 6, 2026 | · Officer/director change | 8-K Item 5.02 filed 2026-08-06 (accepted 06:53 ET) filing | 22 |
| Aug 4, 2026 | · Form 4 burst | 9 Form 4 filings in 30 days filing | 16 |
| Aug 3, 2026 | · 13D amendment | Schedule 13D/A filed 2026-08-03 filing | 24 |
| May 2, 2026 | ▼ Runway < 6 months | ~0.8 months runway: liquidity $27,122,000 as of 2026-05-02, burn $416,797,556/yr (annualized 90-day operating cash flow (low confidence, seasonal) [companyfacts]) filing | 44 |
| May 2, 2026 | ▼ Cash < current liabilities | Liquidity $27,122,000 vs current liabilities $324,860,000 filing | 21 |