Is PIII diluting shareholders?

Read three numbers together: shares outstanding over time (see chart), warrants that can convert into new shares (8.4M reported), and how much cash runway remains (~2.797781626076854 months). A company short on cash with live registrations is structurally likely to issue shares.

Where do these numbers come from?

SEC EDGAR only: the XBRL company-facts API for shares, warrants and cash, and filing metadata for registrations and pricings. Every figure shows its source form, and nothing here is estimated by us beyond the arithmetic stated next to it.

Why might a warrant tranche be missing from the table?

The tranche table is built from the dimensions the company tagged in its own 10-Q or 10-K XBRL. A tranche the filer chose not to dimension does not appear, and its absence proves nothing: the exhibits remain the ground truth. Everything shown carries the filing it came from.

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

P3 Health Partners Inc. (PIII)

CIK 1832511 · all EDGAR filings →

Overall dilution risk

HIGHworst of 2 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

HIGHS-3 on file 2024-06-18

= 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

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

NOT COMPUTEDunder 3 years of share history on file

= share count now vs 3 years ago

Cash need

HIGH~2.8 months of runway

= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)

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

Fewer than two cover-page share counts on file, so there is no history to chart.

Cash runway

~3 months of cash left

critical · burning $22.8M / quarter

Full breakdown: cash runway tool · source filing →

Warrants

Tranche	Warrants	Exercise price	Term	Notes
Security Purchase Agreement Warrants	770,416	$10.8	7y	—
Securities Purchase Agreement Warrants	not tagged	$7.04	—	—

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: 8.4M underlying shares, as reported Dec 31, 2025 (10-K).

Reported exercise price: $1.03 (aggregate figure as tagged; individual tranches vary).

Convertible notes

No convertible-note facts tagged in the 10-Q filed Aug 10, 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.

Registrations and offerings

S-3Jun 18, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

S-3Nov 9, 2023no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 1 executed · 0 registered.

EXECUTEDApr 28, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →

EXECUTEDJun 3, 2025Unregistered share sale disclosed (8-K item 3.02)8-K →

EXECUTEDFeb 18, 2025Unregistered share sale disclosed (8-K item 3.02)8-K →

EXECUTEDDec 17, 2024Unregistered share sale disclosed (8-K item 3.02)8-K →

UPDATEJun 28, 2024Prospectus update — often a resale registration, not necessarily new capital424B3 →

EFFECTIVEJun 27, 2024SEC declared a registration effective — selling can beginEFFECT →

REGISTEREDJun 18, 2024S-3 registration — capacity to sell shares, not a sale yetS-3 →

EXECUTEDMay 24, 2024Unregistered share sale disclosed (8-K item 3.02)8-K →

EXECUTEDMay 23, 2024Unregistered share sale disclosed (8-K item 3.02)8-K →

UPDATENov 21, 2023Prospectus update — often a resale registration, not necessarily new capital424B3 →

EFFECTIVENov 20, 2023SEC 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 PIII workspace