OBSERVATIONAL SIGNAL ONLY · NOT INVESTMENT ADVICE.   Pattern recognition from public SEC filings + aggregated news. Full disclosures ↗
◆ HIDDEN GEMS LEADERBOARD

Underfollowed names. Low risk. Real catalysts.

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.

Universe: 426 Candidates: 40 Excluded, sponsored: 4 · large-cap: 20 · no real catalyst: 325 Generated: 07:45 UTC · Sep 18, 2026
How Gem Score is calculated

gem_score = catalyst_strength × (1 − dilution_risk/100) × (1 − promotion_risk/100)

Catalyst Strength (0-100):

  • +40 for 8-K item 1.01 (material agreement) in last 30 days
  • +40 for 8-K item 2.01 (acquisition/disposition) in last 30 days
  • +35 for 8-K item 2.02 (earnings release) in last 30 days
  • +35 for 8-K item 5.01 (change of control) in last 30 days
  • +30 for multi-source news coverage (≥3 distinct sources, last 14 days)
  • +10 bonus for ≥5 distinct news sources

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.

#1
$SGMO
SANGAMO THERAPEUTICS, INC
$29M · Biotechnology · OTC
85.1
Gem Score
Strong Signal
100Catalyst
1Dilution
14Promo
Evidence
Acquisition/disposition (2.01) 2026-09-08 SEC ↗
Material agreement (1.01) 2026-08-28 SEC ↗
Material agreement (1.01) 2026-06-23 SEC ↗
#2
$ATDS
Data443 Risk Mitigation, Inc.
$131K · Technology · OTC
81.1
Gem Score
Strong Signal
88Catalyst
3Dilution
5Promo
Evidence
Material agreement (1.01) 2026-09-02 SEC ↗
Material agreement (1.01) 2026-07-20 SEC ↗
Material agreement (1.01) 2026-07-20 SEC ↗
#3
$BUKS
BUTLER NATIONAL CORP
$264M · Aerospace & Defense · OTC
77.8
Gem Score
Strong Signal
96Catalyst
9Dilution
11Promo
Evidence
Earnings release (2.02) 2026-09-11 SEC ↗
Material agreement (1.01) 2026-08-20 SEC ↗
Earnings release (2.02) 2026-07-08 SEC ↗
SeekingAlpha · "Butler National Corporation: Undervalued In Relation To Peers"
#4
$CNVS
Cineverse Corp.
$51M · Media · OTC
73.0
Gem Score
Strong Signal
82Catalyst
11Dilution
0Promo
Evidence
Material agreement (1.01) 2026-09-04 SEC ↗
Earnings release (2.02) 2026-08-13 SEC ↗
Earnings release (2.02) 2026-06-26 SEC ↗
#5
$APCX
AppTech Payments Corp.
$11M · Financial Services · OTC
64.9
Gem Score
Moderate Signal
72Catalyst
9Dilution
1Promo
Evidence
Material agreement (1.01) 2026-08-14 SEC ↗
Material agreement (1.01) 2026-07-21 SEC ↗
Material agreement (1.01) 2026-07-02 SEC ↗
#6
$APCXW
AppTech Payments Corp.
? · other · OTC
64.9
Gem Score
Moderate Signal
72Catalyst
9Dilution
1Promo
Evidence
Material agreement (1.01) 2026-08-14 SEC ↗
Material agreement (1.01) 2026-07-21 SEC ↗
Material agreement (1.01) 2026-07-02 SEC ↗
#7
$CENN
Cenntro Inc.
$11M · Automobiles · Nasdaq
61.4
Gem Score
Moderate Signal
80Catalyst
20Dilution
4Promo
Evidence
Material agreement (1.01) 2026-09-17 SEC ↗
Material agreement (1.01) 2026-08-31 SEC ↗
Benzinga · "Cenntro Increases Private Placement To 15,120,000 Shares At $3.773 Per Share For Gross Proceeds Of ~$57,047,760"
#8
$CRMT
AMERICAS CARMART INC
$15M · Retail · Nasdaq
58.3
Gem Score
Moderate Signal
100Catalyst
13Dilution
33Promo
Evidence
Material agreement (1.01) 2026-09-11 SEC ↗
Earnings release (2.02) 2026-09-09 SEC ↗
Material agreement (1.01) 2026-09-04 SEC ↗
