📊 Score Breakdown
Offering Ability
20
Cash Runway
65
Float Risk
5
Warrant Exposure
15
Convertible Debt—
🌦️ Dilution Forecast
🌥️
Advisory
Moderate dilution signals present
24%
🔄 Reverse Split
40%
• 50-day avg $1.13 approaching $1 threshold
• 10 months cash with weak price
💰 Capital Raise
15%
• Under 12 months cash (10mo)
💹 Market Data
Market Cap$62.29M
Shares Outstanding66.98M
Float55.01M
Cash$84.54M
Debt$1.62B
Short InterestN/A
🏛 Institutional Holdings
QoQ: ↓ 2.0% shares (2025Q4 vs prior)
79 institutional holders · 48.19M shares
#1
IAT REINSURANCE CO LTD.
17.22M shares
#2
REDWOOD CAPITAL MANAGEMENT, LLC
4.65M shares
#3
TORONTO DOMINION BANK
3.30M shares
+ 17 more holders Sign up free to view →
📉 Short Interest
Short Interest3.74M
Days to Cover5.7
% of Float6.8%
FINRA data as of May 15, 2026
📁 Recent SEC Activity
xbrl
XBRL CONVERTIBLE
Dec 31, 2011
Full SEC filing analysis available with free account →
📰 Recent News
No recent news
🔬 More Research for MERC
📊 MERC FDA Catalyst Timeline & Biotech Grade — BiotechSigns
📡 MERC Signal Convergence & Dark Pool Activity — StonkWhisper
Part of the Guerilla Finance research network. Cross-reference multiple data sources for better due diligence.