The dilution already happened: share count is up 25%+ versus the prior period.
Radar 55 (elevated attention) · dilution pressure elevated · listing risk low · governance risk low · runway 66.8 mo · strongest signal: Share count +25% (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 5, 2026 | ▼ Going-concern language | “going concern periodic” language in 10-Q (10-Q) filed 2026-08-05 filing | 25 |
| Jul 28, 2026 | ▼ Offering (424B) | 424B3 prospectus supplement 2026-07-28; 5 prior 424B filings in 12m filing | 28 |
| Jul 28, 2026 | ▼ Shelf effective | EFFECT notice 2026-07-28 filing | 21 |
| Jul 21, 2026 | · Form 4 burst | 11 Form 4 filings in 30 days filing | 17 |
| Jul 20, 2026 | · 13D amendment | Schedule 13D/A filed 2026-07-20 filing | 24 |
| Jul 17, 2026 | ▼ Shelf filed | S-3 filed 2026-07-17 filing | 35 |
| Jun 30, 2026 | ▼ Share count +25% | Shares outstanding 16,956,415 (2026-05-01) -> 29,769,466 (2026-08-03), +76% filing | 37 |