patterns / quiet_raise
credit thesisan SH01 share allotment in the last 24 months while net assets kept falling — rescue equity going in: 4.0× on non-bank credit AND 3.6× on an external sale (rare — a few hundred companies at a time)
New shares issued while equity keeps shrinking is rescue money going in — usually the owner's own, sometimes a quiet outside backer. It marks a company being FOUGHT FOR: 4.0× on non-bank credit, 3.6× on an external sale, 3.5× on a first-ever charge. A rare badge (a few hundred live companies), but everything it touches is in motion.
Every audience reads it differently: lenders see fresh equity cushion, buyers see an owner near the end of their own resources.
The badge is recomputed nightly across the whole index, and re-evaluated live the moment a company files — so a match is always a statement about the current register, not a stale list. Like every signal the scout raises: a prompt to look closer, never a verdict.