I would speculate the additional shares are one or the other, the new news about the lack of progression of the degeneration is huge news!
The fact the SEC deal has to be resolved before uplisting is great news!
More to the good side than bad!
Perhaps you are corrwect!
I onlyfigure it does not make much seense to announce a RS and also an increase in the float of a billion shares!
Likely it is necessary to fend off unwanted advances or to have the ability to bring in a major player as a partner!