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TickerNSTM
SectorMedical - Diagnostics & Research
Mkt cap$493K
EV / EBITDA0.8×
PostureHigh Velocity
Composite62/100
LensTarget-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 912544

Novelstem International Corp.

NSTMHIGH VELOCITYFILING INTENSITY

Novelstem International Corp. reads as High Velocity (composite 62/100); pressure / disclosure signals dominate the posture this cycle · primary market Life Sciences.

Lens

Disclosed M&A capital (2023–2025)

N/A

flat

vs N/A in 2020–2022

Disclosed transactions

N/A

flat

0/3 active fiscal years in window

Buyer archetype

Selective Buyer

Acquisition use is visible but targeted.

Composite score

62

/100

High Velocity dominates · Filing Intensity

Financial snapshot
RevenueN/A
EBITDA$3M
Enterprise value$2M
EV / RevenueN/A
EV / EBITDA0.8×
P/EN/A
Cash$1K
Total debt$1M
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

46/100

Companies actively deploying disclosed capital into M&A

  • $9.6B disclosed buyer spend

Buyer Cadence

0/100

Buyer-side companies with recent filing activity

  • 126 8-Ks

Target Probability

18/100

Issuers showing target-side patterns from filings

  • 16 activism filings

Spin/Carve

51/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 5 spin pre-registrations
  • Latest event 3y ago; discounted
  • 16 activism filings

Pressure Watch

13/100

Issuers facing activism, governance, or control pressure

  • 16 activism filings
  • Latest activism 15y ago; heavily discounted

Distress Watch

44/100

Issuers showing financial-distress filing patterns

  • 10-Q 209d stale
  • 16 activism filings

Restatement Risk

50/100

Issuers with accounting-integrity flags from filings

  • 6 auditor changes
  • 17 NT late filings
  • Latest event 1.1y ago

Capital Velocity

Dominant
62/100

Issuers with the highest filing-activity intensity

  • 126 8-Ks
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $2M
  • 10-Q 209d ago
  • 4 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

No disclosed M&A capital in the 10-year window.

This issuer has not disclosed material acquisition spend or count in the last ten fiscal years.

§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Bolt On
    33%
  • Geographic Expansion
    33%
  • Horizontal Consolidation
    33%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • bolt_on
  • geographic_expansion
  • horizontal_consolidation
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

In July 2004, Baseline's business and assets were substantially increased as a result of the closing of Hollywood Media's acquisition of Studio Systems, Inc., one of our leading competitors in the entertainment industry database and information services provider business.

10-KFY2004

As a result of the acquisition, Studio Systems, Inc. became a subsidiary of Hollywood Media Corp. and its business is being integrated with Hollywood Media's Baseline/FilmTracker subsidiary.

10-KFY2004

The acquisition of CinemasOnline significantly expands our presence in Europe while complementing our existing Internet Ad Sales and Data businesses.

10-KFY2005

We acquired CinemasOnline in November 2005 and we are proceeding with our plans for development and growth of this business.

10-KFY2005
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Life Sciences

Market spend (2023–2025)
$68.3B
Market spend (2020–2022)
$107.5B
Recent vs prior
−36%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

0.8×EV / EBITDA

NSTM trades at a -15.3-turn discount to the Life Sciences peer median of 16.1×.

EV / Revenue
N/A
Net debt / EBITDA
0.5×
Peer median EV / EBITDA
16.1×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
19.1×4.7×-0.0×$45.2B$10.8B
18.8×4.3×-0.3×$20.6B$8B
13.3×3.5×-0.1×$35.5B$2.2B
13.1×1.9×-0.2×$14.1B$2.1B
Novelstem International Corp.NSTM
0.8×N/A0.5×N/AN/A

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Life Sciences. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Buyer landscape.

Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.

Likely buyers

No public buyers surface as a strong target-side fit on current signal.

Likely sellers / divestiture partners

No reciprocal divestiture / strategic-alternatives matches identified.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)252026-03-26
  • 10-Q (quarterly)572025-11-12
  • 8-K (event)1262024-01-23
  • Proxy / DEF 14A272013-11-18
  • Activism (13D / DFAN / PREC)162011-03-25

Signals on file

  • elevated

    Auditor change

    2024-01-23

    6 Item 4.01 filings on file; certifying accountant change.

  • watch

    Late-filing notice

    2025-05-15

    17 NT 10-K/10-Q filings on file.

  • elevated

    Spin registration

    2023-06-28

    5 Form 10-12 filings on file; pre-spin registration.

  • elevated

    Activism on file

    2011-03-25

    16 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

  • info

    Signal

    Spin/Carve candidate

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

Novelstem International Corp.: Issuer Brief | SE-Cluster