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

INVO Fertility, Inc. (IVF)

CIK 1417926 · 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$43.6M 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
LOWwarrants = 3% 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-27% 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~3.4 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

2020-11-162026-06-22

Latest: 1.8M shares as of Jun 22, 2026 (10-Q). Share count fell from 157.8M to 7.9M between May 15, 2020 and Aug 13, 2020, a pattern consistent with a reverse split (roughly 1-for-20); 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
New Warrant1.9M$7.95
December2025 Warrantsnot taggednot taggedFV $4.9M

Tranches exactly as the company dimensioned them in its 10-Q filed Jun 22, 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: 62,197 underlying shares, as reported Jan 13, 2025 (10-Q).

Reported exercise price: $10.5 (aggregate figure as tagged; individual tranches vary).

Rough fully diluted estimate: 1.8M = 1.8M O/S + 62,197 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
Related Party Convertible Notesnot tagged$660,000not tagged10%

Notes exactly as the company dimensioned them in its 10-Q filed Jun 22, 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 outstanding1.8MJun 22, 2026
+ New Warrant (if exercised)1.9MJan 26, 2026
Fully diluted estimate3.7M+106.0% 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: $43.6Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-1Jul 24, 2026$19.8M registeredfiling →
S-1Feb 2, 2026$15.1M registeredfiling →
S-1Dec 17, 2025$8.7M registeredfiling →

Last 12 months: 11 executed · 4 registered.

UPDATEAug 7, 2026Prospectus update — often a resale registration, not necessarily new capital424B3
EFFECTIVEAug 4, 2026SEC declared a registration effective — selling can beginEFFECT
EXECUTEDJul 24, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
REGISTEREDJul 24, 2026S-1 registration — capacity to sell shares, not a sale yetS-1
EXECUTEDFeb 24, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
UPDATEFeb 12, 2026Prospectus update — often a resale registration, not necessarily new capital424B3
EFFECTIVEFeb 10, 2026SEC declared a registration effective — selling can beginEFFECT
REGISTEREDFeb 2, 2026S-1 registration — capacity to sell shares, not a sale yetS-1
EXECUTEDJan 30, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDDec 31, 2025Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4
EFFECTIVEDec 29, 2025SEC declared a registration effective — selling can beginEFFECT
REGISTEREDDec 17, 2025S-1 registration — capacity to sell shares, not a sale yetS-1

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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