Reverse splits are how companies cure bid-price deficiencies; under 2026 rules they get one per 12 months.
Radar 62 (elevated attention) · dilution pressure elevated · listing risk low · governance risk elevated · runway 2.0 mo · strongest signal: Late filing (NT) (Aug 14, 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 138 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 14, 2026 | ▼ Late filing (NT) | NT 10-Q filed 2026-08-14 filing | 47 |
| Aug 13, 2026 | ▼ Reverse split | “reverse split” language in 8-K (EX-99.1) filed 2026-08-13 filing | 32 |
| Aug 6, 2026 | · 13D amendment | Schedule 13D/A filed 2026-08-06 filing | 24 |
| Aug 5, 2026 | ▼ New debt obligation | 8-K Item 2.03 filed 2026-08-05 (accepted 16:30 ET) filing | 29 |
| Jul 31, 2026 | · 13D amendment | Schedule 13D/A filed 2026-07-31 filing | 24 |
| Jul 27, 2026 | · 13D amendment | Schedule 13D/A filed 2026-07-27 filing | 24 |
| Mar 31, 2026 | ▼ Runway < 6 months | ~2.0 months runway: liquidity $10,548,000 as of 2026-03-31, burn $62,516,000/yr (latest fiscal-year operating cash flow (quarter too short to annualize) [companyfacts]) filing | 41 |
| Mar 31, 2026 | ▼ Cash < current liabilities | Liquidity $10,548,000 vs current liabilities $196,048,000 filing | 21 |