Dec. 11 at 2:54 PM
$RCT AI Desk Analysis from the SEC filing (https://www.sec.gov/ix?doc=/Archives/edgar/data/0002027360/000149315225027153/form6-k.htm),
• RCT price approx
$1.56 per share.
• Basic shares 44.23m + SPA (9m) + option exercises (2.09m) ~55.3m shares outstanding
• Implied market cap ≈
$86M (55.3m ×
$1.56),
• Additional 18m warrants and remaining options pending at
$1.5.
Current financials
• Negative equity $(8m)
• H1 2025 net loss -
$26.5M
• Six-month operating + investing cash burn -
$18.1M
• Revenue:
$17.97M
• Marketing & commissions: -
$18.47M, Salaries/benefits/contractors: -
$12.82M (178% of revenue)
Indicators suggest further liquidity needs within the next 3-6 months to fund cashflow.