SECIntel
Float & OS130.59 M / 165.60 M
Cash/Shr$0.01
Market Cap & EV—
Short Interest—
Cash$909,000
Est. Cash Today$-29.67 M
Off AbilityHigh
Off FreqLow
DilutionLow
Cash NeedHigh
Overall Offering RiskHigh
Warrant Exercise RiskLow
Nasdaq ComplianceLow

Shares Outstanding History

Cash Position

Cash Position

The company has -23.2 months of cash left based on the quarterly cash burn of $-3.84 M and estimated current cash of $-29.67 M.

Commentary on Financial Condition

“Since our inception, we have incurred net losses. We incurred net losses of $4.7 million and $10.2 million for the three months ended September 30, 2024 and 2023, respectively. As of September 30, 2024, we had an accumulated deficit of $216.5 million. In connection with the Company's previously equity fundraising (the “Fundraise”), the Company also announced a revision to the terms of its £8.7 million amortizing senior convertible bond (the “Convertible Bond”) held by a fund advised by Heights Capital Ireland LLC (the "Convertible Bond Investor"), subject to the closing of the Fundraise which closed in two tranches on October 7,” (from November 2024 filing’s Liquidity and Capital Resources) Filed At: 2024-11-19

Recent Filings
SCHEDULE 13D/AForm SCHEDULE 13D/A2026-02-23
EFFECTForm EFFECT2025-07-31
EFFECTForm EFFECT2025-07-31
EFFECTForm EFFECT2025-07-31
EFFECTForm EFFECT2025-07-31
EFFECTForm EFFECT2025-07-31
424B3Form 424B32025-07-30
15-12GForm 15-12G2025-07-30
Insights
A $21,200,000 convertible note converts at $7.25 per share, which at that price is 2,924,138 shares.
10-Q · 2024-11-19
The company received a deficiency notice from Nasdaq for minimum bid price on August 27, 2024.
· 2024-08-27
An at-the-market programme of up to $1,400,000 is in place with Wainwright.
424B5 · 2024-05-15