Jan. 18 at 2:43 AM
$PCLA interesting setup, live short interest 6.64%, CTB 107.47
OS: 33.32M
Float: 18.69M
Market Cap:
$7.7M
• Equity
– Jan 2025 IPO: 1,750,000 shares @
$4.00 via F-1 (Benjamin / Prime Number), no warrants
– May 2025 Follow-on: 6,100,000 shares @
$0.30 via F-1 (Revere / Dominari), no warrants
No warrants, no convertibles, no equity lines, no SPAs. Pure common issuance so far, which compresses pricing without creating additional overhang from ratchets or resets.
ATM and Shelf
None disclosed.
Equity Lines
None disclosed.
PCLA is not compliant with the NASDAQ
$1.00 bid minimum.
Following the effectiveness of the reverse stock split on January 26, 2026 pursuant to Proposal 1, the Company will instruct Citibank N.A., its depositary bank, not to change the current ratio of American depositary shares (“ADSs”, each “ADS”) to common shares. Instead, each ADS will continue to represent one underlying common share, but the total number of ADSs outstanding will be reduced proportionately (the “Reverse ADS Split”). Accordingly, the per-ADS market value is expected to increase proportionately, such that the aggregate economic interest of each ADS holder in the Company will remain unchanged. A new CUSIP number will be assigned to the ADSs following the Reverse ADS Split. The reverse stock split and Reverse ADS Split will be implemented in accordance with applicable law, and the Company will take all steps necessary to ensure the proper adjustment of ADSs following the reverse stock split.
