As of the end of May, the company had 187 million
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Posted On: 08/25/2025 9:44:55 AM
As of the end of May, the company had 187 million shares still available to issue under the authorized cap.
All of those likely can't be issued in an offering because only 12 million are reserved for note conversions and 4.7 million in conversions were provided to Fife in June and July alone but even if 60 million shares are put aside for Fife, that still leaves around $30 million worth of shares at a minor discount that can be used in a raise.
And maybe there is a partnership on the horizon, maybe not, nobody knows, but one thing I have been told by a couple of CFO's that had deals pending is that until the deal is finalized and papers are signed, the company has to proceed at least on one track as if it were business as usual, not counting the proverbial chickens before they hatch.
All of those likely can't be issued in an offering because only 12 million are reserved for note conversions and 4.7 million in conversions were provided to Fife in June and July alone but even if 60 million shares are put aside for Fife, that still leaves around $30 million worth of shares at a minor discount that can be used in a raise.
And maybe there is a partnership on the horizon, maybe not, nobody knows, but one thing I have been told by a couple of CFO's that had deals pending is that until the deal is finalized and papers are signed, the company has to proceed at least on one track as if it were business as usual, not counting the proverbial chickens before they hatch.
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