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

ImmunityBio, Inc. (IBRX)

CIK 1326110 · 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 2024-04-17
= 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 = 5% 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+132% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
Cash need
MEDIUM~14.1 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

2020-11-052026-07-31

Latest: 1.06B shares as of Jul 31, 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
July2025 Warrant28.0Mnot tagged
April2025 Warrants13.5Mnot tagged
July2023 Warrants3.6Mnot tagged
February2023 Warrants2.8Mnot tagged
February and July2023 Warrantsnot tagged$3.2946

Tranches exactly as the company dimensioned them in its 10-Q filed Aug 4, 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: 47.9M underlying shares, as reported Jun 30, 2026 (10-Q).

Reported exercise price: $3.24 (aggregate figure as tagged; individual tranches vary).

Balance-sheet fair value of warrants: $352.4M as of Jun 30, 2026.

Rough fully diluted estimate: 1.11B = 1.06B O/S + 47.9M 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

NotePrincipalCarryingConv. priceRateIf converted
Convertible Notes Payable$480.0M$480.0M$5.427~88.4M sh

If every note above converted at its tagged price: ~88.4M new shares on 1.06B 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 4, 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 outstanding1.06BJul 31, 2026
+ July2025 Warrant (if exercised)28.0MJun 30, 2026
+ April2025 Warrants (if exercised)13.5MJun 30, 2026
+ July2023 Warrants (if exercised)3.6MJun 30, 2026
+ February2023 Warrants (if exercised)2.8MJun 30, 2026
+ Convertible Notes Payable (if fully converted)88.4MJun 30, 2026
Fully diluted estimate1.20B+12.9% 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-3ASRApr 17, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →
S-3Mar 29, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 1 executed · 0 registered.

EXECUTEDDec 29, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDJul 28, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDApr 8, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDDec 12, 2024Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDDec 10, 2024Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EFFECTIVEMay 2, 2024SEC declared a registration effective — selling can beginEFFECT
REGISTEREDApr 17, 2024Automatic shelf registration — effective immediately (large filers)S-3ASR
REGISTEREDMar 29, 2024S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDJan 2, 2024Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDSep 11, 2023Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJul 25, 2023Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDJul 24, 2023Shelf 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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