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

CDT Equity Inc. (CDTTW)

CIK 1896212 · 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$45.8M 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 = 0% 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-91% 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
HIGH~0.1 months of runway
= 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

2022-03-282026-07-15

Latest: 6.3M shares as of Jul 15, 2026 (10-Q). Share count fell from 102.8M to 6.7M between Nov 12, 2024 and Mar 28, 2025, a pattern consistent with a reverse split (roughly 1-for-15); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

~0 months of cash left

critical · burning $3.9M / quarter

Full breakdown: cash runway tool · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
April Twenty Twenty Four Warrants4$37500
PIPE Warrantsnot tagged$8.83

Tranches exactly as the company dimensioned them in its 10-K filed Apr 15, 2026. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.

Warrants outstanding: 28,625 underlying shares, as reported Oct 29, 2024 (10-Q).

Reported exercise price: $1 (aggregate figure as tagged; individual tranches vary).

Balance-sheet fair value of warrants: $14.0M as of Jun 30, 2022.

Rough fully diluted estimate: 6.3M = 6.3M O/S + 28,625 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
Alliance Gobal Partners Convertible Note$1.9Mnot tagged6.54%

Notes exactly as the company dimensioned them in its 10-Q filed Jul 15, 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 outstanding6.3MJul 15, 2026
+ April Twenty Twenty Four Warrants (if exercised)4Apr 20, 2024
Fully diluted estimate6.3M+0.0% 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: $45.8Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3Apr 22, 2026$19.3M registeredfiling →
S-3Jan 30, 2026$26.1M registeredfiling →
S-3Jul 31, 2025$0.5M registeredfiling →

Last 12 months: 10 executed · 2 registered.

EXECUTEDAug 6, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJul 31, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJul 29, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJun 16, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
UPDATEMay 1, 2026Prospectus update — often a resale registration, not necessarily new capital424B3
EFFECTIVEMay 1, 2026SEC declared a registration effective — selling can beginEFFECT
REGISTEREDApr 22, 2026S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDApr 2, 2026Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDMar 9, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDFeb 24, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
UPDATEFeb 10, 2026Prospectus update — often a resale registration, not necessarily new capital424B3
EFFECTIVEFeb 9, 2026SEC declared a registration effective — selling can beginEFFECT

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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