HIGHworst of 2 computed signals (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
HIGHF-3 on file 2025-03-19
= 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 warrant count tagged in XBRL
= warrant shares outstanding divided by current shares outstanding
absence of a tag is not proof of absence of warrants
Historical dilution
MEDIUM+77% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
a reverse-split-sized cliff is in this window; read the chart
Cash need
NOT COMPUTEDrunway not computable from latest facts
= cash vs trailing operating burn
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
Latest: 12.8M shares as of Dec 31, 2025 (20-F). Share count fell from 27.3M to 7.2M between Dec 31, 2021 and Dec 31, 2022, a pattern consistent with a reverse split (roughly 1-for-4); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.
No warrant figures tagged in this filer’s XBRL facts. That means the company has not reported them in structured form; it does not prove no warrants exist. The exhibits are the ground truth.
Convertible notes
The latest 10-Q/10-K instance document could not be checked just now, so nothing is shown rather than guessed. Try again shortly.
Registrations and offerings
F-3Mar 19, 2025no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →
F-3Aug 29, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →
Last 12 months: 1 executed · 0 registered.
EXECUTEDSep 30, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
UPDATEMar 28, 2025Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVEMar 27, 2025SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDMar 19, 2025F-3 registration — capacity to sell shares, not a sale yetF-3 →
UPDATESep 9, 2024Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVESep 9, 2024SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDAug 29, 2024F-3 registration — capacity to sell shares, not a sale yetF-3 →
UPDATEApr 6, 2023Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVEApr 5, 2023SEC declared a registration effective — selling can beginEFFECT →
UPDATEMar 16, 2023Prospectus update — often a resale registration, not necessarily new capital424B3 →
UPDATEMar 16, 2023Prospectus update — often a resale registration, not necessarily new capital424B3 →
EXECUTEDFeb 3, 2023Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
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.