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: 51.7M shares as of Dec 31, 2025 (20-F).⊙
EVIDENCE — filed/published fact
SourceSEC XBRL, cover-page share count
Fielddei:EntityCommonStockSharesOutstanding
As of2025-12-31
HowThe newest cover-page count as filed. It is used as the current count only while it is no more than about 15 months older than the company’s newest periodic filing; the float checker applies a 200-day rule and sets it beside the balance-sheet count.
Share count fell from 723.7M to 60.8M between Dec 31, 2021 and Dec 31, 2022, a pattern consistent with a reverse split (roughly 1-for-12); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.
Rough fully diluted estimate: 105.6M = 51.7M O/S + 53.9M warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.
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.
Fully diluted build-up
Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.
Shares outstanding
51.7M
Dec 31, 2025
+ Warrants (aggregate, as tagged) (if exercised)
53.9M
Dec 31, 2025
Fully diluted estimate
105.6M
+104.3% vs O/S
Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.
Registrations and offerings
Last 12 months: 0 executed · 0 registered.
UPDATEApr 22, 2022Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVEApr 22, 2022SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDApr 20, 2022F-3/A registration — capacity to sell shares, not a sale yetF-3/A →
REGISTEREDMar 28, 2022F-3 registration — capacity to sell shares, not a sale yetF-3 →
UPDATENov 15, 2021Prospectus update — often a resale registration, not necessarily new capital424B3 →
UPDATEOct 7, 2021Prospectus update — often a resale registration, not necessarily new capital424B3 →
UPDATEAug 16, 2021Prospectus update — often a resale registration, not necessarily new capital424B3 →
UPDATEMay 28, 2021Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVEMay 28, 2021SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDMay 19, 2021F-1 registration — capacity to sell shares, not a sale yetF-1 →
UPDATEFeb 26, 2021Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVEFeb 26, 2021SEC declared a registration effective — selling can beginEFFECT →
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.