The effectiveness of these registrations enables Lincoln Park to resell shares at any time, creating a persistent overhang that will pressure the stock. Monitor for any subsequent Form 4 filings or prospectus supplements indicating actual sales by Lincoln Park, which would confirm dilution. The low stock price ($4.63) and warrant price ($0.0249) suggest the market is already pricing in significant dilution risk.
Price Chart
Executive Summary
Three EFFECT notices were filed on May 5, 2026, covering three separate registration statements (File Nos. 333-289447, 333-288065, and 333-268503) for SeaStar Medical Holding Corp. The S-1 filed on April 28, 2026, registered up to 1,664,543 shares for resale by Lincoln Park Capital Fund, LLC under a Purchase Agreement, with potential gross proceeds to the company of up to $14,657,887.43 from future sales. The effectiveness of these registrations allows Lincoln Park to resell shares at any time, creating a persistent dilution overhang.
Key Facts
- Three EFFECT notices were declared effective on May 5, 2026, covering registration statements for SeaStar Medical Holding Corp.
- The S-1 filed on April 28, 2026, registers up to 1,664,543 shares of common stock for resale by Lincoln Park Capital Fund, LLC.
- Lincoln Park has a Purchase Agreement with the company, under which the company may receive up to $14,657,887.43 in additional gross proceeds from future sales.
- As of April 20, 2026, the company had sold 138,184 shares to Lincoln Park for gross proceeds of approximately $342,112.57.
- The company's common stock closed at $4.63 per share on April 20, 2026, and the warrants (ICUCW) closed at $0.0249.
- A 1-for-10 reverse stock split was effected on January 5, 2026.
- The company is a smaller reporting company and an emerging growth company.
- The cross-filing actuarial verdict identifies an AMPLIFIER for the effect-ipo-context + effect-shelf-context combination, supporting the impact override.
Financial Impact
Up to 1,664,543 shares registered for resale; potential additional gross proceeds to the company of up to $14,657,887.43 from future sales to Lincoln Park.
Risk Factors
- Persistent dilution overhang from Lincoln Park's ability to resell up to 1,664,543 shares at any time.
- Potential further dilution if the company continues to sell additional shares to Lincoln Park under the Purchase Agreement.
- Low stock price and warrant price indicate market skepticism about the company's prospects.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 9 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| EFFECT Filing (ICUCW) — Batch item 1 | 9999999995-26-001490 |
| Document: 9999999995-26-001490-index.html | 9999999995-26-001489 |
| Document: 9999999995-26-001490.txt | 9999999995-26-001488 |
| EFFECT Filing (ICUCW) — Batch item 4 | 9999999995-26-001489 |
| Document: 9999999995-26-001489-index.html | 9999999995-26-001490 |
| Document: 9999999995-26-001489.txt | 9999999995-26-001490 |
| EFFECT Filing (ICUCW) — Batch item 7 | 9999999995-26-001488 |
| Document: 9999999995-26-001488-index.html | 9999999995-26-001490 |
| Document: 9999999995-26-001488.txt | 9999999995-26-001490 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 13, 2026 23w ago | 8-K | $0.0298 $0.0298 | · 0.00% | ▲ +0.86% | — |
May 7, 2026 24w ago | S-1/A | $0.0298 $0.0298 | · 0.00% | ▲ +3.14% | — |
May 6, 2026 24w ago | EFFECT | $0.0298 $0.0298 | · 0.00% | ▲ +2.78% | — |
US Market Status
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