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

Enveric Biosciences, Inc. (ENVB)

CIK 890821 · all EDGAR filings →

Overall dilution risk
HIGHworst of 4 computed signals (cash need)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
MEDIUM$18.8M 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
MEDIUMwarrants = 31% 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+93% 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~4.2 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

2020-11-132026-08-12

Latest: 4.5M shares as of Aug 12, 2026 (10-Q). Share count fell from 52.7M to 1.6M between May 11, 2022 and Aug 11, 2022, a pattern consistent with a reverse split (roughly 1-for-33); 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
Prefunded Warrants540,000not tagged
Series G Warrant328,802not tagged
Series H Warrant328,802not tagged
Placement Agent Warrantsnot tagged$5.5125
Series I Warrantsnot tagged$2.81255y
Series J Warrantsnot tagged$21.5y

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: 1.4M underlying shares, as reported Sep 30, 2020 (10-Q).

Reported exercise price: $4.66 (aggregate figure as tagged; individual tranches vary).

Balance-sheet fair value of warrants: $32,149 as of Dec 31, 2020.

Rough fully diluted estimate: 5.9M = 4.5M O/S + 1.4M 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 outstanding4.5MAug 12, 2026
+ Prefunded Warrants (if exercised)540,000Jul 1, 2026
+ Series G Warrant (if exercised)328,802Jan 27, 2026
+ Series H Warrant (if exercised)328,802Jan 27, 2026
Fully diluted estimate5.7M+26.8% 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: $18.8Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3Apr 23, 2026$12.5M registeredfiling →
S-1Feb 10, 2026$1.8M registeredfiling →
S-3Dec 22, 2025$4.5M registeredfiling →

Last 12 months: 7 executed · 5 registered.

EXECUTEDJun 9, 2026Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
UPDATEApr 29, 2026Prospectus update — often a resale registration, not necessarily new capital424B3
EFFECTIVEApr 29, 2026SEC declared a registration effective — selling can beginEFFECT
REGISTEREDApr 23, 2026S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDApr 20, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
UPDATEFeb 18, 2026Prospectus update — often a resale registration, not necessarily new capital424B3
EFFECTIVEFeb 17, 2026SEC declared a registration effective — selling can beginEFFECT
REGISTEREDFeb 10, 2026S-1 registration — capacity to sell shares, not a sale yetS-1
EXECUTEDFeb 6, 2026Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDJan 28, 2026Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDJan 28, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
UPDATEDec 31, 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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