May. 13 at 2:54 PM
$AMOD AMOD just released a new company update dated May 11, 2026. (Available on their website under the "IR -> Company Presentation").
Interesting point: the new presentation still lists only 53,094,082 common shares outstanding and a public float of 18.78M.
However, prior DEF 14C filings disclosed that approximately 3.87M Series C Preferred shares were already exchanged into 109,588,265 new common shares using the floating conversion formula based on the average of the 5 lowest trading prices.
That raises an important question: If the 109.6M share issuance was already determined and approved, why does the May 11 deck still only show ~53.1M common outstanding? These massive dilution of 109.6M additional shares has already been disclosed and quantified in prior SEC filings, so why not included on this new company update?!?!?
