Why GMEX rose 29.5% on Nov 2 2026: preferred share conversion
GMEX+29.5%on Mon Nov 2 2026
GMEX ROBOTICS CORPORATION Class A Ordinary Shares was up 29.5% on the day at $1.10, ranked #1 on 295× its usual five-minute volume, when TapeRank recorded this spike at 16:42 ET during after hours.
THE DAY ON THE LIST · 1 EVENT
- 16:42 ETMOVER · AFTER-HOURS
$1.10 · ▲ 29.5% ON THE DAY · 295× 5M RVOL · RANK #1
STRETCHEDCONFIDENCE5/5GMEX rose 26.0% on the day and 18.36% in five minutes after disclosing a preferred-share conversion agreement. The filing converts securities into 10.96 million Class A shares at 23% of the prior close and adds 1,500 preferred shares, creating substantial dilution and an issuance overhang rather than a fundamental bullish catalyst.
WHYA 26% daily spike and 18% five-minute jump is far larger than the economic support of a heavily dilutive conversion priced at a 77% discount.ANALYZED 16:41 ET · 1 MIN AGO · OPENAI/GPT-5.6-LUNATHE ROW AND SESSION LEVELS AT 16:42 ET
LAST1.10DAY▲ 29.5%5 MIN▲ 21.67%5M RVOL295×5M $VOL$515KFLOAT*904KRANK#1SESSIONAFTER-HOURSVWAP1.02HOD1.15LOD0.8496OR HIGH0.8690OR LOW0.8690PREV CLOSE0.8496PM HIGH0.8690PM LOW0.8496GAP▲ 2.28%* FLOAT IS SHARES OUTSTANDING; TRUE FREE FLOAT IS NOT AVAILABLE
THE SESSION
- 09:30 ETOpened at $0.8690, +2.3% on the previous close of $0.8496
- 09:35 ETRegular-session low, $0.8572
- 15:26 ETRegular-session high, $0.9200
- 15:58 ETLast trade of the regular session, $0.9178, +8.0% on the previous close of $0.8496
- Volume: 39K shares in regular hours, 6K before the open
GMEX opened at $0.8690, slipped to a $0.8572 low shortly after the open, and then climbed through the session to a $0.9200 high before ending regular trading at $0.9178, up 8.0% from the previous close. TapeRank later recorded the stock at $1.10, up 29.5%, after the company disclosed a preferred-share conversion agreement; TapeRank tied the move to that filing, which would convert securities into 10.96 million Class A shares at 23% of the prior close and add 1,500 preferred shares, creating substantial dilution and an issuance overhang.
WRITTEN MON NOV 2 2026 20:00 ET BY OPENAI/GPT-5.6-LUNA FROM THE FACTS ON THIS PAGE
FILINGS AND NEWS · 24H BEFORE THE MOVE
- 16:37 ET6-K — Foreign issuer reportSEC 6-K
On the tape right now
WHERE THE LIST STOODWED NOV 4 2026 · 13:49 ETRECORDED LIVE · 742 QUALIFY
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