Listing is at risk and the usual cures are constrained. Next thing to watch: a reverse-split proxy, a hearings-panel 8-K, or a Form 25.
Radar 78 (high attention) · dilution pressure elevated · listing risk high · governance risk low · runway 10.0 mo · strongest signal: Exchange deficiency notice (Jul 31, 2026)
What would confirm: Nasdaq 'Pending Suspension' listing, Form 25, hearings-panel denial 8-K, or a reverse-split proxy.
What would prove it wrong: 8-K announcing regained compliance; equity raise that restores stockholders' equity; MVLS back above threshold for 10+ days.
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.
Independent filings stitched into a thesis, each with what would confirm and what would prove it wrong.
Listing is at risk and the usual cures are constrained. Next thing to watch: a reverse-split proxy, a hearings-panel 8-K, or a Form 25. Exchange deficiency plus a structural reason cure is hard (sub-$5M float, negative equity, no cash, or a reverse split already used). Under Nasdaq's 2026 rules (one reverse split per 12 months; $5M MVLS floor with no cure period from Sept 2026) the usual escape hatches are narrower.
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 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 |
|---|---|---|---|
| Aug 12, 2026 | ▼ Going-concern language | “going concern periodic” language in 10-Q (10-Q) filed 2026-08-12 filing | 33 |
| Jul 31, 2026 | ▼ Exchange deficiency notice | 8-K Item 3.01 filed 2026-07-31 (accepted 17:00 ET) filing | 59 |
| Jul 31, 2026 | ▼ Delisting language | “delisting notice” language in 8-K (8-K) filed 2026-07-31 filing | 46 |
| Jun 30, 2026 | ▼ Share count +25% | Shares outstanding 222,019,108 (2026-05-11) -> 277,798,105 (2026-08-10), +25% filing | 33 |
| Jun 30, 2026 | ▼ Runway 6–12 months | ~10.0 months runway: liquidity $79,903,000 as of 2026-06-30, burn $95,640,139/yr (annualized 180-day YTD operating cash flow [companyfacts]) filing | 24 |
VIVS VivoSim Labs, INC. · DAIC CID Holdco, Inc. · NCRA NOCERA, INC. · GNPX Genprex, Inc. · FLD Fold Holdings, Inc. · HCWB HCW Biologics Inc. · screener →