The company can sell stock into the market any day at prevailing prices — steady supply.
Radar 57 (elevated attention) · dilution pressure high · listing risk low · governance risk low · runway 0.3 mo · strongest signal: Equity line (Aug 27, 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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12.8Mshares outstanding as of May 31, 2026 · was 12.8M Mar 31, 2026
Runway = liquidity ÷ monthly operating burn at the latest reported period · balance sheet 143 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
Sep 10, 2026
▼ATM program
“atm” language in 8-K (EX-99.1) filed 2026-09-10 filing
43
Aug 27, 2026
▼Equity line
“equity line” language in 8-K (8-K) filed 2026-08-27 filing
45
May 2, 2026
▼Runway < 6 months
~0.3 months runway: liquidity $762,000 as of 2026-05-02, burn $36,139,056/yr (annualized 90-day operating cash flow (low confidence, seasonal) [companyfacts]) filing
38
May 2, 2026
▼Cash < current liabilities
Liquidity $762,000 vs current liabilities $55,574,000 filing
22
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