Fabric.AI - FABC has an inverted float - 1.69m short per NASDAQ on 1.45m public float. Cash $7 per share w/ no debt. James Altucher on board

Fabric.AI, Inc. (NASDAQ: FABC) | June 29, 2026

Summary

• FABC's true public float is approximately 1.45 million shares but NASDAQ's June 25 short interest report shows 1.695 million shares sold short . The float is mathematically inverted.
• FABC has been on the NASDAQ Reg SHO Threshold (Failure to Deliver) List for 40+ consecutive trading days, with estimated daily FTDs averaging over 100,000+
• The cost to borrow has surged to over 138%, and locates are nearly impossible with retail
• Like Volkswagen inverted float situation in 2008 but $15m market cap instead of $200B
• Reported short interest just jumped another 20% from already record levels now representing roughly 35% of currently reported shares outstanding (4.2m)
• The lock-up on April's Reg D private placement means virtually none of the new shares can trade until the earlier of SEC approval of unfiled S-3 or six months (October 2026)
• The company has approximately $30 million in cash, institutional backing, and a legitimate AI semiconductor technology story with a $73 billion TAM by 2030.
• When S-3 gets filed, has usually taken SEC several weeks to give notice of effectiveness
• Stock up 30+% today on below avg volume. It appears not many know about this yet.