The company can sell stock into the market any day at prevailing prices — steady supply.
Radar 63 (elevated attention) · dilution pressure high · listing risk elevated · governance risk low · runway 0.7 mo · strongest signal: ATM program (Jul 22, 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 138 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 |
|---|---|---|---|
| Jul 31, 2026 | ▼ Offering (424B) | 424B3 prospectus supplement 2026-07-31; 18 prior 424B filings in 12m filing | 28 |
| Jul 31, 2026 | ▼ Shelf effective | EFFECT notice 2026-07-31 filing | 21 |
| Jul 22, 2026 | ▼ ATM program | “atm” language in 8-K (EX-10.3) filed 2026-07-22 filing | 44 |
| Jul 22, 2026 | ▼ PIPE | “pipe” language in 8-K (8-K) filed 2026-07-22 filing | 33 |
| Jul 22, 2026 | ▼ Unregistered sale | 8-K Item 3.02 filed 2026-07-22 (accepted 17:22 ET) filing | 32 |
| Jul 22, 2026 | ▼ Reverse split | “reverse split” language in 8-K (EX-4.1) filed 2026-07-22 filing | 32 |
| Jul 22, 2026 | ▼ Delisting language | “delisting notice” language in 8-K (EX-10.1) filed 2026-07-22 filing | 32 |
| Mar 31, 2026 | ▼ Runway < 6 months | ~0.7 months runway: liquidity $1,047,539 as of 2026-03-31, burn $17,857,747/yr (latest fiscal-year operating cash flow (quarter too short to annualize) [companyfacts]) filing | 44 |
| Mar 31, 2026 | ▼ Cash < current liabilities | Liquidity $1,047,539 vs current liabilities $244,838,071 filing | 21 |