MIAMI INTERNATIONAL HOLDINGS, INC. (MIAX)
CIK 1438472 · 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: 99.2M shares as of Jul 31, 2026 (10-Q).
Cash runway
Self-funding
generates cash
Full breakdown: cash runway tool · source filing →
Warrants
| Tranche | Warrants | Exercise price | Term | Notes |
|---|---|---|---|---|
| Pre Funded Warrant | 6.8M | $0.002 | — | — |
| Purchase of Warrants | 2.4M | $14.5 | — | — |
| A2029 Senior Secured Term Loan Warrants Group1 | 2.3M | $7.15 | — | — |
| Warrants Issued To Employees Directors and Service Providers | 1.9M | $18.04 | — | — |
| A2029 Senior Secured Term Loan Warrants Group2 | 1.5M | $8.55 | — | — |
| Warrants Issued With Common Stock | 1.5M | $15.03 | — | — |
| ERPV Warrants | 512,783 | not tagged | — | — |
| Warrants Issued To Strategic Investors Under ER Ps | 66,399 | $5.5 | — | — |
| Promissory Note Warrants | 7,408 | $20.5 | — | — |
| Warrants Issued With Debt | 7,408 | $20.5 | — | — |
Tranches exactly as the company dimensioned them in its 10-Q filed Aug 7, 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: 3.5M underlying shares, as reported Jun 30, 2026 (10-Q).
Balance-sheet fair value of warrants: $64.2M as of Dec 31, 2024.
Rough fully diluted estimate: 102.7M = 99.2M O/S + 3.5M 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
| Note | Principal | Carrying | Conv. price | Rate | If converted |
|---|---|---|---|---|---|
| Convertible Loan | $5.0M | — | $16 | 9.5% | ~312,500 sh |
If every note above converted at its tagged price: ~312,500 new shares on 99.2M 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 7, 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 outstanding | 99.2M | Jul 31, 2026 |
| + Pre Funded Warrant (if exercised) | 6.8M | Feb 28, 2026 |
| + Purchase of Warrants (if exercised) | 2.4M | Dec 31, 2025 |
| + A2029 Senior Secured Term Loan Warrants Group1 (if exercised) | 2.3M | Aug 31, 2024 |
| + Warrants Issued To Employees Directors and Service Providers (if exercised) | 1.9M | Jun 30, 2026 |
| + A2029 Senior Secured Term Loan Warrants Group2 (if exercised) | 1.5M | Aug 31, 2024 |
| + Warrants Issued With Common Stock (if exercised) | 1.5M | Jun 30, 2026 |
| + ERPV Warrants (if exercised) | 512,783 | Dec 31, 2025 |
| + Warrants Issued To Strategic Investors Under ER Ps (if exercised) | 66,399 | Jun 30, 2026 |
| + Promissory Note Warrants (if exercised) | 7,408 | Dec 31, 2023 |
| + Warrants Issued With Debt (if exercised) | 7,408 | Jun 30, 2026 |
| + Convertible Loan (if fully converted) | 312,500 | Dec 31, 2020 |
| Fully diluted estimate | 116.5M | +17.4% 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: $346.2Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted
Last 12 months: 8 executed · 1 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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