HIGHworst of 2 computed sub-ratings (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
not every sub-rating was computable; treat as a floor
Offering ability
HIGHS-1/A on file 2025-02-05
= is there a registration (S-1/S-3 family) on file without a later withdrawal
no structured fee data on the live registrations, so this is a yes/no, not a size
Overhead supply
NOT COMPUTEDno current share count to divide by
= warrant shares outstanding divided by current shares outstanding
not rated: the newest single-total cover-page count is as of 2017-03-30
Historical dilution
NOT COMPUTEDnewest single-total cover-page count is as of 2017-03-30
= share count now vs 3 years ago
not rated: the company has filed periodic reports since (newest: 10-Q filed 2026-11-05) with no single-total cover-page count in SEC's companyfacts, which omits counts filed per share class
Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.
Shares outstanding over time
Newest single-total count on a cover page: 25.0M as of Mar 30, 2017 (10-K). Not used as today’s count, because the company has filed periodic reports since (newest: 10-Q filed 2026-11-05) with no single-total cover-page count in SEC's companyfacts, which omits counts filed per share class.⊙
EVIDENCE — filed/published fact
SourceSEC XBRL, cover-page share count
Fielddei:EntityCommonStockSharesOutstanding
As of2017-03-30
HowKept on the chart with its date. No estimate, rating or current-share figure on this page is built on it.
Tranches exactly as the company dimensioned them in its 10-Q filed Nov 5, 2026 →. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.
No convertible-note facts tagged in the 10-Q filed Nov 5, 2026. If convertible notes exist, their terms live in exhibit prose for this filer and are not parsed; absence of a tag is not proof of absence. The exhibits are the ground truth.
Registrations and offerings
S-1Jan 15, 2025no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →
S-3Nov 22, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →
S-1Jul 19, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →
Last 12 months: 0 executed · 0 registered.
EXECUTEDSep 5, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EFFECTIVEApr 11, 2025SEC declared a registration effective — selling can beginEFFECT →
UPDATEApr 1, 2025Prospectus update — often a resale registration, not necessarily new capital424B3 →
UPDATEFeb 27, 2025Prospectus update — often a resale registration, not necessarily new capital424B3 →
UPDATEFeb 13, 2025Prospectus update — often a resale registration, not necessarily new capital424B3 →
EXECUTEDFeb 7, 2025Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4 →
REGISTEREDFeb 5, 2025S-1/A registration — capacity to sell shares, not a sale yetS-1/A →
EFFECTIVEFeb 5, 2025SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDJan 15, 2025S-1 registration — capacity to sell shares, not a sale yetS-1 →
UPDATEDec 2, 2024Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVENov 27, 2024SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDNov 22, 2024S-3 registration — capacity to sell shares, not a sale yetS-3 →
Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.