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

Scienture Holdings, Inc. (SCNX)

CIK 1382574 · 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
HIGH$202M 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
LOWwarrants = 0% 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
HIGH+3158% 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
HIGH~6 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

2021-04-222026-05-15

Latest: 40.6M shares as of May 15, 2026 (10-Q). Share count fell from 10.2M to 1.2M between May 10, 2023 and Aug 10, 2023, a pattern consistent with a reverse split (roughly 1-for-8); 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

Warrants outstanding: 190,242 underlying shares, as reported Mar 31, 2024 (10-Q).

Reported exercise price: $3 (aggregate figure as tagged; individual tranches vary).

Balance-sheet fair value of warrants: $0 as of Mar 31, 2026.

Rough fully diluted estimate: 40.8M = 40.6M O/S + 190,242 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
August Twenty Twenty Four Notenot tagged$360,000$8.36

Notes exactly as the company dimensioned them in its 10-Q filed May 15, 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 outstanding40.6MMay 15, 2026
+ Warrants (aggregate, as tagged) (if exercised)190,242Mar 31, 2024
Fully diluted estimate40.8M+0.5% 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: $202.2Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3Aug 25, 2025$2.2M registeredfiling →
S-3Aug 1, 2025$200.0M registeredfiling →
S-1Apr 4, 2025no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 5 executed · 1 registered.

EXECUTEDNov 7, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDOct 24, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
UPDATEOct 14, 2025Prospectus update — often a resale registration, not necessarily new capital424B3
EXECUTEDSep 19, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
UPDATEAug 27, 2025Prospectus update — often a resale registration, not necessarily new capital424B3
EFFECTIVEAug 27, 2025SEC declared a registration effective — selling can beginEFFECT
REGISTEREDAug 25, 2025S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDAug 15, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDAug 15, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EFFECTIVEAug 8, 2025SEC declared a registration effective — selling can beginEFFECT
REGISTEREDAug 1, 2025S-3 registration — capacity to sell shares, not a sale yetS-3
EFFECTIVEJun 17, 2025SEC 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.

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