AtomBeam Splits Stock 5-for-1 After $15.2 Million StartEngine Raise

AtomBeam Technologies Inc., a Moraga, California developer of data-compaction software, reported in a Form 1-U filed November 4, 2026 that it split its common stock five-for-one effective October 30 and raised its authorized common stock from 40,000,000 to 200,000,000 shares (accession 0001104659-26-122605). The split follows the close of the company's Regulation A offering on StartEngine on September 17, which raised $15,199,035 in preliminary gross proceeds, according to its semiannual report.

What the filings show

The offering, launched January 30, 2026, targeted about $21 million. Its circular priced shares at $15.00, which is $3.00 a share on a split-adjusted basis, before the 3.5% processing fee and any bonus shares. A split changes the share count, not what a holding is worth, and the authorization rose by the same multiple.

• —Oct. 30, 2026: certificate of amendment filed in Delaware; each outstanding and treasury share of common stock becomes five; authorized common stock 40,000,000 to 200,000,000 (Exhibit 2.1)
• —Sept. 17, 2026: Regulation A Tier 2 offering closed; preliminary gross proceeds $15,199,035, 1,162,402 shares issued, $13,461,649 disbursed to the company (Form 1-SA, subsequent events)
• —Proceeds about $9,013,800 by June 30, 2026 and about $6,185,235 more from June 30 to the close (Form 1-SA)

The finances and the auditor change

The semiannual report shows a net loss of $6,311,891 for the six months to June 30, 2026, $6,464,485 of cash used in operations and $2,519,514 in cash at June 30, before the roughly $6.19 million raised after that date. The company states that these factors raise substantial doubt about its ability to continue as a going concern.

The board dismissed Forvis Mazars as auditor on September 28, 2026 and appointed Armanino LLP for 2026, the same day the company filed the semiannual report restating its 2025 interim results; Forvis Mazars had advised that internal control over financial reporting was not effective at the end of 2025 and 2024. AltStreet covered the dismissal, the restatement and the control weaknesses on October 5.

What the filings do not show

Absent from the record: the reason for the split, the final offering total once the preliminary figure is settled, and the company's cash after June 30. Question for a potential investor: what cash does AtomBeam hold today, and how long does the company expect it to fund operations?