The immediate tradability of these shares under Rule 144 creates heavy selling pressure risk for a micro-cap with thin liquidity. Monitor for Streeterville Capital selling into the market — any volume spikes likely represent distribution. The remaining ~$2.9M of the original note could be converted similarly, adding further overhang.
Price Chart
Executive Summary
AIM ImmunoTech converted approximately $400,000 of its existing promissory note with Streeterville Capital into 1,749,434 common shares at ~$0.228/share, reducing debt but adding ~$8M market cap worth of new shares to a sub-$8M market cap company. The shares are issued without restrictive legend under Section 3(a)(9), meaning immediate resale potential, which creates significant overhang for a micro-cap stock.
Key Financial Metrics
Key Facts
- Converted ~$400,000 of promissory note into 1,749,434 common shares at ~$0.228 per share
- Shares issued free of restrictive legend under Section 3(a)(9) — immediately tradable
- Original note was $3,301,250 from November 2025; remaining balance reduced by $400,000
- Stockholders approved conversion at July 15, 2026 special meeting
- Market cap is ~$8M — new shares represent ~22% dilution based on conversion price vs market
Financial Impact
~$400,000 debt reduction exchanged for 1,749,434 shares at ~$0.228/share; shares are immediately tradable, creating significant overhang for an $8M market cap company
Risk Factors
- Immediate share overhang from 1.75M freely tradable shares relative to ~$8M market cap
- Remaining ~$2.9M of original note could be converted similarly, adding more dilution
- Streeterville Capital is a known distressed lender — likely to sell shares quickly
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-042592 |
| Exhibit: ex10-1.htm | 0001493152-26-042592 |
| Document: 0001493152-26-042592-index-headers.html | 0001493152-26-042592 |
| Document: 0001493152-26-042592-index.html | 0001493152-26-042592 |
| Document: 0001493152-26-042592.txt | 0001493152-26-042592 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 30, 2026 25d ago | DEF 14A | $0.1877 | awaiting T+20 | — | $0.1600 (−14.76%) |
Sep 22, 2026 4w ago | Press Release | $0.2156 $0.1662 | ▼ −22.91% | ▼ −22.35% | $0.1600 (−25.79%) |
Sep 14, 2026 5w ago | 8-K | $0.2100 | awaiting T+20 | — | $0.1600 (+23.81%) |
Aug 11, 2026 10w ago | 8-K | $0.2500 $0.2332 | ▼ −6.72% | ▼ −5.66% | $0.1600 (−36.00%) |
Aug 10, 2026 10w ago | 8-K | $0.2630 | awaiting T+20 | — | $0.1600 (+39.16%) |
Aug 10, 2026 10w ago | Press Release | $0.2630 | awaiting T+20 | — | $0.1600 (+39.16%) |
Aug 5, 2026 11w ago | 8-K | $0.2800 $0.2346 | ▼ −16.21% | ▼ −15.61% | $0.1600 (−42.86%) |
Aug 3, 2026 11w ago | Press Release | $0.2600 $0.2260 | ▼ −13.08% | ▼ −14.31% | $0.1600 (−38.46%) |
Jun 24, 2026 17w ago | EFFECT | $0.3740 $0.2534 | ▲ +32.25% | ▲ +34.18% | $0.1600 (+57.22%) |
Jun 18, 2026 18w ago | S-1 | $0.3799 $0.2730 | ▲ +28.14% | ▲ +28.67% | $0.1600 (+57.88%) |
US Market Status
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