Neutral/Negative Catalysts
- Dilution/overhang: Issuance of 31.02M new shares is dilutive and often creates near-term selling pressure/arb activity.
- Breakdown risk: Current price is below S1 (8.567); failure to reclaim quickly increases odds of a slide toward S2 (7.654).
- Elevated volatility regime: Very high IV and heavy option activity can coincide with unstable, headline-sensitive price action.
- Development-stage fundamentals: No operating revenue and ongoing losses keep valuation highly dependent on project milestones and market sentiment.
