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

Atlas Lithium Corp (ATLX)

CIK 1540684 · all EDGAR filings →

Overall dilution risk
HIGHworst of 4 computed signals (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
HIGH$75.0M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
one or more live registrations had no structured fee data, so the true total is AT LEAST this
Overhead supply
HIGHwarrants = 51% 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
HIGH+204% 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
MEDIUM~18.6 months of runway
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)
the company itself flagged going-concern doubt

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

2020-08-122026-05-04

Latest: 29.5M shares as of May 4, 2026 (10-Q). Share count fell from 12.80B to 69.7M between Nov 17, 2016 and Jun 1, 2017, a pattern consistent with a reverse split (roughly 1-for-184); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

Going-concern warning

auditor flagged substantial doubt

The company itself flagged going-concern doubt in a filing.

Full breakdown: cash runway tool · source filing →

Warrants

Warrants outstanding: 15.0M underlying shares, as reported Apr 9, 2021 (10-Q).

Reported exercise price: $7.5 (aggregate figure as tagged; individual tranches vary).

Balance-sheet fair value of warrants: $19,675 as of Dec 31, 2021.

Rough fully diluted estimate: 44.5M = 29.5M O/S + 15.0M 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

NotePrincipalCarryingConv. priceRateIf converted
Convertible Promissory Note Onenot tagged$10.0Mnot tagged
Convertible Promissory Notenot tagged$28.2256.5%

Notes exactly as the company dimensioned them in its 10-Q filed May 7, 2026. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay 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 outstanding29.5MMay 4, 2026
+ Warrants (aggregate, as tagged) (if exercised)15.0MApr 9, 2021
Fully diluted estimate44.5M+50.9% 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: $75.0Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3Aug 22, 2025$75.0M registeredfiling →
S-3Aug 25, 2023no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 2 executed · 1 registered.

EXECUTEDDec 12, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDDec 8, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EFFECTIVESep 3, 2025SEC declared a registration effective — selling can beginEFFECT
REGISTEREDAug 22, 2025S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDNov 22, 2024Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDApr 1, 2024Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDDec 1, 2023Prospectus supplement priced — shares or notes (large filers: often a bond deal)424B2
EXECUTEDNov 8, 2023Unregistered share sale disclosed (8-K item 3.02)8-K
EFFECTIVESep 18, 2023SEC declared a registration effective — selling can beginEFFECT
REGISTEREDSep 8, 2023S-3/A registration — capacity to sell shares, not a sale yetS-3/A
REGISTEREDAug 25, 2023S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDJul 24, 2023Unregistered share sale disclosed (8-K item 3.02)8-K

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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