Jan. 7 at 1:23 PM
$YMAT you can learn watching what the maxim group is doing overseas where nobody is watching. live short interest 1.27%, CTB 118.
OS: 17.00M
Float: 1.95M
Market Cap: ~
$10.5M
Key Dilution Weapons Active
• None currently active
No ATMs, no equity lines, no convertibles, no warrant stacks disclosed post-IPO
• Structural overhang from locked shares
~15M shares held by insiders / legacy holders
Primary dilution risk is unlocks, not issuance
Completed Dilutive Events (most relevant recent)
July 2025 – IPO (F-1)
• 1,250,000 shares @
$4.00
•
$5.0M raised
Banker: Maxim
Most Dangerous Instruments
Not financial instruments, but float dynamics
Extremely low free float relative to OS
Future secondary offerings or resale registrations would materially expand float
Cap Table Overhang Summary
OS: ~17.0M
Float: ~1.95M
Free float: ~11% of OS
No active dilution tools
Effective dilution risk comes from potential unlocks or follow-on offerings
Deal Memory (Price Levels That Matter)
$4.00 (IPO price)
$0.55–
$0.62 (current trading range)
Narrative Summary
YMAT is not currently a diluter by mechanism.
The cap table risk is structural, driven by a very tight float versus total shares outstanding.
Price action is float-driven, not financing-driven.
