The company can sell stock into the market any day at prevailing prices — steady supply.
Radar 64 (elevated attention) · dilution pressure high · listing risk elevated · governance risk low · runway 24.0 mo · strongest signal: ATM program (Sep 17, 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 80 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 |
|---|---|---|---|
| Sep 17, 2026 | ▼ ATM program | “atm” language in 8-K (EX-10.1) filed 2026-09-17 filing | 46 |
| Sep 17, 2026 | ▼ Convertible note | “convertible note” language in 8-K (EX-10.1) filed 2026-09-17 filing | 45 |
| Sep 17, 2026 | ▼ PIPE | “pipe” language in 8-K (EX-10.1) filed 2026-09-17 filing | 38 |
| Sep 17, 2026 | ▼ Unregistered sale | 8-K Item 3.02 filed 2026-09-17 (accepted 16:30 ET) filing | 32 |
| Sep 17, 2026 | ▼ Delisting language | “delisting notice” language in 8-K (EX-10.1) filed 2026-09-17 filing | 32 |
| Sep 17, 2026 | ▼ New debt obligation | 8-K Item 2.03 filed 2026-09-17 (accepted 16:30 ET) filing | 31 |
| Sep 10, 2026 | ▼ Holder rights modified | 8-K Item 3.03 filed 2026-09-10 (accepted 16:30 ET) filing | 24 |
| Jun 30, 2026 | ▼ Near $5M MVLS floor | Public float $3,332,736 (as of 2025-06-30) vs $5M Nasdaq MVLS floor; needs price x shares confirmation filing | 28 |