Reverse splits are how companies cure bid-price deficiencies; under 2026 rules they get one per 12 months.
Radar 67 (elevated attention) · dilution pressure elevated · listing risk low · governance risk high · runway 0.3 mo · strongest signal: Departure cluster (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 106 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 | ▼ Departure cluster | 4 Item 5.02 8-Ks in 90 days (latest 2026-08-14) filing | 64 |
| Aug 14, 2026 | ▼ Reverse split | “reverse split” language in 8-K (EX-10.1) filed 2026-08-14 filing | 32 |
| Aug 14, 2026 | · 13D amendment | Schedule 13D/A filed 2026-08-14 filing | 24 |
| Aug 14, 2026 | · Officer/director change | 8-K Item 5.02 filed 2026-08-14 (accepted 12:34 ET) filing | 22 |
| Jul 29, 2026 | · Officer/director change | 8-K Item 5.02 filed 2026-07-29 (accepted 16:30 ET) filing | 22 |
| Jul 17, 2026 | · Officer/director change | 8-K Item 5.02 filed 2026-07-17 (accepted 16:30 ET) filing | 24 |
| May 2, 2026 | ▼ Runway < 6 months | ~0.3 months runway: liquidity $4,781,000 as of 2026-05-02, burn $218,051,000/yr (annualized 90-day operating cash flow (low confidence, seasonal) [companyfacts]) filing | 45 |
| May 2, 2026 | ▼ Negative equity | Stockholders' equity $-107,233,000 as of 2026-05-02 filing | 31 |
| May 2, 2026 | ▼ Cash < current liabilities | Liquidity $4,781,000 vs current liabilities $452,383,000 filing | 21 |