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EFFECT ·Filed Jun 1, 2026

PMI

Picard Medical, Inc.
BEARISH
Impact 5/10
Horizondays Processed4mo ago SEC9999999995-26-001814
IPO/offering going effective
Actionable Insight ▼ Bearish

The effectiveness of this S-1 allows selling stockholders to immediately sell shares, creating near-term overhang. Monitor for any pricing announcements or insider selling disclosures. The stock's $14M market cap and prior trading at $0.17 suggest any selling could pressure price further.

DirectionBearish
Confidencehigh
Horizondays
Final — all horizons settled through T+60d
PMI ▲ +13.69% at T+60d
SHORT call ✗ call lost -13.69% · α vs SPY -12.46% · entry $8.40 → $9.55
Entry = T+0 close
Jun 1, 2026
via day close
T+1d
+60.71%
call -60.71% · α -60.58%
$13.50
settled 5mo ago
T+5d
+57.14%
call -57.14% · α -59.69%
$13.20
settled 5mo ago
T+20d
-2.38%
call +2.38% · α +1.08%
$8.20
settled 4mo ago
T+60d
+13.69%
call -13.69% · α -12.46%
$9.55
settled 2mo ago

Price Chart

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Executive Summary

The SEC declared effective Picard Medical's S-1 registration (File No. 333-296060) on May 29, 2026, covering 16.2M shares for resale by selling stockholders. This does not raise new capital for the company and adds potential overhang from existing holders, including warrants exercisable at $0.229 per share.

Key Facts

  • S-1 registration declared effective on May 29, 2026
  • Registration covers 16.2M shares for resale by selling stockholders
  • No new capital raised for Picard Medical
  • Includes warrants exercisable at $0.229 per share
  • Company reported 2025 revenue of $4.94M and net loss of $27M
  • Going-concern qualification and NYSE non-compliance notice exist

Financial Impact

Potential overhang from up to 16.2M shares registered for resale; no new capital raised

dilutionstock price

Risk Factors

  • Immediate selling pressure from registered shares hitting the market
  • Warrant exercises at $0.229 could add further dilution
  • Going-concern qualification and NYSE non-compliance raise fundamental risk

Market Snapshot

Exchange
NYSE
Sector
Surgical & Medical Instruments & Apparatus

Investment Themes

Healthcare & Medical Devices

Documents Analyzed

This report is based on 3 SEC documents filed with EDGAR.

DocumentAccession Number
EFFECT Filing (Primary)9999999995-26-001814
Document: 9999999995-26-001814-index.html9999999995-26-001814
Document: 9999999995-26-001814.txt9999999995-26-001814
23 reports for PMI
Performance horizon
83% Hit rate @ T+60 5 of 6 directional calls Went positive at some point 8 of 10 best @ T+60▲ +138.72%Jul 27, 2026
Filters
Rows
Reports for PMI — sortable, filterable
TypeNow
Oct 23, 2026
3d ago
8-K
MIXED ★ 5/10
$7.09awaiting T+60—$6.83 (−3.68%)
Oct 22, 2026
5d ago
S-3
BEARISH ★ 6/10
$7.37awaiting T+60—$6.83 (+7.34%)
Oct 6, 2026
21d ago
8-K
BEARISH ★ 6/10
$8.74awaiting T+60—$6.83 (+21.86%)
Jul 27, 2026
13w ago
8-K
BULLISH ★ 6/10
$0.0878 $0.2096▲ +138.72%▲ +134.67%$6.83 (+7678.13%)
Jul 15, 2026
14w ago
DEFA14A
NEUTRAL ★ 2/10
$0.1600 $0.1896▲ +18.50%▲ +14.79%$6.83 (+4168.25%)
Jul 8, 2026
15w ago
DEFA14A
NEUTRAL ★ 2/10
$0.1500 $0.0864▼ −42.40%▼ −44.89%$6.83 (+4452.80%)
Jul 2, 2026
16w ago
8-K / 425
NEUTRAL ★ 4/10
$0.1694awaiting T+60—$6.83 (+3931.40%)
Jun 29, 2026
17w ago
8-K
NEUTRAL ★ 2/10
$0.1559 $0.0910▼ −41.63%▼ −45.25%$6.83 (+4280.50%)
Jun 2, 2026
21w ago
Press Release
BULLISH ★ 6/10
$13.50awaiting T+60—$6.83 (−49.41%)
Jun 2, 2026
21w ago
8-K
BEARISH ★ 5/10
$13.50awaiting T+60—$6.83 (+49.41%)
Showing 10 of 23

US Market Status

Market Closed — Opens Wed (17h 22m)

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Report published Jun 1, 2026