Last raise Feb 21, 2025, 424B5: Up to at $0.868, $4.8M gross; before two reverse splits, 1-for-80 by Aug 15, 2025 and 1-for-99 by Jun 4, 2026
Known so far: no new shares beyond today's 3.3M · shelf room about $2.5M · not yet read: warrants, converts, options, ATM.
Shelf room
Room todayabout $2.5M
One third of float$2.5M ($7.6M float, Jun 30, 2025)
Sold off it, 12 monthsnothing
How this is worked out
Shelf room about $2.5M on the S-3 of Nov 22, 2024: the baby-shelf rule (public float under $75M) caps sales at one third of the $7.6M public float stated as of Jun 30, 2025, $2.5M, nothing sold off it in the last 12 months. Sources: S-3 Nov 22, 2024, effective Dec 19, 2024 · public float, as of Jun 30, 2025.
3.9M registered for resale, already counted in today's shares where issued; all likely already outstanding.
1.5M shares registered for resale (184 after two reverse splits, 1-for-80 by Aug 15, 2025 and 1-for-99 by Jun 4, 2026; 0.0% of today's 3.3M) under the S-1 of Nov 8, 2024, newest prospectus the 424B3 of Dec 20, 2024; likely already outstanding
88.1M shares registered for resale (11.1K after two reverse splits, 1-for-80 by Aug 15, 2025 and 1-for-99 by Jun 4, 2026; 0.3% of today's 3.3M) under the S-1 of Feb 14, 2025, newest prospectus the 424B3 of Jul 17, 2025; likely already outstanding
100M shares registered for resale (1.0M after the 1-for-99 reverse split by Jun 4, 2026; 30.4% of today's 3.3M) under the S-1 of Aug 11, 2025, newest prospectus the 424B3 of Aug 22, 2025; likely already outstanding
283M shares registered for resale (2.9M after the 1-for-99 reverse split by Jun 4, 2026; 86.3% of today's 3.3M) under the S-1 of Sep 25, 2025, newest prospectus the 424B3 of Sep 30, 2025; likely already outstanding
What could become new Stratum Holdings (SRTM) shares, from the S-1 and 424B prospectus covers we have read. Shares registered for resale are kept out of the total: where already issued, they are in today's share count.
Read so far: the cover share count (3.3M shares, +26737% from 12.4K on Aug 15, 2025, adjusted for the 1-for-99 reverse split by Jun 4, 2026) and the prospectus covers below. Not read yet: warrants, convertible notes, options and RSUs and an ATM program.Read them on EDGAR: the latest 10-Q · S-1 registration filings.
Registrations and share actions on EDGAR (118 filings)
Registration statements, prospectuses, effectiveness notices, information statements and share sales, newest first. Showing the newest 15 of 118. Each links to the filing on EDGAR.
S-1/AAmended registration statement; new shares or resale not read yet
S-1Registration statement; new shares or resale not read yet
424B3Prospectus for shares being soldUp to 283M shares (23149.7% of the 1.2M then) for resale by existing holders; before the 1-for-99 reverse split by Jun 4, 2026
S-1/AAmended registration statement for resale by existing holders
DEF 14CInformation statement: action approved by written consent
S-1Registration statement for resale by existing holders
PRE 14CInformation statement: action approved by written consent (preliminary)
424B3Prospectus for shares being soldUp to 100M shares (8170.5% of the 1.2M then) for resale by existing holders; before the 1-for-99 reverse split by Jun 4, 2026
S-1/AAmended registration statement for resale by existing holders
DEF 14CInformation statement: action approved by written consent
424B3Prospectus for shares being soldUp to 88.1M shares (151.1% of the 58.3M then) for resale by existing holders; before two reverse splits, 1-for-80 by Aug 15, 2025 and 1-for-99 by Jun 4, 2026
PRE 14CInformation statement: action approved by written consent (preliminary)
S-1/AAmended registration statement for resale by existing holders
424B3Prospectus for shares being soldUp to 1.5M shares (7.2% of the 20.2M then) for resale by existing holders; before two reverse splits, 1-for-80 by Aug 15, 2025 and 1-for-99 by Jun 4, 2026
S-1/AAmended registration statement for resale by existing holders
424B3Prospectus for shares being sold3.1M shares (19.0% of the 16.0M then) for resale by existing holders; before two reverse splits, 1-for-80 by Aug 15, 2025 and 1-for-99 by Jun 4, 2026
424B3Prospectus for shares being sold583K shares (3.9% of the 14.8M then) for resale by existing holders; before two reverse splits, 1-for-80 by Aug 15, 2025 and 1-for-99 by Jun 4, 2026
S-1Registration statement for resale by existing holders
DEF 14CInformation statement: action approved by written consent
424B3Prospectus for shares being sold2.5M shares (16.9% of the 14.8M then) for resale by existing holders; before two reverse splits, 1-for-80 by Aug 15, 2025 and 1-for-99 by Jun 4, 2026
S-1/AAmended registration statement; new shares or resale not read yet
S-1/AAmended registration statement; new shares or resale not read yet
S-1/AAmended registration statement; new shares or resale not read yet
S-1/AAmended registration statement; new shares or resale not read yet
S-1/AAmended registration statement; new shares or resale not read yet
S-1/AAmended registration statement; new shares or resale not read yet
S-1/AAmended registration statement; new shares or resale not read yet
S-1/AAmended registration statement; new shares or resale not read yet
S-1/AAmended registration statement; new shares or resale not read yet
S-1/AAmended registration statement; new shares or resale not read yet
S-1/AAmended registration statement; new shares or resale not read yet
S-1Registration statement; new shares or resale not read yet
Shares outstanding
3.3M
Nov 2024 to Aug 2026: from 2.6K to 3.3M. Adjusted for two reverse splits, 1-for-80 by Aug 15, 2025 and 1-for-99 by Jun 4, 2026: each earlier count is divided by the ratio of every split after it.
From the share count on the cover of each 10-Q and 10-K, dated as each cover states.
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New shelves, offerings, 10-Qs and 10-Ks from SRTM, explained in plain English when they reach EDGAR.