3reverse splits
1-for-30,080 cumulative
24.2M → 33.7Mshares issued (XBRL history)
Fresh Supplyfiling state
424B filed ~0d ago

Case Notes

Windtree Therapeutics Inc /de/ has 3 reverse splits on record — cumulative 1-for-30,080. No twelve-month share-count comparison is available in the XBRL record.

Most recent stress filing: 10-Q on 2025-11-20, flagging Going concern, Capital need, ATM/ELOC, Split intent, Listing compliance. 1 supply registration (S-1/424B) landed in the last 12 months.

Registered shares exist to be sold — that is what the S-1 and 424B instruments document. In our research across this filing posture, freshly registered supply is the loaded state of the cycle: the paperwork has created the legal right to place shares into the market. That is not a prediction — it is what the filings say is possible.

Share Count Over Time

XBRL cover-page share counts from SEC EDGAR filings. Amber dashed lines mark reverse-split dates. 3 reverse splits on record.

Reverse Split Log

Each event consolidates shares — fewer shares, same market cap. Source: EDGAR corporate actions.

2023-02-241-for-42.5
2024-04-221-for-15.7
2025-02-211-for-45.1

Cumulative effective ratio: 1-for-30,080— a share held at inception is now worth 1/30,080 of its original fraction.

Filing Stress Record

Stress-language flags extracted from SEC EDGAR 10-K/10-Q filings. Score 1–10 reflects language intensity.

DateFormScoreFlags
2024-04-1710-K4/10Going concernCapital needATM/ELOCSplit intent
2024-05-1610-Q5/10Going concernCapital needATM/ELOCSplit intentListing compliance
2024-08-2010-Q5/10Going concernCapital needATM/ELOCSplit intentListing compliance
2024-11-2710-Q5/10Going concernCapital needATM/ELOCSplit intentListing compliance
2025-04-1610-K4/10Going concernCapital needATM/ELOCSplit intent
2025-05-1610-Q5/10Going concernCapital needATM/ELOCSplit intentListing compliance
2025-08-2010-Q5/10Going concernCapital needATM/ELOCSplit intentListing compliance
2025-11-2010-Q5/10Going concernCapital needATM/ELOCSplit intentListing compliance

Source: public EDGAR records.

424B Supply Pulse

Prospectus supplements (424B5) filed registering shares for resale — each bar is one month with a filing. Bars above average signal active distribution windows. Source: SEC EDGAR.

05 03 01 02 04 11 01 09 10 04 11
2020-052021-032023-012023-022023-042023-112024-012024-092024-102025-042025-11

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