Earnings release (2.02) 2026-07-14 SEC ↗
Material agreement (1.01) 2026-06-25 SEC ↗
Multi-source news coverage (3 sources, 18 items) 14d window NEWS
Yahoo · "Winners And Losers Of Q2: America's Car-Mart (NASDAQ:CRMT) Vs The Rest Of The Vehicle Retailer Stocks"
#9
$AETN
AETERNUM HEALTH, INC.
? · other · OTC
55.9
Gem Score
Moderate Signal
69Catalyst
12Dilution
8Promo
Evidence
Material agreement (1.01) 2026-08-13 SEC ↗
Acquisition/disposition (2.01) 2026-07-07 SEC ↗
Change of control (5.01) 2026-07-07 SEC ↗
#10
$ADIG
ADI GLOBAL DISTRIBUTION INC.
? · other · OTC
55.8
Gem Score
Moderate Signal
66Catalyst
6Dilution
10Promo
Evidence
Earnings release (2.02) 2026-08-13 SEC ↗
Material agreement (1.01) 2026-08-04 SEC ↗
Change of control (5.01) 2026-08-04 SEC ↗
#11
$INO
INOVIO PHARMACEUTICALS, INC.
$125M · Biotechnology · Nasdaq
48.4
Gem Score
Weak Signal
66Catalyst
22Dilution
6Promo
Evidence
Earnings release (2.02) 2026-08-12 SEC ↗
Material agreement (1.01) 2026-07-31 SEC ↗
Earnings release (2.02) 2026-07-29 SEC ↗
Yahoo · "Precigen Gains 43% in 3 Months: Is It an Indication to Buy the Stock?"
#12
$CWBHF
Charlotte's Web Holdings, Inc.
$122M · Pharmaceuticals · OTCQX
48.3
Gem Score
Weak Signal
61Catalyst
14Dilution
8Promo
Evidence
Material agreement (1.01) 2026-08-20 SEC ↗
Earnings release (2.02) 2026-08-13 SEC ↗
#13
$BSTR
BSTR Holdings, Inc.
? · other · OTC
47.3
Gem Score
Weak Signal
64Catalyst
23Dilution
4Promo
Evidence
Material agreement (1.01) 2026-08-21 SEC ↗
Material agreement (1.01) 2026-07-10 SEC ↗
#14
$CEROW
CERO THERAPEUTICS HOLDINGS, INC.
? · other · OTC
46.6
Gem Score
Weak Signal
88Catalyst
47Dilution
0Promo
Evidence
Material agreement (1.01) 2026-08-31 SEC ↗
Material agreement (1.01) 2026-07-17 SEC ↗
Material agreement (1.01) 2026-06-26 SEC ↗
#15
$BRLL
Barrel Energy Inc.
$456M · Metals & Mining · OTC
45.5
Gem Score
Weak Signal
64Catalyst
26Dilution
4Promo
Evidence
Material agreement (1.01) 2026-08-27 SEC ↗
Material agreement (1.01) 2026-08-11 SEC ↗
#16
$AASP
Agassi Sports Entertainment Corp.
$72M · Energy · OTC
44.5
Gem Score
Weak Signal
96Catalyst
39Dilution
24Promo
Evidence
Material agreement (1.01) 2026-08-10 SEC ↗
Material agreement (1.01) 2026-07-30 SEC ↗
Material agreement (1.01) 2026-07-02 SEC ↗
Material agreement (1.01) 2026-06-25 SEC ↗
#17
$BHLL
Bunker Hill Mining Corp.
$196M · Metals & Mining · OTC
40.7
Gem Score
Weak Signal
80Catalyst
18Dilution
38Promo
Evidence
Material agreement (1.01) 2026-08-25 SEC ↗
Material agreement (1.01) 2026-08-24 SEC ↗
#18
$AVHHL
AVITA Medical, Inc.
$347M · Biotechnology · OTC
39.7
Gem Score
Weak Signal
45Catalyst
10Dilution
2Promo
Evidence
Material agreement (1.01) 2026-08-11 SEC ↗
Earnings release (2.02) 2026-08-06 SEC ↗
SeekingAlpha · "AVITA Medical, Inc. (RCEL) Presents at Morgan Stanley 24th Annual Global Healthcare Conference Transcript"
#19
$ADIA
Adia Nutrition, Inc.
$11M · Consumer products · OTC
38.8
Gem Score
Weak Signal
40Catalyst
3Dilution
0Promo
Evidence
Material agreement (1.01) 2026-08-24 SEC ↗
Yahoo · "Adia Med Submits Fifth 2026 Clinical Study to IRB: Osteoarthritis Protocol for One-Time Systemic Treatment"
#20
$TLRY
Tilray Brands, Inc.
$537M · Pharmaceuticals · Nasdaq
