MOBBW

sirethiii

Good write-up. One thing worth double-checking on the 'dilution overhang is gone' framing: the ATM termination in March is real, but looking at the cap structure they still have three warrant tranches outstanding — including the MOBBW listed warrants from the 2022 uplist — plus a shelf registration that's still active. Those don't disappear when the ATM goes away. Also noticed the April 14th 6-K filed the same day as the APAC design win announcement is flagged dilution-relevant. Might be routine, might not be. Worth pulling that filing before assuming the slate is clean. The runway math is genuinely compelling at $159k/month burn — just wouldn't call it zero-overhang until those warrants either expire or get exercised.