Reverse splits are how companies cure bid-price deficiencies; under 2026 rules they get one per 12 months.
Radar 53 (elevated attention) · dilution pressure elevated · listing risk elevated · governance risk low · runway 1.4 mo · strongest signal: Runway < 6 months (Mar 31, 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 |
|---|---|---|---|
| Aug 13, 2026 | ▼ Reverse split | “reverse split” language in DEF 14A (DEF 14A) filed 2026-08-13 filing | 27 |
| Aug 3, 2026 | ▼ Reverse split | “reverse split” language in PRE 14A (PRE 14A) filed 2026-08-03 filing | 27 |
| Mar 31, 2026 | ▼ Runway < 6 months | ~1.4 months runway: liquidity $1,089,946 as of 2026-03-31, burn $9,481,645/yr (latest fiscal-year operating cash flow (quarter too short to annualize) [companyfacts]) filing | 42 |
| Mar 31, 2026 | ▼ Near $5M MVLS floor | Public float $4,744,078 (as of 2025-06-30) vs $5M Nasdaq MVLS floor; needs price x shares confirmation filing | 27 |
| Mar 31, 2026 | ▼ Cash < current liabilities | Liquidity $1,089,946 vs current liabilities $8,305,610 filing | 21 |