Endovia Registers 1.01M ELOC Resale Shares; Realistic Proceeds Only ~$150K
EDVA sits 26% above its 52-week low of $0.134 on light trading volume (0.2× avg).
Summary
Endovia filed an S-1 to register 1,013,041 shares for resale under its existing equity line with C/M Capital Master Fund. At current prices, the filing concedes, the tranche raises only about $150,000 — far below the $29.8M headline capacity.
Key Events · Financing and Capital Events · EDVA
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New ELOC Resale Tranche Registered
An S-1 registers 1,013,041 shares issuable to C/M Capital Master Fund under the September 19, 2025 equity line; no shares are sold in this offering, and the company receives no proceeds from C/M's resales.
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Headline Capacity vs Realistic Proceeds
Up to $29,800,324 remains available under the purchase agreement, yet the filing states that at current market prices the registered shares would raise approximately $150,000 — about 0.5% of the stated maximum.
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Ownership Cap Raised to 9.99%
A letter agreement dated October 15, 2026 lifted C/M's beneficial ownership limitation from 4.99% to 9.99%, permitting larger purchases per tranche and faster dilution.
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Going Concern and NYSE Deadline Loom
The auditor's going-concern paragraph continues, stockholders' equity was negative $15.3M at December 31, 2025, and the company must regain NYSE American compliance by January 29, 2027 or face delisting.
Analysis · EDVA · Manufacturing
This resale registration covers the next tranche of Endovia's equity line with C/M Capital Master Fund; the company sells no shares today and receives nothing from the selling holder's resales. The headline $29.8M remaining capacity is largely illusory: the filing itself says that at current market prices the 1,013,041 registered shares would raise only about $150,000, against a $0.1493 last sale on October 22, 2026. Why it matters: the company carries a going-concern opinion, negative stockholders' equity of $15.3M, a NYSE American compliance deadline of January 29, 2027, and roughly $4.7M owed to creditors — the equity line is its main lifeline, and it is dripping in small amounts. Under the October 15, 2026 amendment, C/M's ownership cap rises from 4.99% to 9.99%, letting the fund absorb more stock per tranche and speeding dilution into a stock already trading near the $0.10 delisting threshold.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 30.5% of the 1494 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.03%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, EDVA was trading at $0.17 on NYSE in the Manufacturing sector, with a market capitalization of approximately $1.9M. The 52-week trading range was $0.13 to $13.40. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.