FIEE FiEE, Inc.
Price Chart
Executive Summary
FiEE's Form S-3 shelf registration (File No. 333-296351) became effective on June 10, 2026. This allows the company and selling stockholders to offer up to $30,000,000 in securities (common stock, preferred stock, warrants, units) and 494,476 shares for resale by selling stockholders. The effectiveness creates a potential dilution overhang, particularly concerning given the company's going-concern qualifications from its auditors.
Actionable Insight
The shelf effectiveness removes the last barrier for FiEE to raise capital. Given the going-concern qualifications and the stock's 28% decline since the initial S-3 filing, the company is likely to tap the shelf soon. Traders should watch for a prospectus supplement announcing a takedown, which would likely pressure the stock further. The resale of 494,476 shares by selling stockholders adds additional overhang.
Key Facts
- Effectiveness date: June 10, 2026 for S-3 shelf registration (File No. 333-296351).
- Shelf allows up to $30,000,000 in securities (common stock, preferred stock, warrants, units) to be sold from time to time.
- Resale prospectus covers 494,476 shares of common stock held by selling stockholders.
- Company's most recent 10-Q shows revenue of $2.12M and net income of $351,516, but both independent auditors included going-concern qualifications.
- Stock closed at $5.20 on May 28, 2026, down from $7.18 on April 29, 2026.
- Market cap is approximately $35M with a public float of ~$18.8M (non-affiliates).
Financial Impact
Potential dilution of up to $30M in new securities, representing up to ~86% of current market cap. The 494,476 resale shares represent ~5.9% of outstanding shares at the May 28 price.
Risk Factors
- Imminent capital raise via shelf takedown could dilute existing shareholders significantly.
- Selling stockholders may begin disposing of their 494,476 shares, creating selling pressure.
- Going-concern qualifications from auditors suggest fundamental business risk.
- Stock price has already declined 28% since initial S-3 filing on April 30.
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| EFFECT Filing (Primary) | 9999999995-26-001947 |
| Document: 9999999995-26-001947-index.html | 9999999995-26-001947 |
| Document: 9999999995-26-001947.txt | 9999999995-26-001947 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 12, 2026
1d ago
|
EFFECT
| $4.13 awaiting T+5 | awaiting T+5 | — | $4.43 (−7.26%) |
|
Jun 11, 2026
2d ago
|
EFFECT
| $4.13 awaiting T+5 | awaiting T+5 | — | $4.43 (−7.26%) |
|
May 22, 2026
21d ago
|
S-3/A
| $5.89 $5.15 | ▲ +12.56% | ▲ +13.78% | $4.43 (+24.79%) |
US Market Status
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