Less than six months of cash at the latest burn — the company must raise, cut, or both, soon.
Radar 54 (elevated attention) · dilution pressure elevated · listing risk low · governance risk low · runway 2.7 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 14, 2026 | · Officer/director change | 8-K Item 5.02 filed 2026-08-14 (accepted 13:27 ET) filing | 23 |
| Aug 4, 2026 | ▼ New debt obligation | 8-K Item 2.03 filed 2026-08-04 (accepted 06:56 ET) filing | 29 |
| Jun 30, 2026 | ▼ Runway < 6 months | ~2.7 months runway: liquidity $86,309,000 as of 2026-06-30, burn $387,832,778/yr (annualized 180-day YTD operating cash flow [companyfacts]) filing | 44 |
| Jun 30, 2026 | ▼ Negative equity | Stockholders' equity $-560,300,000 as of 2026-06-30 filing | 31 |
| Jun 30, 2026 | ▼ Cash < current liabilities | Liquidity $86,309,000 vs current liabilities $785,259,000 filing | 21 |