The effectiveness of this S-1 unlocks immediate selling pressure from ELOC and insider shares. With a going concern warning and no lock-up agreements, expect significant downward price action as selling stockholders can begin trading immediately.
Price Chart
Executive Summary
First Breach, Inc.'s S-1 registration statement (File No. 333-298731) became effective on September 11, 2026, enabling the resale of up to 50,887,472 shares by selling stockholders, including 50 million ELOC shares. This unlocks immediate dilution risk and potential selling pressure from a going-concern company with a ~$63.8M accumulated deficit and no proceeds to the company.
Key Facts
- S-1 registration became effective on September 11, 2026 (File No. 333-298731).
- Registration covers up to 50,887,472 shares for resale by selling stockholders.
- Includes 50,000,000 ELOC shares and 887,472 Dawson James shares.
- Company has a going concern warning and accumulated deficit of ~$63.8M as of June 30, 2026.
- No proceeds to the company from this offering.
- The ELOC facility provides a potential $50M equity line at a 97% discount to market, creating massive dilution risk.
Financial Impact
Up to 50.9M shares registered for resale, representing massive potential dilution against a $37M market cap. ELOC shares can be sold at a 97% discount to market, creating severe downward price pressure.
Risk Factors
- Immediate selling pressure from up to 50.9M registered shares
- ELOC facility allows selling at 97% discount to market price
- Going concern risk with $63.8M accumulated deficit
- No lock-up agreements to prevent insider selling
- Company receives no proceeds from this offering
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| EFFECT Filing (Primary) | 9999999995-26-002955 |
| Document: 9999999995-26-002955-index.html | 9999999995-26-002955 |
| Document: 9999999995-26-002955.txt | 9999999995-26-002955 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $0.7710 | awaiting T+5 | — | $0.8499 (+10.23%) |
Oct 13, 2026 13d ago | 8-K | $0.8314 $0.7425 | ▼ −10.69% | ▼ −11.15% | $0.8499 (+2.23%) |
Sep 23, 2026 4w ago | 8-K | $1.09 $0.9800 | ▼ −10.09% | ▼ −9.68% | $0.8499 (−22.03%) |
Sep 21, 2026 5w ago | Insider Cluster | $0.9487 $0.8805 | ▼ −7.19% | ▼ −6.00% | $0.8499 (−10.41%) |
Sep 14, 2026 6w ago | EFFECT | $0.6411 $0.8900 | ▼ −38.82% | ▼ −38.72% | $0.8499 (−32.57%) |
Sep 11, 2026 6w ago | 424B5 | $0.6411 $0.8900 | ▼ −38.82% | ▼ −38.72% | $0.8499 (−32.57%) |
Sep 3, 2026 7w ago | S-1 | $0.7763 $0.6600 | ▲ +14.98% | ▲ +13.83% | $0.8499 (−9.48%) |
Sep 1, 2026 7w ago | 8-K | $0.8350 $0.6587 | ▼ −21.11% | ▼ −20.16% | $0.8499 (+1.78%) |
Aug 31, 2026 8w ago | 424B4 | $0.7443 $0.7393 | ▲ +0.67% | ▲ +0.75% | $0.8499 (−14.19%) |
Aug 25, 2026 8w ago | 8-K | $1.20 $0.8350 | ▼ −30.42% | ▼ −30.30% | $0.8499 (−29.17%) |
US Market Status
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