STA updates IPO dilution metrics; net proceeds remain $31.5M

Filed July 13, 2026 · Compared to S-1/A Jun 9, 2026 · ~1 min read

Key Changes

• medium

  Historical net tangible book deficit per share widened to $0.09 from $0.03, reflecting a higher share count before the offering.

  Dilution verify on EDGAR →
• medium

  Common stock subscriptions issued at the time of the offering jumped to 360,990 shares from 29,319, increasing post-offering share count and reducing new investors' ownership to 13.25%.

  Dilution verify on EDGAR →
• medium

  Underwriter name Revere Securities LLC was removed from the cover page, possibly signaling a change in underwriting arrangements.

  Offering verify on EDGAR →