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

Empery Digital Inc. (EMPD)

CIK 1829794 · all EDGAR filings →

Overall dilution risk
HIGHworst of 3 computed signals (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$531M 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
LOW-8% 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~2.4 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

2022-03-212026-08-06

Latest: 28.1M shares as of Aug 6, 2026 (10-Q). Share count fell from 24.6M to 123,456 between Mar 13, 2023 and May 3, 2023, a pattern consistent with a reverse split (roughly 1-for-199); 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
Pre Funded Warrants16493,751not tagged
Pre Funded Warrants08340,626not tagged
Series A Warrants10,008$3.56FV $158,400
Pre Funded Warrants014,323not tagged
Pre Funded Warrants1856804not tagged
Pre Funded Warrantsnot tagged$0.00001

Tranches exactly as the company dimensioned them in its 10-Q filed Aug 7, 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.

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

Convertible debt on the balance sheet: $20,485 as of Dec 31, 2025, tagged only as a company-wide total.

This filer tagged totals without per-note dimensions in its 10-Q filed Aug 7, 2026, 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 outstanding28.1MAug 6, 2026
+ Pre Funded Warrants16 (if exercised)493,751Jun 30, 2026
+ Pre Funded Warrants08 (if exercised)340,626Jun 30, 2026
+ Series A Warrants (if exercised)10,008Jun 30, 2026
+ Pre Funded Warrants01 (if exercised)4,323Jun 30, 2026
+ Pre Funded Warrants1856 (if exercised)804Jun 30, 2026
Fully diluted estimate29.0M+3.0% 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: $530.8Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3ASRSep 19, 2025fee exhibit found but no total offering amount (fees deferred, typical for automatic shelves)filing →
S-3ASRAug 18, 2025$530.8M registeredfiling →
S-3ASRJul 30, 2025no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 1 executed · 2 registered.

EFFECTIVEMar 31, 2026SEC declared a registration effective — selling can beginEFFECT
EFFECTIVEMar 31, 2026SEC declared a registration effective — selling can beginEFFECT
EFFECTIVEMar 31, 2026SEC declared a registration effective — selling can beginEFFECT
EXECUTEDMar 24, 2026Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
REGISTEREDSep 19, 2025Automatic shelf registration — effective immediately (large filers)S-3ASR
UPDATEAug 27, 2025Resale prospectus — existing holders registering to sell424B7
REGISTEREDAug 18, 2025Automatic shelf registration — effective immediately (large filers)S-3ASR
REGISTEREDJul 30, 2025Automatic shelf registration — effective immediately (large filers)S-3ASR
EXECUTEDJul 30, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDJul 17, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDFeb 27, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDFeb 6, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5

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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