The price cap will depend on the market cap and shares issued. At 47 million shares, and $10/share that is only a 470 million dollar market cap. Look at the last 2 years IPOs, that were over 1 billion dollars, and none of that had a technology or product that could hold a candle to this one.
I think $1-$2 is possible short term, 2-6 months. That is only 47 to 94 million dollar market cap, which I seen routinely in early stage micro cap tech stocks like MVTG!