SPRB SPRUCE BIOSCIENCES, INC.
What the filings say Pressure ▼
The dilution already happened: share count is up 25%+ versus the prior period.
Radar 45 (elevated attention) · dilution pressure low · listing risk low · governance risk low · runway 33.1 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.
45 Radar · attention score (0–100)
39 Dilution pressure · financing + balance sheet
29 Listing risk · exchange standards
22 Governance risk · reporting, auditor, going concern
Analyst note No note yet. Notes are written each morning for the top-ranked setups; Pro subscribers get them in full the same day.
Pro on SPRB Alerts One email the morning SPRB files anything that matches your rules (types, minimum score, setups).
12-month history Every signal and setup for SPRB back a year, not just 30 days — see how the current setup built.
Full analyst notes What we noticed, evidence with links, what could prove us wrong, red-team caveats.
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Balance sheet (XBRL) $96.3M cash + short-term investments as of Jun 30, 2026
33.1 mo estimated runway (4x latest quarterly operating cash burn)
$83.7M stockholders' equity as of Jun 30, 2026
$2.8M public float (10-K cover)
2.9M shares outstanding as of Aug 10, 2026 · was 1.4M Mar 3, 2026
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.
Signal timeline 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 27, 2026 · Officer/director change 8-K Item 5.02 filed 2026-07-27 (accepted 08:05 ET) filing
22 Jun 30, 2026 ▼ Share count +25% Shares outstanding 1,372,043 (2026-03-03) -> 2,874,013 (2026-08-10), +109% filing
39 Jun 30, 2026 ▼ Near $5M MVLS floor Public float $2,800,000 (as of 2025-06-30) vs $5M Nasdaq MVLS floor; needs price x shares confirmation filing
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Quiet Alpha Automated SEC-filing intelligence for US microcaps. Updated every weekday morning from SEC EDGAR · last run 2026-08-16.
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