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

HeartSciences Inc. (HSCS)

CIK 1468492 · all EDGAR filings →

Overall dilution risk
HIGHworst of 3 computed signals (cash need)
= the worst band among the computed sub-ratings, no hidden weighting
not every sub-rating was computable; treat as a floor
Offering ability
LOWno live registration found
= is there a registration (S-1/S-3 family) on file without a later withdrawal
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-64% 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~2.7 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

2022-09-122026-07-20

Latest: 3.9M shares as of Jul 20, 2026 (10-K). Share count fell from 65.6M to 855,966 between Mar 14, 2024 and Jul 29, 2024, a pattern consistent with a reverse split (roughly 1-for-77); 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
Unit Warrants4.3M$5
Common Stock Warrants2.1M$0.0015y
Agent Unit Warrants57,353$4.375
The1m Lender Warrants1,076$16

Tranches exactly as the company dimensioned them in its 10-K filed Jul 23, 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

No convertible-note facts tagged in the 10-K filed Jul 23, 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 outstanding3.9MJul 20, 2026
+ Unit Warrants (if exercised)4.3MMar 10, 2025
+ Common Stock Warrants (if exercised)2.1MApr 30, 2026
+ Agent Unit Warrants (if exercised)57,353Dec 31, 2025
+ The1m Lender Warrants (if exercised)1,076Nov 16, 2023
Fully diluted estimate10.3M+165.3% 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

Last 12 months: 5 executed · 0 registered.

EXECUTEDJul 10, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJun 26, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJun 23, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJan 16, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDNov 28, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDAug 4, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDJan 21, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
WITHDRAWNDec 19, 2024Registration withdrawnRW
WITHDRAWNDec 17, 2024Registration withdrawnRW
REGISTEREDSep 27, 2024S-1/A registration — capacity to sell shares, not a sale yetS-1/A
EXECUTEDSep 10, 2024Unregistered share sale disclosed (8-K item 3.02)8-K
UPDATEMar 18, 2024Prospectus 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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