📊 Score Breakdown
Offering Ability
100
Cash Runway
65
Float Risk
25
Warrant Exposure
15
Convertible Debt—
🌦️ Dilution Forecast
⛈️
Warning
High probability of dilution event
48%
🔁 Convertible Conversion
60%
• Major convertible overhang: 219% potential dilution
• Convertible risk score very high (85/100)
💰 Capital Raise
53%
• Under 12 months cash (6mo)
• Active shelf registration ($250M, 123% of market cap)
📉 Score Deterioration
15%
• Score already CRITICAL (78/100) — events likely imminent
💹 Market Data
Market Cap$203.55M
Shares Outstanding29.54M
Float25.99M
Cash$15.47M
Debt$4.64M
Short InterestN/A
🏛 Institutional Holdings
QoQ: ↓ 5.4% shares (2025Q4 vs prior)
56 institutional holders · 7.83M shares
#1
Bleichroeder LP
1.63M shares
#2
ROYAL BANK OF CANADA
965.4K shares
#3
MORGAN STANLEY
807.6K shares
+ 17 more holders Sign up free to view →
📉 Short Interest
Short Interest1.50M
Days to Cover2.0
% of Float5.8%
FINRA data as of Mar 31, 2026
📁 Recent SEC Activity
xbrl
XBRL CONVERTIBLE
Dec 31, 2025
xbrl
XBRL WARRANT
Dec 31, 2024
424B5
ATM
Mar 02, 2026
8-K
8K EVENT
Mar 02, 2026
424B5
ATM
Feb 26, 2026
Full SEC filing analysis available with free account →