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
HIGH$508M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
one or more live registrations had no structured fee data, so the true total is AT LEAST this
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 2022-11-14
Historical dilution
NOT COMPUTEDnewest single-total cover-page count is as of 2022-11-14
= share count now vs 3 years ago
not rated: the company has filed periodic reports since (newest: 10-Q filed 2026-08-13) 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: 18.0M as of Nov 14, 2022 (10-Q/A). Not used as today’s count, because the company has filed periodic reports since (newest: 10-Q filed 2026-08-13) 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 of2022-11-14
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 Aug 13, 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.
Warrants outstanding: 984,252 underlying shares, as reported May 27, 2026 (10-Q).
Balance-sheet fair value of warrants: $4.6M as of May 27, 2026.
Convertible notes
No convertible-note facts tagged in the 10-Q filed Aug 13, 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
Registered offering capacity on live registrations: $508.5Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted
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.