Small- and micro-cap tickers (under $1B market cap) where dilution risk is low, promotion patterns are absent, and EDGAR filings show material activity — the rare combination that defines an asymmetric opportunity. Updated nightly from SEC EDGAR + aggregated news.
gem_score = catalyst_strength × (1 − dilution_risk/100) × (1 − promotion_risk/100)
Catalyst Strength (0–100):
Filters applied: Market cap < $1B · Sponsored tickers excluded · Must have at least one real EDGAR catalyst (1.01 / 2.01 / 2.02 / 5.01) · Minimum catalyst strength: 30
Dilution Risk tracks S-1/S-3/F-1/F-3 (8pts), 424B prospectus (5pts), 8-K item 3.02 unregistered issuance (6pts), proxies (4pts), 10-Q (3pts) — weighted by recency (180 day window).
Promotion Risk tracks 8-K item 7.01 Reg FD (5pts), 8-K item 8.01 Other Events (4pts), 6-K (6pts), DEFA14A (3pts) — with a +15 spike bonus for abnormally high recent 8-K cadence.