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

T Stamp Inc (IDAI)

CIK 1718939 · 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
HIGH$109M 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
HIGHwarrants = 66% 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
LOW-32% 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
MEDIUM~8.2 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

2022-03-212026-05-13

Latest: 5.6M shares as of May 13, 2026 (10-Q). Share count fell from 23.1M to 2.5M between Nov 14, 2024 and Mar 28, 2025, a pattern consistent with a reverse split (roughly 1-for-9); 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
Prepaid Warrant5.0M$1FV $5.0M
New Warrants2.5Mnot tagged
First Warrant Issuance October3120251.3M$4.2
October2025 Series A Warrants1.3M$4.2
Second Warrant Issuance October3120251.2M$4.2
October2025 Series B Warrants1.2M$4.2
Existing Warrants648,148$8.1
January2025 Warrants621,303$8.45
January2025 Series A Warrants414,202$8.45
September2024 Warrants413,695$4.83
Second Warrant Issuance September32024318,202$4.83
First Warrant Issuance September102024250,930$3.41

Tranches exactly as the company dimensioned them in its 10-Q filed May 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: 3.7M underlying shares, as reported Mar 31, 2026 (10-Q).

Reported exercise price: $3.96 (aggregate figure as tagged; individual tranches vary).

Balance-sheet fair value of warrants: $250,000 as of Mar 31, 2026.

Rough fully diluted estimate: 9.3M = 5.6M O/S + 3.7M 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
Non Convertible Promissory Notes Payablenot tagged$529,256not tagged

Notes exactly as the company dimensioned them in its 10-Q filed May 14, 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 outstanding5.6MMay 13, 2026
+ Prepaid Warrant (if exercised)5.0MAug 6, 2024
+ New Warrants (if exercised)2.5MOct 31, 2025
+ First Warrant Issuance October312025 (if exercised)1.3MMar 31, 2026
+ October2025 Series A Warrants (if exercised)1.3MOct 31, 2025
+ Second Warrant Issuance October312025 (if exercised)1.2MMar 31, 2026
+ October2025 Series B Warrants (if exercised)1.2MMar 31, 2026
+ Existing Warrants (if exercised)648,148Oct 31, 2025
+ January2025 Warrants (if exercised)621,303Oct 31, 2025
+ January2025 Series A Warrants (if exercised)414,202Jan 6, 2025
+ September2024 Warrants (if exercised)413,695Oct 31, 2025
+ Second Warrant Issuance September32024 (if exercised)318,202Mar 31, 2026
+ First Warrant Issuance September102024 (if exercised)250,930Mar 31, 2026
Fully diluted estimate20.8M+271.4% 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

Registered offering capacity on live registrations: $109.2Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3Apr 24, 2026$100.0M registeredfiling →
S-3Nov 24, 2025$9.2M registeredfiling →

Last 12 months: 1 executed · 2 registered.

EFFECTIVEApr 30, 2026SEC declared a registration effective — selling can beginEFFECT
REGISTEREDApr 24, 2026S-3 registration — capacity to sell shares, not a sale yetS-3
EFFECTIVENov 28, 2025SEC declared a registration effective — selling can beginEFFECT
REGISTEREDNov 24, 2025S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDOct 31, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDFeb 25, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDFeb 6, 2025Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4
EFFECTIVEFeb 5, 2025SEC declared a registration effective — selling can beginEFFECT
WITHDRAWNFeb 3, 2025Registration withdrawnRW
REGISTEREDJan 31, 2025S-1/A registration — capacity to sell shares, not a sale yetS-1/A
REGISTEREDJan 27, 2025S-1 registration — capacity to sell shares, not a sale yetS-1
EXECUTEDJan 10, 2025Unregistered share sale disclosed (8-K item 3.02)8-K

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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