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

Dogwood Therapeutics, Inc. (DWTX)

CIK 1818844 · 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$161M 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
LOWwarrants = 13% 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
MEDIUM+77% 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~7.4 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

2021-05-122026-08-13

Latest: 34.0M shares as of Aug 13, 2026 (10-Q). Share count fell from 27.8M to 1.3M between Aug 7, 2024 and Nov 6, 2024, a pattern consistent with a reverse split (roughly 1-for-21); 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

TrancheWarrantsExercise priceTermNotes
Common Stock Warrants4.4M$3.285.5y
Pre Funded Warrants500,000$0.0001
Underwriter Warrants855$312.55y
Representative Warrants855$15.6255y

Tranches exactly as the company dimensioned them in its 10-Q filed Aug 14, 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: 4.4M underlying shares, as reported Jun 30, 2026 (10-Q).

Reported exercise price: $0.625 (aggregate figure as tagged; individual tranches vary).

Balance-sheet fair value of warrants: $820,033 as of Dec 16, 2020.

Rough fully diluted estimate: 38.4M = 34.0M O/S + 4.4M 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 14, 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 outstanding34.0MAug 13, 2026
+ Common Stock Warrants (if exercised)4.4MMar 11, 2026
+ Pre Funded Warrants (if exercised)500,000Jun 30, 2026
+ Underwriter Warrants (if exercised)855Jun 30, 2026
+ Representative Warrants (if exercised)855Jun 30, 2026
Fully diluted estimate38.9M+14.4% 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: $161.2Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3Jan 15, 2026$17.9M registeredfiling →
S-3Oct 1, 2025$143.3M registeredfiling →
S-3May 23, 2025no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 4 executed · 3 registered.

EFFECTIVEJan 29, 2026SEC declared a registration effective — selling can beginEFFECT
REGISTEREDJan 15, 2026S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDJan 13, 2026Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDJan 13, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDNov 28, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
REGISTEREDOct 16, 2025S-3/A registration — capacity to sell shares, not a sale yetS-3/A
REGISTEREDOct 1, 2025S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDSep 29, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EFFECTIVEJun 2, 2025SEC declared a registration effective — selling can beginEFFECT
REGISTEREDMay 23, 2025S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDMar 14, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDMar 12, 2025Unregistered 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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