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

Veradermics, Inc (MANE)

CIK 1827635 · 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
HIGH$2081M 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
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
LOW+12% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
Cash need
LOW~53.5 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

2026-03-252026-08-06

Latest: 41.8M shares as of Aug 6, 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
Prefunded Warrant300,000$0.00001

Tranches exactly as the company dimensioned them in its 10-Q filed Aug 11, 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.

No warrant figures tagged in this filer’s XBRL facts. That means the company has not reported them in structured form; it does not prove no warrants exist. The exhibits are the ground truth.

Convertible notes

NotePrincipalCarryingConv. priceRateIf converted
Convertible Notes Payable$500,000not tagged

Notes exactly as the company dimensioned them in its 10-Q filed Aug 11, 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 outstanding41.8MAug 6, 2026
+ Prefunded Warrant (if exercised)300,000Jun 30, 2026
Fully diluted estimate42.1M+0.7% 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: $2080.7Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-1Aug 7, 2026$1696.8M registeredfiling →
S-1Apr 27, 2026$283.9M registeredfiling →
S-1Jan 9, 2026$100.0M registeredfiling →

Last 12 months: 3 executed · 6 registered.

REGISTEREDAug 7, 2026S-1 registration — capacity to sell shares, not a sale yetS-1
EXECUTEDMay 1, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
MARKETINGApr 30, 2026Free-writing prospectus — offering being marketedFWP
EXECUTEDApr 30, 2026Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4
REGISTEREDApr 29, 2026S-1MEF registration — capacity to sell shares, not a sale yetS-1MEF
EFFECTIVEApr 29, 2026SEC declared a registration effective — selling can beginEFFECT
REGISTEREDApr 27, 2026S-1 registration — capacity to sell shares, not a sale yetS-1
MARKETINGApr 27, 2026Free-writing prospectus — offering being marketedFWP
EXECUTEDFeb 4, 2026Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4
MARKETINGFeb 3, 2026Free-writing prospectus — offering being marketedFWP
REGISTEREDFeb 3, 2026S-1MEF registration — capacity to sell shares, not a sale yetS-1MEF
EFFECTIVEJan 30, 2026SEC declared a registration effective — selling can beginEFFECT

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.

Keep going: float checker · offering calendar · short-squeeze screener · full MANE workspace