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

GraniteShares Gold Trust (BAR)

CIK 1690437 · all EDGAR filings →

Overall dilution risk
HIGHworst of 2 computed sub-ratings (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
not every sub-rating was computable; treat as a floor
Offering ability
HIGHS-3 on file 2025-02-27
= is there a registration (S-1/S-3 family) on file without a later withdrawal
no structured fee data on the live registrations, so this is a yes/no, not a size
Overhead supply
NOT COMPUTEDno warrant count tagged in XBRL
= warrant shares outstanding divided by current shares outstanding
absence of a tag is not proof of absence of warrants
Historical dilution
LOW-33% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
Cash need
NOT COMPUTEDrunway not computable from latest facts
= cash vs trailing operating burn

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

2020-11-062026-08-13

Latest: 33.0M shares as of Aug 13, 2026 (10-K).

⊙
EVIDENCE — filed/published fact
SourceSEC XBRL, cover-page share count
Fielddei:EntityCommonStockSharesOutstanding
As of2026-08-13
HowThe newest cover-page count as filed. It is used as the current count only while it is no more than about 15 months older than the company’s newest periodic filing; the float checker applies a 200-day rule and sets it beside the balance-sheet count.
Open the source document →

Cash runway

Not enough filing data

can’t compute a runway

Full breakdown: cash runway tool · source filing →

Warrants

No warrant figures tagged in this filer’s XBRL facts. That means the company has not reported them in structured form; it does not prove no warrants exist. The exhibits are the ground truth.

Convertible notes

No convertible-note facts tagged in the 10-K filed Aug 13, 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.

Registrations and offerings

S-3Feb 27, 2025no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 0 executed · 0 registered.

UPDATEMar 14, 2025Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVEMar 14, 2025SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDFeb 27, 2025S-3 registration — capacity to sell shares, not a sale yetS-3 →
UPDATEApr 25, 2022Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVEApr 25, 2022SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDApr 8, 2022S-3/A registration — capacity to sell shares, not a sale yetS-3/A →
REGISTEREDMar 22, 2022S-3 registration — capacity to sell shares, not a sale yetS-3 →
UPDATEMay 18, 2020Prospectus update — often a resale registration, not necessarily new capital424B3 →
UPDATEApr 2, 2019Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVEApr 1, 2019SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDMar 22, 2019S-3 registration — capacity to sell shares, not a sale yetS-3 →
UPDATEMar 11, 2019Prospectus update — often a resale registration, not necessarily new capital424B3 →

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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