Lite Strategy, Inc. (LITS)
CIK 1262104 · all EDGAR filings →
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
Latest: 34.0M shares as of May 7, 2026 (10-Q). Share count fell from 133.3M to 6.7M between Feb 6, 2023 and May 8, 2023, 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
~4 months of cash left
critical · burning $5.2M / quarter
Full breakdown: cash runway tool · source filing →
Warrants
| Tranche | Warrants | Exercise price | Term | Notes |
|---|---|---|---|---|
| Advisory Warrants | 3.1M | $3.42 | — | — |
| Placement Agent Warrants | 1.2M | $4.1 | — | — |
| GSR One Warrats | 584,795 | $3.42 | — | — |
| Pre-Funded Warrants | 546,348 | $0.0001 | — | — |
| Pre-Funded Warrants Issued For Services | 546,348 | $0.0001 | — | — |
| Pre Funded Warrant For the Purchase of Common Stock | 546,348 | not tagged | — | — |
| Strategic Advisor Warrants | 438,597 | $4.1 | — | — |
| GSR Two Warrants | 292,398 | $3.93 | — | — |
| GSR Three Warrants | 292,398 | $4.62 | — | — |
| GSR Four Warrants | 292,398 | $5.13 | — | — |
| GD Advisory Warrants | 234,149 | $0.0001 | — | — |
| GD Advisory Warrant | 117,074 | $0.0001 | — | — |
Tranches exactly as the company dimensioned them in its 10-Q filed May 13, 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: 4.0M underlying shares, as reported Mar 31, 2026 (10-Q).
Reported exercise price: $6 (aggregate figure as tagged; individual tranches vary).
Rough fully diluted estimate: 38.0M = 34.0M O/S + 4.0M 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
No convertible-note facts tagged in the 10-Q filed May 13, 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 outstanding | 34.0M | May 7, 2026 |
| + Advisory Warrants (if exercised) | 3.1M | Jul 22, 2025 |
| + Placement Agent Warrants (if exercised) | 1.2M | Mar 31, 2026 |
| + GSR One Warrats (if exercised) | 584,795 | Mar 31, 2026 |
| + Pre-Funded Warrants (if exercised) | 546,348 | Mar 31, 2026 |
| + Pre-Funded Warrants Issued For Services (if exercised) | 546,348 | Mar 31, 2026 |
| + Pre Funded Warrant For the Purchase of Common Stock (if exercised) | 546,348 | Sep 24, 2025 |
| + Strategic Advisor Warrants (if exercised) | 438,597 | Mar 31, 2026 |
| + GSR Two Warrants (if exercised) | 292,398 | Mar 31, 2026 |
| + GSR Three Warrants (if exercised) | 292,398 | Mar 31, 2026 |
| + GSR Four Warrants (if exercised) | 292,398 | Mar 31, 2026 |
| + GD Advisory Warrants (if exercised) | 234,149 | Oct 31, 2025 |
| + GD Advisory Warrant (if exercised) | 117,074 | Mar 31, 2026 |
| Fully diluted estimate | 42.2M | +23.9% 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
Registered offering capacity on live registrations: $166.4Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted
Last 12 months: 1 executed · 2 registered.
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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