Reverse splits are how companies cure bid-price deficiencies; under 2026 rules they get one per 12 months.
Radar 67 (elevated attention) · dilution pressure high · listing risk low · governance risk high · runway 1.4 mo · strongest signal: Departure cluster (Jul 23, 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 13, 2026 | ▼ Going-concern language | “going concern periodic” language in 10-Q (10-Q) filed 2026-08-13 filing | 29 |
| Aug 12, 2026 | ▼ Unregistered sale | 8-K Item 3.02 filed 2026-08-12 (accepted 16:34 ET) filing | 37 |
| Aug 12, 2026 | ▼ Reverse split | “reverse split” language in 8-K (EX-10.2) filed 2026-08-12 filing | 32 |
| Aug 12, 2026 | ▼ New debt obligation | 8-K Item 2.03 filed 2026-08-12 (accepted 16:34 ET) filing | 27 |
| Jul 23, 2026 | ▼ Departure cluster | 3 Item 5.02 8-Ks in 90 days (latest 2026-07-23) filing | 60 |
| Jul 23, 2026 | · Officer/director change | 8-K Item 5.02 filed 2026-07-23 (accepted 16:04 ET) filing | 22 |
| Jul 21, 2026 | · Form 4 burst | 12 Form 4 filings in 30 days filing | 17 |
| Jun 30, 2026 | ▼ Runway < 6 months | ~1.4 months runway: liquidity $9,629,000 as of 2026-06-30, burn $82,309,528/yr (annualized 180-day YTD operating cash flow [companyfacts]) filing | 47 |
| Jun 30, 2026 | ▼ Cash < current liabilities | Liquidity $9,629,000 vs current liabilities $44,288,000 filing | 21 |