Jul. 31 at 2:43 PM
$SNTI 🚨 Snapshot – Gene Circuits & Capital Circuits
💰 Mkt Cap:
$46.2M | Float: 12.87M
🏦 Cash: ~
$18.3M | Burn: ~
$14M/Q | ~4 months runway
📉 Dilution Stack
🔹 31.7M warrants @
$2.30 (Dec 2024, 5-year tail)
— Held by: Celadon, NEA, Bayer, Nantahala, Armistice, CVI, Red Hook, Empery, PharmaEssentia
🔹 21.15M shares from Series A Convertible Preferred
— Fully converted @
$2.25 | Same holders
🔹 Total: >52M shares of dilutive paper waiting post-Dec unlock
🔐 All with customary anti-dilution protections
📊 Outstanding shares today: 26M
📈 Fully diluted overhang: >78M shares
🧾 ATM & Equity Line Firepower
–
$17.5M Leerink ATM (Mar 2025) – 100% untouched
–
$49M Chardan Equity Line - 98% capacity remaining
–
$300M Shelf (Mar 2025)
↳ Baby shelf restricted
↳ Must trade >
$5.83 to lift cap
↳ IB6 float value:
$49.4M