Hindsight Markets Recaps Small-cap stocks on September 17, 2026
USDE, September 17: a 424B3 prospectus and $9.48
USDE opened near its previous close after a 424B3 prospectus, then ran to $9.48 during the session.
What happened
Before the open
The news came first: a 424B3 prospectus at 8:02 a.m. Before the bell it reached $6.80, on 295K shares.
The open
It opened near its previous close, at $6.61. It ran to $9.48 by 10:22 a.m.
The close
It closed at $7.70, 19% under its high.
What to take from it: The move came during the session, not at the open.
The details
How it traded, step by step
Intraday run. It opened up 6.6% at $6.61, then ran from the open to the high of $9.48 in 52 minutes.
| Time (ET) | What happened |
|---|---|
| 8:00 a.m. | SEC filing 8-K: CURRENT REPORT |
| 8:02 a.m. | SEC filing 424B3: PROSPECTUS SUPPLEMENT |
| 9:25 a.m. | Pre-market high, $6.80 |
| 9:30 a.m. | The open: $6.61, up 6.6% from the previous close |
| 9:58 a.m. | First trade 20% above the previous close of $6.20 |
| 10:22 a.m. | High of the day to the close, $9.48 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $7.70, 18.8% below the high |
The shape's name comes from a fixed rule, not a judgement (how shapes are named). Halts are in the halt table below.
The day in numbers
- Previous close
- $6.20
- Open, 9:30 a.m.
- $6.61
- Gap at the open
- +6.6%
- Pre-market high
- $6.80 at 9:25 a.m.
- High, 4 a.m. to 4 p.m.
- $9.48 at 10:22 a.m.
- Low, 4 a.m. to 4 p.m.
- $5.63
- Close, 4 p.m.
- $7.70
- Change at 4 p.m.
- +24.1%
- After-hours high, 4 p.m. to 8 p.m.
- $8.40 at 7:58 p.m.
- Volume, 4 a.m. to 4 p.m.
- 6.10 million
- Volume after hours, 4 p.m. to 8 p.m.
- 128,809
- Relative volume by 8 p.m.
- 1.4×
- Float
- 14.06 million shares, from filings as of September 17, 2026
- Shares outstanding
- 24.03 million
- From news to the move: the first trade 20% above the previous close came 1 hour 55 minutes after the latest SEC filing before it (424B3, 8:02 a.m.).
- Volume, from the one-minute bars: 294,567 shares before the 9:30 a.m. open (5%), 528,959 in the first 30 minutes (8%), and 5.41 million in the rest of the day to 8 p.m. (87%).
- Other days USDE met the small-cap rule in our recaps: 6, the latest on September 21, 2026.
On the day's lists: the intraday runners. It is here because it was in play on the intraday runners: up 30% or more on $3 million or more really traded, outside the small-cap rule's price, relative volume or float, its high reached $1 or more and it started the day at $20 or under (the rule every page uses).
Halts (none)
The exchange's halt feed shows no halts for USDE that day.
Halt bands that day: the LULD plan's Amendment 18 rules (what that means, LULD calculator).
How we read the data, name a day's shape and pick the stocks: methodology.
Trade this day
Replay USDE on September 17, 2026 in Hindsight Markets: the real tape, the order book and the halts, on a clock you control, and see where your orders would have filled.