Apr. 22 at 3:14 PM
126 million
$SMR shares. Six months.
Three dealers.
Goldman settled Feb 13.
BofA Tranche A settled Apr 9.
Citi settled Apr 15.
This morning the float expanded to 298.32M -- up 12.93M from Apr 16. Tranche B = 13.5M shares. The float doesn't lie.
The iborrowdesk pool expanded overnight. Same signature as every prior settlement.
53.5 million shares short. No mechanical supply left to hold the borrow rate down. No program offer wall at the open.
$SMR +8.27%.
$SMU +15.38%.
$SMUP +16.31%.
The leveraged instruments are finally moving the way they should.
One Form 4 filing away from full confirmation.
May 7 earnings is the first call management has had with clean air since October 2025.
$1.3B cash. Zero debt. Only NRC-approved SMR design in U.S. history. ENTRA1 commercial deal pending.
The options market already priced
$15 calls for earnings week.
..this is what price discovery looks like on day one.
MY OPINION ONLY. NOT FINANCIAL ADVICE.
