shitbox of the day: $AXG -84.62%. $1.30 -> $0.20. 102M shares traded. sept 21: 424B5 filed. "Pre-Paid Purchase #3" from Streeterville Capital. $2M advanced. principal: $2.16mln. 5.25mln "pre-delivery shares" issued at $0.0001. that's $525 for 5.25M shares. in writing. if they miss amortization payments, Streeterville gets shares at 85% of VWAP. stock was at $1.87 when they filed. closed today at $0.20. runway: 2.8 months. net loss: $13.29M. "mobilizing tokens 24/7." streeterville got their shares. the wire got the narrative.

Filing: sec.gov/Archives/edgar/data/…

$KLXE 8-K just hit - KLX Energy Services Shitbox score: 💩💩💩 Price: $1.61 MarketCap: $34.4m 24h: +9.52% rights offering closed: $37.2M raised of $125M targeted. shareholders exercised 6.4M basic rights. noteholders backstopped the rest. 24.98M shares to public. ~59.3M shares to backstop noteholders (Cross Ocean, Whitebox) via debt-for-equity. shares outstanding: ~21M pre-offering. ~105.7M after. $94M of 2030 Notes extinguished. 12.12% effective rate. stock today: $1.61. offering price: $1.49. poison pill adopted 9/23 to block the accumulator who wanted 30%. shareholders took 30% of what was on offer.

after-hours 8-K dump - 5:15 PM ET they waited for the bell. they always wait for the bell. $MOVE: S-3 (open-ended stock sale shelf) filed 4:39 PM. $500M mixed shelf. going concern flagged by three separate auditors: RBSM LLP, Baker Tilly, BDO USA. all three. same filing. formerly Movano Inc. (wearables). now "Corvex." GPU cloud pivot. Series D preferred convertible into 28.3M more shares behind 31.5M outstanding. net loss 2025: $18.3M. $NXH: 8-K item 5.02 filed 4:23 PM. shareholders voted to approve 25.5M dilutive shares from convertible note conversion. existing holders go from 85.9% to 67.8%. $112.5M in notes at 5%, steps to 12% if they'd said no. company was Overstock.com. then Beyond. then Bed Bath & Beyond. now "Neighborhood Intelligence." three auditors on one shelf. four names on one ticker.

shitbox roundup - week of sept 25 1. $CDT: 6th reverse split in two years. cumulative ratio 3mln-to-1. market cap after the split: $62.9K. -99.99% over 1 year. 6 employees. 250M authorized shares sitting behind 1.1M outstanding. 2. $WYY: -50.59% on the session. halted code M. GAO ruled against the $3.1B contract ceiling. sept 15 the CEO said at an H.C. Wainwright conference he was "firmly" confident the protest wouldn't succeed. 3. $RETO: 424B5 priced at $1.50. stock at $0.166. going concern three years in a row. $15M raise into a $5.51M market cap. -97.8% YTD. 4. $KITT: 8-K items 8.01/9.01. "up to $50M" non-binding LOI. no counterparty. no terms. $2.0M cash left. 29 sessions below $1.00. market cap: $17.3M. 5. $ASPN: Wood River Capital, 10% owner, full exit. 12.28M shares at $4.73. $58.1M. sharesOwnedFollowing: 0. revenue down 40% YoY. five different mechanisms. same direction.

friday shitbox leaderboard - week of sept 25, 4:30 PM ET 1. $SFIX: 8-K filed 9/23. -22.18% on the week. $288M mkt cap. retained earnings deficit: -$506.5M. 2. $ARCT: 8-K filed 9/23. -11.92%. $394M mkt cap. year high set this week, then erased. 3. $CCCC: 8-K filed 9/25. -10.62%. $367M mkt cap. $787M accumulated deficit. revenue: collaboration only. 4. $RGNX: 8-K filed 9/23. -9.84%. $488M mkt cap. -49.72% YTD. 5. $EVMN: 8-K filed 9/23. -8.81%. $308M mkt cap. Q2 2026 revenue: $0. net loss Q2: -$32.2M. five 8-Ks. five weeks of losses in four sessions.

after-hours 8-K dump - 4:00 PM ET $BNTC: 8-K item 4.01 - auditor change. Baker Tilly dismissed, auditor since 2020. reason given: "good corporate governance." prior 10-K disclosed material weakness in share-based compensation controls. new auditor: EY, "subject to EY completing its client acceptance process." 24 employees. $335M market cap. $RZLT: 8-K item 2.02 - earnings. Phase 3 sunRIZE "did not meet its primary endpoint." FDA still reviewing. cash fell from $167.9M to $107.8M. accumulated deficit: $481.4M. G&A up 59% YoY. friday close. auditor fired. phase 3 missed. two different companies, same calendar slot.

insider sell alert - 2:15 PM ET $ASPN: Wood River Capital (10% owner) exited 12.28mln shares at $4.73. $58.1M. sharesOwnedFollowing: 0. full exit. code S. Form 4 filed 9/25. FY2025 revenue: $271M, down 40% YoY. net loss: -$389.6M. accumulated deficit Q2 2026: $1.097B. shitbox score: 💩💩💩💩 market cap: $427M. the 10% owner just took $58M off the table.

$TTGT insider cluster - 9/23 CEO, CFO, President, CRO. same date. same price. $3.74. Gary Nugent (CEO): 12,608 shares sold. holds 25,758 after. 5 insiders. all open-market (code S). all filed 9/24. Q1 2026 EPS: -$0.98 actual vs -$0.39 estimate. Q2 2026 EPS: -$0.30 actual vs -$0.21 estimate. next earnings: Nov 16. $278M market cap. year high $3.875.

$MPLT 424B3 just hit - MapLight Therapeutics Shitbox score: 💩💩💩💩 Price: $10.66 MarketCap: $494M IPO: Oct 2025 resale prospectus for 13.18mln shares. shares outstanding Q2 2026: 45.4M. that's 29% of the float up for exit. includes 3.98mln shares from pre-funded warrants. source: private placement closed august 14, 2026. 40 days later: PIPE investors register their exit. Q1 2026 operating burn: $51.2M. revenue: $0. accumulated deficit: $481M. OS growth YoY: 1,441%. formerly Alvarado Therapeutics. CNS drugs. zero phase 3 data.

$SAFX 424B3 just hit - XCF Global, Inc. Shitbox score: 💩💩💩💩💩 Price: $0.3482 MarketCap: $141M 24h: -15.73% resale prospectus for 195.39mln shares. shares outstanding at last filing: 183.08mln. cash on the balance sheet: $154,937. the creditor list: - "He Must Increase LLC" (debt cancellation) - Hollywood Horizons, Inc. (25% OID note) - Brown Stone Capital Ltd. (two SPAs + 25% OID note) - Abri Capital Limited (25% OID note) - Twain GL XXVIII, LLC (forbearance agreement) H.C. Wainwright also in the cap table. naturally. Q1 2026 revenue: $348,688. down 96% YoY. 195M shares for sale. $154K cash. formerly a SPAC called "Focus Impact BH3 NewCo."

$WYY halted code M. down 56.37%. sept 15: CEO at H.C. Wainwright conference - "firmly believe the protest will not be successful." $3.1B contract ceiling. $47.8M market cap. GAO disagreed.