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

Currenc Group Inc. (CURR)

CIK 1862935 · all EDGAR filings →

Overall dilution risk
HIGHworst of 3 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
HIGH$100M 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
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
MEDIUM+65% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
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

2024-11-192025-12-31

Latest: 76.6M shares as of Dec 31, 2025 (20-F).

⊙
EVIDENCE — filed/published fact
SourceSEC XBRL, cover-page share count
Fielddei:EntityCommonStockSharesOutstanding
As of2025-12-31
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 →

Cash runway

Self-funding

generates cash

Full breakdown: cash runway tool · source filing →

Warrants

Reported exercise price: $0.01 (aggregate figure as tagged; individual tranches vary).

Balance-sheet fair value of warrants: $0 as of Sep 30, 2024.

Convertible notes

Convertible debt on the balance sheet: $1.8M as of Mar 31, 2025, tagged only as a company-wide total.

Reported conversion price: $10 (aggregate figure as tagged; individual notes can vary).

This filer tagged totals without per-note dimensions in its 10-Q filed May 20, 2025 →, so per-note terms (maturities, individual conversion prices) live in the exhibit prose and are not parsed here.

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 outstanding76.6MDec 31, 2025
+ Convertible debt (aggregate carrying / conversion price) (if fully converted)175,000Mar 31, 2025
Fully diluted estimate76.8M+0.2% 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: $100.0Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

F-3Sep 17, 2025$100.0M registeredfiling →
S-1Feb 14, 2025no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →
S-1Sep 30, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 0 executed · 1 registered.

UPDATEOct 7, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →
UPDATESep 21, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →
UPDATESep 15, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →
UPDATEMay 19, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →
UPDATEJan 21, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →
UPDATEJan 6, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →
UPDATEDec 16, 2025Prospectus update — often a resale registration, not necessarily new capital424B3 →
REGISTEREDDec 10, 2025F-3/A registration — capacity to sell shares, not a sale yetF-3/A →
UPDATEDec 9, 2025Prospectus update — often a resale registration, not necessarily new capital424B3 →
UPDATENov 21, 2025Prospectus update — often a resale registration, not necessarily new capital424B3 →
UPDATENov 3, 2025Prospectus update — often a resale registration, not necessarily new capital424B3 →
UPDATEOct 21, 2025Prospectus 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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