Reverse splits are how companies cure bid-price deficiencies; under 2026 rules they get one per 12 months.
Radar 52 (elevated attention) · dilution pressure elevated · listing risk low · governance risk low · runway 5.5 mo · strongest signal: Runway < 6 months (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.
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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 13, 2026 | ▼ Going-concern language | “going concern periodic” language in 10-Q (10-Q) filed 2026-08-13 filing | 21 |
| Aug 13, 2026 | · Form 4 burst | 5 Form 4 filings in 30 days filing | 15 |
| Aug 12, 2026 | ▼ Reverse split | “reverse split” language in 8-K (EX-10.1) filed 2026-08-12 filing | 32 |
| Aug 12, 2026 | · Officer/director change | 8-K Item 5.02 filed 2026-08-12 (accepted 16:30 ET) filing | 22 |
| Jun 30, 2026 | ▼ Runway < 6 months | ~5.5 months runway: liquidity $13,079,000 as of 2026-06-30, burn $28,394,000/yr (latest fiscal-year operating cash flow (quarter too short to annualize) [companyfacts]) filing | 37 |
| Jun 30, 2026 | ▼ Cash < current liabilities | Liquidity $13,079,000 vs current liabilities $40,598,000 filing | 21 |