PFSA traded roughly 83x its post-split shares outstanding today — would anyone actually have held through ten halts?
Stock Pulse flagged AIXC around 10:06 ET at $1.78. It had already been halted five times by then, and another halt started almost immediately after the alert.
It eventually reached $3.14 at 10:54, roughly 76% above the alert. Getting there meant sitting through a frankly ridiculous number of volatility halts, though. I counted 24 throughout the day.
There was real news. AIXC says it is exiting its crypto-treasury strategy and pivoting toward commercial robot rentals. Its RoboShare subsidiary completed its first paid order: six robots used at an event in Malibu, with a ten-city rollout apparently planned.
I read the actual filing, and the part that gives me pause is that it never says how much the customer paid. The company also acknowledges that repeat demand and unit economics still need to be proven.
Filing: https://www.sec.gov/Archives/edgar/data/1460702/000149315226038912/ex99-1.htm
So yes, it was a legitimate first transaction. But "first paid order" sounds considerably bigger before you realize it was one event and the revenue was not disclosed.
Real beginning of a business, or just a very effective press release?