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: 5.4M 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, whatever its age. The float checker applies a 200-day freshness rule and sets this beside the balance-sheet count.
Share count fell from 28.2M to 4.2M between Dec 31, 2021 and Dec 31, 2022, a pattern consistent with a reverse split (roughly 1-for-7); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.
Balance-sheet fair value of warrants: $0 as of Dec 31, 2025.
Rough fully diluted estimate: 6.3M = 5.4M O/S + 931,099 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
5.4M
Dec 31, 2025
+ Warrants (aggregate, as tagged) (if exercised)
931,099
Feb 19, 2025
Fully diluted estimate
6.3M
+17.3% 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
F-3May 9, 2025no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →
F-3Jan 10, 2025no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →
F-1May 6, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →
Last 12 months: 1 executed · 0 registered.
EXECUTEDJul 14, 2026Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EFFECTIVEMay 23, 2025SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDMay 9, 2025F-3 registration — capacity to sell shares, not a sale yetF-3 →
UPDATEFeb 19, 2025Prospectus update — often a resale registration, not necessarily new capital424B3 →
EXECUTEDJan 31, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EFFECTIVEJan 21, 2025SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDJan 10, 2025F-3 registration — capacity to sell shares, not a sale yetF-3 →
EFFECTIVESep 13, 2024SEC declared a registration effective — selling can beginEFFECT →
EXECUTEDMay 21, 2024Prospectus supplement priced — shares or notes (large filers: often a bond deal)424B1 →
EFFECTIVEMay 17, 2024SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDMay 6, 2024F-1 registration — capacity to sell shares, not a sale yetF-1 →
EXECUTEDApr 19, 2024Shelf 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.