Expect heavy downward pressure as pre-funded warrants (effectively shares at $0.0001) become immediately tradable. Monitor for registration statements enabling resale. The stock's micro-cap status and extreme dilution raise going-concern risk and potential Nasdaq non-compliance.
Price Chart
Executive Summary
Cyabra closed the exchange of $10.66M in Series C Preferred for 24.5M pre-funded warrants and 49M common warrants, and converted 35.65M Series A/B Preferred into 9.76M common shares plus 25M pre-funded warrants at a $0.435 conversion price. This massive equity issuance will severely dilute existing common shareholders and signals financial distress.
Key Facts
- Exchange Agreement closed: issued 24,505,747 pre-funded warrants ($0.0001 exercise), 24,505,747 Series A warrants ($0.50, 5yr), and 24,505,747 Series B warrants ($0.45, 12mo) to Alpha Capital Anstalt for $10,660,000 in Series C Preferred.
- Conversion Agreement closed: issued 9,756,323 common shares and a pre-funded warrant for 25,006,895 shares to holders of 35,648,276 Series A/B Preferred at a conversion price of $0.435 per share.
- All Series C, Series A, and Series B Preferred shares were cancelled and restored to authorized but unissued status.
- Stockholder approval received September 2, 2026; transactions closed September 9, 2026.
- Market cap is only ~$6M, making the potential dilution from these issuances extremely severe.
Financial Impact
Massive dilution: up to ~108M potential new shares (pre-funded warrants + common warrants) on a ~$6M market cap. No new cash raised; existing preferred converted to common-linked securities.
Risk Factors
- Immediate selling pressure from pre-funded warrant exercises and conversion shares.
- Further dilution if Series A/B warrants ($0.50/$0.45) are exercised.
- Nasdaq minimum bid price requirement may be breached if stock falls further.
- No new operating capital raised — restructuring does not address cash runway.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-098557 |
| Document: ea030494801ex3-2.htm | 0001213900-26-098557 |
| Document: ea030494801ex3-1.htm | 0001213900-26-098557 |
| Document: 0001213900-26-098557-index-headers.html | 0001213900-26-098557 |
| Document: 0001213900-26-098557-index.html | 0001213900-26-098557 |
| Document: 0001213900-26-098557.txt | 0001213900-26-098557 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Press Release | $0.1480 | awaiting T+5 | — | $0.1300 (−12.16%) |
Oct 19, 2026 8d ago | EFFECT | $0.1500 $0.1390 | ▼ −7.33% | ▼ −7.19% | $0.1300 (−13.33%) |
Oct 16, 2026 10d ago | DEF 14A | $0.1432 $0.1370 | ▲ +4.33% | ▲ +3.90% | $0.1300 (+9.22%) |
Oct 13, 2026 13d ago | Press Release | $0.1598 $0.1520 | ▼ −4.88% | ▼ −3.73% | $0.1300 (−18.65%) |
Oct 7, 2026 19d ago | S-1 | $0.1700 $0.1500 | ▲ +11.76% | ▲ +11.49% | $0.1300 (+23.53%) |
Oct 5, 2026 21d ago | Press Release | $0.2080 $0.1670 | ▼ −19.71% | ▼ −20.13% | $0.1300 (−37.50%) |
Sep 30, 2026 26d ago | Press Release | $0.2140 $0.1874 | ▼ −12.43% | ▼ −14.34% | $0.1300 (−39.25%) |
Sep 22, 2026 4w ago | SC 13G | $0.2700 $0.2100 | ▼ −22.22% | ▼ −21.04% | $0.1300 (−51.85%) |
Sep 22, 2026 4w ago | SC 13G | $0.2700 $0.2100 | ▼ −22.22% | ▼ −21.04% | $0.1300 (−51.85%) |
Sep 22, 2026 4w ago | Press Release | $0.2681 $0.2112 | ▼ −21.22% | ▼ −20.04% | $0.1300 (−51.51%) |
US Market Status
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