Dec. 30 at 2:57 PM
$LDWY live short interest 2.3%, CTB 3.55, needs cash but relatively clean cap table
OS: 1.77M
Float: 0.51M
Key Dilution Weapons Active
• February 2022 Shelf (Baby Shelf)
Capacity:
$1.30M remaining
Price to break baby shelf:
$97.76
No usage since effectiveness
• No ATMs, converts, variable-rate notes, or warrants disclosed
Financing flexibility constrained to shelf only
Completed Dilutive Events (most relevant recent)
None in the past 12 months under IB6
No priced S-1s, RDOs, converts, or ATM usage shown
Most Dangerous Instruments
None currently outstanding
Primary risk is lack of capital, not embedded dilution structures
No derivative or warrant overhang
Dilution access limited to ~
$1.30M under baby shelf
OS: 1.77M
Effective issuance capacity without new filing: minimal
Deal Memory (Price Levels That Matter)
$5.10 (highest 60D close; baby shelf math reference)
$97.76 (price required to lift baby shelf restriction)
$3.43 (spot)
No active dilution weapons, but severe capital deficiency.
Negative cash position and high quarterly burn imply near-term financing need.
Any raise likely requires new filing, restructuring, or deeply discounted transaction due to balance sheet stress.
