{"version":"1.0","type":"card","id":"12dcccfe-a16c-4a02-9c49-954b75f26c53","url":"https://stacklist.com/card/12dcccfe-a16c-4a02-9c49-954b75f26c53","title":"Nscale — Form S-1 (SEC EDGAR, September 18 2026)","source_url":"https://www.sec.gov/Archives/edgar/data/0002110365/000119312526395475/ck0002110365-20260918.htm","note":"The one company this week with no say over which number it published: a $1.02B net loss against $140.6M of revenue, alongside a company-defined ~$103B order book and $56.4B of booked obligations.","image":{"url":"https://ucarecdn.com/15994124-1dc1-4884-a9bd-064ea110de30/","alt":"Nscale — Form S-1 (SEC EDGAR, September 18 2026)","width":1280,"height":800},"stack":{"id":"0646d51e-dad0-4c1e-a033-869814d86f1c","title":"Signals Served #029 — The Cost of Capital Moved Somewhere Else","url":"https://stacklist.com/c/finance/stack/0646d51e-dad0-4c1e-a033-869814d86f1c"},"created_at":"2026-09-21T22:44:41.176Z","updated_at":null,"aco":{"summary":"Nscale Limited filed a Form S-1 registration statement with the SEC on September 18, 2026, seeking to register securities for a public offering. The England and Wales-incorporated company is classified as a smaller reporting company and emerging growth company.","tags":["sec-filing","form-s1","ipo","nscale","registration-statement","uk-company","emerging-growth"],"key_entities":[{"name":"Nscale Limited","type":"organization","confidence":0.99},{"name":"Securities and Exchange Commission","type":"organization","confidence":0.99},{"name":"Ian D. Schuman","type":"person","confidence":0.95},{"name":"Michael Benjamin","type":"person","confidence":0.95},{"name":"Jennifer Engelhardt","type":"person","confidence":0.95},{"name":"Adam J. Gelardi","type":"person","confidence":0.95},{"name":"Phoebee Gahan","type":"person","confidence":0.95},{"name":"Rod Miller","type":"person","confidence":0.95},{"name":"David Dixter","type":"person","confidence":0.95},{"name":"Jaime E. Ramirez","type":"person","confidence":0.95},{"name":"Latham & Watkins LLP","type":"organization","confidence":0.98},{"name":"Milbank LLP","type":"organization","confidence":0.98},{"name":"London","type":"location","confidence":0.99},{"name":"Houston, Texas","type":"location","confidence":0.99},{"name":"England and Wales","type":"location","confidence":0.99},{"name":"Form S-1 Registration","type":"event","confidence":0.98}],"classification":"reference","language":"en","confidence":0.85,"provenance":{"model":"claude-haiku-4-5","tool":"@stacklist/be@0.1.0","confidence":0.85,"timestamp":"2026-09-21T22:44:47.803Z"},"token_counts":{"approximate":18908,"cl100k":15093},"content_hash":"sha256:3434638c656b916eb57ad69252d4495c99b042f7bcb49cb1b276df13bf2d411a","acp_version":"0.2","body_available":true,"body_tokens":18908,"visibility":"public","agent_accessible":true,"status":"final"},"_links":{"self":"/api/public/card/12dcccfe-a16c-4a02-9c49-954b75f26c53.json","html":"https://stacklist.com/card/12dcccfe-a16c-4a02-9c49-954b75f26c53","md":"/api/public/card/12dcccfe-a16c-4a02-9c49-954b75f26c53.md","stack_json":"/api/public/stack/0646d51e-dad0-4c1e-a033-869814d86f1c.json"}}