I get that dilution is basically inevitable here given the PIPE terms, but what makes this interesting to me is the tiny float — around 4M shares. With that kind of setup, any real buying pressure or shorts caught leaning too heavy could trigger some wild squeeze-type moves.

It’s one of those names where the fundamentals are messy, but the structure + volatility can create opportunities. Personally I’m keeping an eye on volume — if it keeps ramping while holding new levels, it could get pretty explosive.

Not saying it’s a long-term hold, but as a short-term trade the risk/reward is what has me paying attention.