ALP$3.280.00%
Alpha Compute Corp
Sector: Finance ServicesIndustry: Information Technology ServicesCountry: USExchange: Nasdaq
Mkt Cap:$5.08M
Float & O/S:
Inst Own:
DilutionScan read 40 of Alpha Compute Corp's SEC filings and found 8 warrant series, 6 ATM programs, 4 shelf registrations, 1 S-1 registration and 3 completed offerings on file for ALP. The latest dilution event on file is an offering on May 27, 2026. Analysis updated Oct 6, 2026.
Signal8 Summary
ALP
Going-concern warning, cash nearly gone
Snapshot
Alpha Compute just pivoted from biotech to AI infrastructure and booked its first-ever revenue, $97,000, in fiscal 2026. Against that, it lost $38.6 million and burned $30.9 million in free cash flow, while holding only $1.8 million in cash.
What's Happening Right Now
- : The board approved a 1-for-50 reverse split effective Sep 8, 2026, cutting shares outstanding from about 77.5 million to roughly 1.55 million to help regain Nasdaq compliance.
- : On Aug 31, 2026, Nasdaq granted a second 180-day period, until Mar 1, 2027, for the stock to regain the $1.00 minimum bid price, with the CEO citing the completed reverse split as one tool used.
- : On Sep 10, 2026, Alpha Compute amended its Pennsylvania data center term sheet to add $47 million in seller financing, reducing cash due at closing to $8 million of the $55 million purchase price, though the site remains greenfield and unpermitted.
- : On Sep 8, 2026, the company disclosed it must restate its FY2026 financials for material administrative errors, though total revenue, net loss, and cash flows are unaffected.
- : On Aug 11, 2026, Alpha Compute signed a binding term sheet to acquire Pennsylvania mineral and surface assets for a planned 200 MW natural gas-powered data center campus, expandable to 1 GW.
