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

ORAMED PHARMACEUTICALS INC. (ORMP)

CIK 1176309 · 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
HIGHS-3 on file 2021-07-15
= is there a registration (S-1/S-3 family) on file without a later withdrawal
no structured fee data on the live registrations, so this is a yes/no, not a size
Overhead supply
LOWwarrants = 8% 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+3% 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~21.1 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

2021-01-142026-08-10

Latest: 41.6M shares as of Aug 10, 2026 (10-Q). Share count fell from 86.5M to 7.2M between Dec 19, 2012 and Apr 10, 2013, a pattern consistent with a reverse split (roughly 1-for-12); 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
ALPHA Tau Warrants3.2M$3.474
Note Warrants1.7M$13.8
Share Purchase Warrants1.3M$5.4
Prefunded Warrants1.0M$0.0001
Tranche B Warrants207,143$20
Warrant20,000not tagged

Tranches exactly as the company dimensioned them in its 10-Q filed Aug 10, 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: 3.4M underlying shares, as reported Aug 31, 2020 (10-K).

Reported exercise price: $4.13 (aggregate figure as tagged; individual tranches vary).

Balance-sheet fair value of warrants: $637,182 as of Aug 31, 2012.

Rough fully diluted estimate: 45.0M = 41.6M O/S + 3.4M 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
Senior Secured Convertible Notesnot tagged$5.4
Secured Promissory Notenot tagged$5.4

Notes exactly as the company dimensioned them in its 10-Q filed Aug 10, 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 outstanding41.6MAug 10, 2026
+ ALPHA Tau Warrants (if exercised)3.2MJun 30, 2026
+ Note Warrants (if exercised)1.7MMar 25, 2026
+ Share Purchase Warrants (if exercised)1.3MJun 30, 2026
+ Prefunded Warrants (if exercised)1.0MJun 30, 2026
+ Tranche B Warrants (if exercised)207,143Feb 19, 2026
+ Warrant (if exercised)20,000Dec 31, 2025
Fully diluted estimate49.0M+17.9% 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

Last 12 months: 0 executed · 0 registered.

EXECUTEDMar 18, 2024Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDNov 4, 2021Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDSep 1, 2021Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
UPDATEAug 13, 2021Resale prospectus — existing holders registering to sell424B7
EFFECTIVEJul 26, 2021SEC declared a registration effective — selling can beginEFFECT
REGISTEREDJul 15, 2021S-3 registration — capacity to sell shares, not a sale yetS-3
REGISTEREDJun 16, 2021S-3MEF registration — capacity to sell shares, not a sale yetS-3MEF
EXECUTEDJun 16, 2021Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EFFECTIVEFeb 10, 2021SEC declared a registration effective — selling can beginEFFECT
REGISTEREDFeb 3, 2021S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDDec 1, 2020Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDMar 2, 2020Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5

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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