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

PodcastOne, Inc. (PODC)

CIK 1940177 · 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$150M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
one or more live registrations had no structured fee data, so the true total is AT LEAST this
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
MEDIUM+50% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
Cash need
LOWoperating cash flow positive
= 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

2023-08-102026-06-26

Latest: 30.1M shares as of Jun 26, 2026 (10-K).

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
Pc1 Warrants3.1M$3
Warrants To Purchase Common Stock300,000$0.13y
Underwriters Warrantsnot tagged$9.375

Tranches exactly as the company dimensioned them in its 10-K filed Jun 29, 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
Initial Debentures$16.8M$2111.75%~798,810 sh

If every note above converted at its tagged price: ~798,810 new shares on 30.1M 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-K filed Jun 29, 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 outstanding30.1MJun 26, 2026
+ Pc1 Warrants (if exercised)3.1MMar 31, 2026
+ Warrants To Purchase Common Stock (if exercised)300,000Jul 15, 2025
+ Initial Debentures (if fully converted)798,810May 19, 2025
Fully diluted estimate34.3M+14.0% 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: $150.0Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3Apr 6, 2026$150.0M registeredfiling →
S-3Dec 13, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 1 executed · 2 registered.

UPDATEJun 9, 2026Resale prospectus — existing holders registering to sell424B7
EXECUTEDMay 12, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EFFECTIVEApr 21, 2026SEC declared a registration effective — selling can beginEFFECT
REGISTEREDApr 10, 2026S-3/A registration — capacity to sell shares, not a sale yetS-3/A
REGISTEREDApr 6, 2026S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDJul 2, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
UPDATEJan 31, 2025Prospectus update — often a resale registration, not necessarily new capital424B3
EFFECTIVEJan 29, 2025SEC declared a registration effective — selling can beginEFFECT
REGISTEREDJan 23, 2025S-3/A registration — capacity to sell shares, not a sale yetS-3/A
REGISTEREDJan 3, 2025S-3/A registration — capacity to sell shares, not a sale yetS-3/A
REGISTEREDDec 13, 2024S-3 registration — capacity to sell shares, not a sale yetS-3
UPDATEMar 13, 2024Prospectus update — often a resale registration, not necessarily new capital424B3

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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