Harness clears 25.2% below Series E. The common bid is $19.68: September 2, 2026

Harness's secondary signal sits below its latest preferred round. Forge shows a $19.00 derived mark versus $25.39 Series E, a 25.2% gap. The visible order book adds a direct common bid at $19.68 for 2,500 shares ($49,200) and an SPV preferred ask at $20.40 for 1,000 shares ($20,400). 1

Why do the book's two live numbers differ? The $0.72 gap is 3.7% from the common bid to the preferred ask, but opposite sides of the book and different securities make this an observed queue gap rather than a matched preferred-to-common spread. Forge shows about $6.96M across nine asks while total bids remain masked. 1

Series E priced preferred stock at $25.39 per share in a $200M raise and a $5.5B post-money valuation. Forge lists 1.3x liquidation preference, a 13.0% cumulative dividend, participation, a 1000 cap, and 1.0x conversion. Forge also lists Tender Offer 1 on the same date with no amount or price shown. If you hold Harness common options: your observable buyer number is $19.68. The $25.39 Series E price belongs to preferred stock, and the $20.40 ask belongs to an SPV preferred position. Forge's page leaves the tender price, matched trade price, and complete common-share history undisclosed. The $19.00 figure is an indicative derived mark, so the bid is a live order example rather than a guaranteed close. 1