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

Solidion Technology Inc. (STI)

CIK 1881551 · all EDGAR filings →

Overall dilution risk
HIGHworst of 4 computed sub-ratings (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
HIGH$194M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
registered capacity, not remaining: amounts already taken down are not subtracted yet
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
LOW-90% 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
LOW~73.2 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

2024-06-062026-08-05

Latest: 8.5M shares as of Aug 5, 2026 (10-Q).

⊙
EVIDENCE — filed/published fact
SourceSEC XBRL, cover-page share count
Fielddei:EntityCommonStockSharesOutstanding
As of2026-08-05
HowThe newest cover-page count as filed, whatever its age. The float checker applies a 200-day freshness rule and sets this beside the balance-sheet count.
Open the source document →
Share count fell from 135.8M to 2.7M between Apr 1, 2025 and May 20, 2025, a pattern consistent with a reverse split (roughly 1-for-50); 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
Series C Warrants2.5Mnot tagged——
Pre Funded Warrants1.6M$0.0001——
Two Thousand Twenty Six Private Placement750,000not tagged——
Series A and B Warrants687,225$3.0951——
Series A Warrants609,476not tagged——
IPO Warrants123,500$5755y—
Placement Agent Warrants116,650$17.25——
Series B Warrants114,992not tagged——
Private Placement Warrants108,100not tagged——
Warrants12,000not tagged——
Warrants Series C and Dnot tagged$3.25——

Tranches exactly as the company dimensioned them in its 10-Q filed Aug 6, 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: 12,000 underlying shares, as reported Mar 31, 2026 (10-Q).

Reported exercise price: $3.0951 (aggregate figure as tagged; individual tranches vary).

Rough fully diluted estimate: 8.5M = 8.5M O/S + 12,000 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

No convertible-note facts tagged in the 10-Q filed Aug 6, 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.

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 outstanding8.5MAug 5, 2026
+ Series C Warrants (if exercised)2.5MJun 30, 2026
+ Pre Funded Warrants (if exercised)1.6MJun 30, 2026
+ Two Thousand Twenty Six Private Placement (if exercised)750,000Jun 30, 2026
+ Series A and B Warrants (if exercised)687,225Jun 30, 2026
+ Series A Warrants (if exercised)609,476Jun 30, 2026
+ IPO Warrants (if exercised)123,500Dec 31, 2022
+ Placement Agent Warrants (if exercised)116,650Jun 30, 2026
+ Series B Warrants (if exercised)114,992Jun 30, 2026
+ Private Placement Warrants (if exercised)108,100Dec 31, 2022
+ Warrants (if exercised)12,000Jun 30, 2026
Fully diluted estimate15.1M+77.1% 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: $193.7Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-1Jun 12, 2026$193.7M registeredfiling →

Last 12 months: 1 executed · 4 registered.

UPDATEJun 23, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVEJun 22, 2026SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDJun 12, 2026S-1 registration — capacity to sell shares, not a sale yetS-1 →
WITHDRAWNJun 9, 2026Registration withdrawnRW →
EXECUTEDJun 8, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →
REGISTEREDApr 17, 2026S-1/A registration — capacity to sell shares, not a sale yetS-1/A →
REGISTEREDFeb 12, 2026S-1 registration — capacity to sell shares, not a sale yetS-1 →
UPDATEDec 15, 2025Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVEDec 15, 2025SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDDec 9, 2025S-1/A registration — capacity to sell shares, not a sale yetS-1/A →
EXECUTEDOct 15, 2025Unregistered share sale disclosed (8-K item 3.02)8-K →
REGISTEREDFeb 6, 2025S-1/A registration — capacity to sell shares, not a sale yetS-1/A →

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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