With only ~15% of shares in the public float and ~85% locked for at least 12 months, the stock is extremely tightly held. Monitor any filings about early lock-up releases or secondary offerings. The incremental release schedule and any insider selling patterns will be critical for near-term price action. Given the bearish analyst consensus and $22M market cap, any sign of lock-up acceleration could pressure the stock.
Price Chart
Executive Summary
RTB Digital filed an 8-K announcing the completion of its lock-up period for founder and major investor shares following its May 12, 2026 combination. As of July 13, 2026, the company has 13,619,997 common shares outstanding, with ~15% in the public float and ~85% subject to lock-up arrangements releasing incrementally over at least 12 months. This structure implies a tiny public float (~2M shares) and significant future selling pressure as lock-ups begin to unlock.
Key Facts
- Combination consummated on May 12, 2026; lock-up for founders and major investors has been completed as of July 13, 2026.
- As of July 13, 2026, RTB has 13,619,997 shares of common stock issued, outstanding, and under issuance instruction.
- Approximately 15% of shares (~2.04M) constitute the public float; ~85% (~11.58M) are subject to lock-up arrangements for at least 12 months.
- Lock-up shares will be released incrementally after the 12-month period, voluntarily agreed by applicable shareholders.
- Market cap is ~$22M with analyst consensus heavily bearish (0% bullish, 4 sells, 1 strong sell out of 8 ratings).
Financial Impact
85% of 13.6M shares locked for ≥12 months; eventual release of ~11.6M shares could overwhelm the ~2M-share float if not staggered or if demand is weak.
Risk Factors
- Lock-up share releases after 12 months could create significant selling pressure on a tiny float.
- Bearish analyst consensus (0% bullish) suggests limited institutional demand.
- Company has a history of name changes and reverse mergers, raising governance concerns.
- Low public float makes the stock vulnerable to extreme volatility on any news or selling.
- No financial statements or guidance provided in this 8-K; fundamentals remain unclear.
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001185185-26-002910 |
| Document: 0001185185-26-002910-index.html | 0001185185-26-002910 |
| Document: 0001185185-26-002910.txt | 0001185185-26-002910 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 21d ago | 8-K | $8.73 $7.62 | ▼ −12.71% | ▼ −12.58% | $7.50 (−14.09%) |
Oct 2, 2026 24d ago | 8-K | $8.89 $8.09 | ▼ −9.00% | ▼ −9.42% | $7.50 (−15.64%) |
Sep 23, 2026 4w ago | SC 13D/A | $9.84 $8.86 | ▼ −9.96% | ▼ −9.28% | $7.50 (−23.78%) |
Sep 23, 2026 4w ago | Insider Buy | $9.84 $8.86 | ▼ −9.96% | ▼ −9.28% | $7.50 (−23.78%) |
Sep 22, 2026 4w ago | 8-K | $9.84 $8.86 | ▲ +9.96% | ▲ +9.28% | $7.50 (+23.78%) |
Sep 22, 2026 5w ago | 8-K | $9.55 $9.43 | ▼ −1.26% | ▼ −0.07% | $7.50 (−21.47%) |
Sep 21, 2026 5w ago | SC 13D/A | $8.44 $9.36 | ▲ +10.90% | ▲ +11.92% | $7.50 (−11.14%) |
Sep 21, 2026 5w ago | Insider Buy | $8.44 $9.36 | ▲ +10.90% | ▲ +11.92% | $7.50 (−11.14%) |
Sep 18, 2026 5w ago | 8-K | $8.44 $9.36 | ▲ +10.90% | ▲ +11.92% | $7.50 (−11.14%) |
Sep 18, 2026 5w ago | 8-K | $8.02 $10.27 | ▲ +28.05% | ▲ +26.79% | $7.50 (−6.48%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers