Guerrilla RF pro forma liabilities fall to $14.68 million on warrant reclassification
GUER•Guerrilla RF’s September 30, 2026, pro forma balance sheet shows liabilities of $14.68 million, down from $25.74 million after $11.06 million of warrant liabilities were reclassified to equity.
1. Liabilities reclassified
The reclassification reduced current liabilities to $5.52 million from $16.58 million. Preferred stock conversion and the warrant reclassification lifted stockholders’ equity to $8.65 million from a $22.45 million deficit, while total assets remained unchanged at $23.33 million.

