Dilution profile // every instrument, one screen, from SEC filings

Alto Ingredients, Inc. (ALTO)

CIK 778164 · all EDGAR filings →

Overall dilution risk
HIGHworst of 4 computed sub-ratings (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
HIGH$150M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
registered capacity, not remaining: amounts already taken down are not subtracted yet
Overhead supply
LOWwarrants = 11% of O/S
= warrant shares outstanding divided by current shares outstanding (bands: 20% / 50%)
warrants only; converts, ATMs and equity lines are not in free structured data, so the true overhead is AT LEAST this
Historical dilution
LOW+2% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
a reverse-split-sized cliff is in this window; read the chart
Cash need
LOWoperating cash flow positive
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2020-11-132026-08-06

Latest: 77.6M shares as of Aug 6, 2026 (10-Q).

⊙
EVIDENCE — filed/published fact
SourceSEC XBRL, cover-page share count
Fielddei:EntityCommonStockSharesOutstanding
As of2026-08-06
HowThe newest cover-page count as filed, whatever its age. The float checker applies a 200-day freshness rule and sets this beside the balance-sheet count.
Open the source document →
Share count fell from 153.2M to 10.9M between Mar 26, 2013 and May 14, 2013, a pattern consistent with a reverse split (roughly 1-for-14); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

Self-funding

profitable · generates cash

Full breakdown: cash runway tool · source filing →

Warrants

Warrants outstanding: 8.9M underlying shares, as reported Dec 31, 2021 (10-K).

Reported exercise price: $9.76 (aggregate figure as tagged; individual tranches vary).

Balance-sheet fair value of warrants: $651,000 as of Dec 31, 2016.

Rough fully diluted estimate: 86.5M = 77.6M O/S + 8.9M warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.

Convertible notes

No convertible-note facts tagged in the 10-Q filed Aug 7, 2026. If convertible notes exist, their terms live in exhibit prose for this filer and are not parsed; absence of a tag is not proof of absence. The exhibits are the ground truth.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding77.6MAug 6, 2026
+ Warrants (aggregate, as tagged) (if exercised)8.9MDec 31, 2021
Fully diluted estimate86.5M+11.5% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

Registered offering capacity on live registrations: $150.0Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3May 8, 2026$150.0M registeredfiling →

Last 12 months: 1 executed · 1 registered.

EXECUTEDAug 5, 2026Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EFFECTIVEMay 22, 2026SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDMay 8, 2026S-3 registration — capacity to sell shares, not a sale yetS-3 →
EFFECTIVEJul 5, 2023SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDJun 23, 2023S-3 registration — capacity to sell shares, not a sale yetS-3 →
UPDATEDec 13, 2022Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVEDec 12, 2022SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDNov 29, 2022S-3 registration — capacity to sell shares, not a sale yetS-3 →
EXECUTEDNov 14, 2022Unregistered share sale disclosed (8-K item 3.02)8-K →
UPDATENov 30, 2020Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVENov 27, 2020SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDNov 20, 2020S-3 registration — capacity to sell shares, not a sale yetS-3 →

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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