The simple answer is the float=the OS minus restricted stock...unregistered shares (such as note conversions) are issued as restricted and need a lawyer's opinion letter to the TA to become free trading once the hold period is satisfied...
registered shares, such as those issued via an S-1 registration statement, are immediately free-trading upon issue...
shares are added to the OS as soon as the company issues them--whether free-trading or restricted--registered shares immediately become part of the float when issued and unregistered when the restrictive legend is removed...
my comment about the float in this case was based upon note converters, who have a client relationship with a broker, often sell ahead of delivery which can be up to 35 days--this is the reason you see some FTD's and Reg Sho threshold list entries when note converters are involved...
News 
Market Data 
Discover 
AI
