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

i-80 Gold Corp. (IAUX)

CIK 1853962 · 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
HIGHS-3MEF on file 2025-05-13
= 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
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
HIGH+190% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
Cash need
LOW~66.7 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

2022-12-312026-08-10

Latest: 865.9M shares as of Aug 10, 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

TrancheWarrantsExercise priceTermNotes
Brokered Placement Warrantsnot tagged$2.15FV $13.5M
Orion Warrants Expiring September2026not tagged$3.17FV $45,000
Orion Warrants Expiring January2028not tagged$2.72FV $187,000
Orion Warrants Expiring January2029not tagged$1.01FV $5.2M
Common Stock Warrantsnot tagged$0.7

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

Balance-sheet fair value of warrants: $18.9M as of Jun 30, 2026.

Convertible notes

NotePrincipalCarryingConv. priceRateIf converted
2026 Convertible Debenture$287.5M$275.1M$1.933.75%~149.0M sh
2023 Convertible Debenture$65.0M$0$3.388%~19.2M sh
Orion Convertible Loan$50.0M$0not tagged8%

If every note above converted at its tagged price: ~168.2M new shares on 865.9M currently outstanding. An estimate from principal ÷ conversion price, with inputs carrying different as-of dates; make-whole adjustments, capped calls and partial repurchases are not modeled.

Notes exactly as the company dimensioned them in its 10-Q filed Aug 10, 2026. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay 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 outstanding865.9MAug 10, 2026
+ 2026 Convertible Debenture (if fully converted)149.0MMar 23, 2026
+ 2023 Convertible Debenture (if fully converted)19.2MMar 31, 2026
Fully diluted estimate1.03B+19.4% 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

S-3MEFMay 13, 2025no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →
S-3Apr 14, 2025no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 3 executed · 0 registered.

EXECUTEDJun 26, 2026Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDMar 24, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDMar 17, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDMay 30, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDMay 14, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDMay 14, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
REGISTEREDMay 13, 2025S-3MEF registration — capacity to sell shares, not a sale yetS-3MEF
MARKETINGMay 13, 2025Free-writing prospectus — offering being marketedFWP
MARKETINGMay 9, 2025Free-writing prospectus — offering being marketedFWP
MARKETINGMay 9, 2025Free-writing prospectus — offering being marketedFWP
EFFECTIVEMay 7, 2025SEC declared a registration effective — selling can beginEFFECT
REGISTEREDMay 1, 2025S-3/A registration — capacity to sell shares, not a sale yetS-3/A

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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