read the reversal:
hold supply
enter the offering
flip the gate: shelf shares and exercised warrants flush into the thin float, and the pop round-trips.
TWG dilution plumbing: F-3 shelf and Series A/B warrants gated into a thin float
supply reservoir
F-3 shelf
Feb 2026
$200M shares
Warrants A/B
$7.00 exercise
Dec 2025 offering
720K units
$5.04M gross
2
gate
thin float · TWG
Nasdaq · low float
pop holds
+266% one-day
−70% once priced
low float
foreign private issuer
1
retail attention
thin tape amplifies upside
4
thin tape speeds
the reversal
5
6
+266% up
pop
round-trip
supplies meet float
−70% down
reversal