Is GPGI diluting shareholders?

Read three numbers together: shares outstanding over time (289.9M as of 2026-08-03), warrants that can convert into new shares (0 reported), and how much cash runway remains (~4.038108556944323 months). A company short on cash with live registrations is structurally likely to issue shares.

Where do these numbers come from?

SEC EDGAR only: the XBRL company-facts API for shares, warrants and cash, and filing metadata for registrations and pricings. Every figure shows its source form, and nothing here is estimated by us beyond the arithmetic stated next to it.

Why might a warrant tranche be missing from the table?

The tranche table is built from the dimensions the company tagged in its own 10-Q or 10-K XBRL. A tranche the filer chose not to dimension does not appear, and its absence proves nothing: the exhibits remain the ground truth. Everything shown carries the filing it came from.

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

GPGI, Inc. (GPGI)

CIK 1823144 · 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

HIGHS-3ASR on file 2026-01-13

= is there a registration (S-1/S-3 family) on file without a later withdrawal

no structured fee data on the live registrations, so this is a yes/no, not a size

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

HIGH+229% O/S in 3y

= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative

Cash need

HIGH~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

Latest: 289.9M shares as of Aug 3, 2026 (10-Q).

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

Warrants outstanding: 0 underlying shares, as reported Jun 30, 2026 (10-Q).

Balance-sheet fair value of warrants: $0 as of Dec 31, 2025.

Rough fully diluted estimate: 289.9M = 289.9M O/S + 0 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 6, 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.

Registrations and offerings

S-3ASRJan 13, 2026fee exhibit found but no total offering amount (fees deferred, typical for automatic shelves)filing →

S-3MEFSep 19, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 2 executed · 1 registered.

UPDATEJan 14, 2026Resale prospectus — existing holders registering to sell424B7 →

EXECUTEDJan 13, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →

REGISTEREDJan 13, 2026Automatic shelf registration — effective immediately (large filers)S-3ASR →

EXECUTEDNov 4, 2025Unregistered share sale disclosed (8-K item 3.02)8-K →

UPDATEDec 10, 2024Resale prospectus — existing holders registering to sell424B7 →

UPDATENov 22, 2024Resale prospectus — existing holders registering to sell424B7 →

UPDATENov 8, 2024Resale prospectus — existing holders registering to sell424B7 →

UPDATEOct 22, 2024Resale prospectus — existing holders registering to sell424B7 →

UPDATEOct 9, 2024Resale prospectus — existing holders registering to sell424B7 →

UPDATESep 20, 2024Prospectus update — often a resale registration, not necessarily new capital424B3 →

REGISTEREDSep 19, 2024S-3MEF registration — capacity to sell shares, not a sale yetS-3MEF →

EXECUTEDMay 9, 2024Shelf 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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