38.0
Gem Score
Weak Signal
51Catalyst
24Dilution
2Promo
Evidence
Earnings release (2.02) 2026-07-28 SEC ↗
Multi-source news coverage (3 sources, 15 items) 14d window NEWS
Yahoo · "10 Barrel Brewing Turns 20 with a Bend Birthday Bash Packed with Beer, Bands and Throwback Fun"
#21
$ATCHW
AtlasClear Holdings, Inc.
? · other · OTC
35.7
Gem Score
Weak Signal
40Catalyst
8Dilution
3Promo
Evidence
Material agreement (1.01) 2026-09-16 SEC ↗
Yahoo · "AtlasClear Holdings Reports Preliminary Fiscal 2026 Revenue of Approximately $20.1 Million, Up 85%; Revenue Plus Interes"
#22
$WKHS
Workhorse Group Inc.
$35M · Automobiles · Nasdaq
35.6
Gem Score
Weak Signal
45Catalyst
11Dilution
11Promo
Evidence
Earnings release (2.02) 2026-08-13 SEC ↗
Material agreement (1.01) 2026-08-12 SEC ↗
#23
$BCLI
KIORA PHARMACEUTICALS INC
$11M · Biotechnology · OTC
34.1
Gem Score
Weak Signal
45Catalyst
12Dilution
14Promo
Evidence
Material agreement (1.01) 2026-08-19 SEC ↗
Earnings release (2.02) 2026-08-07 SEC ↗
#24
$IQST
iQSTEL Inc
$11M · Telecommunication · OTCQX
34.0
Gem Score
Weak Signal
45Catalyst
9Dilution
17Promo
Evidence
Earnings release (2.02) 2026-07-16 SEC ↗
Material agreement (1.01) 2026-07-10 SEC ↗
Yahoo · "IQST - IQSTEL Digital Models an Illustrative $14.4 Million to $21.6 Million in Annualized Consumer Billings at 300,000 A"
#25
$BYNO
byNordic Acquisition Corp
$92M · N/A · OTC
32.3
Gem Score
Weak Signal
40Catalyst
6Dilution
14Promo
Evidence
Material agreement (1.01) 2026-09-14 SEC ↗
Yahoo · "byNordic Acquisition Corporation Announces Extension of Deadline to Complete Business Combination"
#26
$BYNOU
byNordic Acquisition Corp
$92M · N/A · OTC
32.3
Gem Score
Weak Signal
40Catalyst
6Dilution
14Promo
Evidence
Material agreement (1.01) 2026-09-14 SEC ↗
#27
$BYNOW
byNordic Acquisition Corp
? · other · OTC
32.3
Gem Score
Weak Signal
40Catalyst
6Dilution
14Promo
Evidence
Material agreement (1.01) 2026-09-14 SEC ↗
Yahoo · "byNordic Acquisition Corporation Announces Extension of Deadline to Complete Business Combination"
#28
$AVAT
Avalanche Treasury Corp
$39M · Financial Services · OTC
31.3
Gem Score
Weak Signal
59Catalyst
31Dilution
23Promo
Evidence
Earnings release (2.02) 2026-08-26 SEC ↗
Material agreement (1.01) 2026-07-16 SEC ↗
#29
$BXCAP
BOX INC
? · other · OTC
31.2
Gem Score
Weak Signal
35Catalyst
9Dilution
2Promo
Evidence
Earnings release (2.02) 2026-08-25 SEC ↗
Yahoo · "Box's 2026 Outlook: AI-Driven Workflow Adoption Solidifies Enterprise Competitive Moat"
#30
$BODYW
Beachbody Company, Inc.
? · other · OTC
30.4
Gem Score
Weak Signal
45Catalyst
29Dilution
5Promo
Evidence
Earnings release (2.02) 2026-08-10 SEC ↗
Material agreement (1.01) 2026-08-06 SEC ↗

Frequently asked questions

What is the Hidden Gems Leaderboard?

A free daily ranking of underfollowed OTC and small-cap companies scored on catalyst strength, dilution risk, and SEC filing patterns.

How are hidden gems scored?

Each candidate gets a daily gem score combining catalyst signals, dilution and promotion risk, and recent EDGAR filing activity. Research, not a recommendation.

Is it free?

Yes, free with no account.

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