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

Amesite Inc. (AMST)

CIK 1807166 · all EDGAR filings →

Overall dilution risk
HIGHworst of 4 computed sub-ratings (overhead supply)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
MEDIUM$4.9M 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
HIGHwarrants = 63% 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+158% 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~12.9 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

2020-11-132026-09-23

Latest: 6.5M shares as of Sep 23, 2026 (10-K).

⊙
EVIDENCE — filed/published fact
SourceSEC XBRL, cover-page share count
Fielddei:EntityCommonStockSharesOutstanding
As of2026-09-23
HowThe newest cover-page count as filed. It is used as the current count only while it is no more than about 15 months older than the company’s newest periodic filing; the float checker applies a 200-day rule and sets it beside the balance-sheet count.
Open the source document →
Share count fell from 30.4M to 2.5M between Feb 17, 2023 and Mar 31, 2023, 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
Series A1 Warrants1.8M$1.4355y—
Series A2 Warrants1.8M$1.4351.5y—
Pre Funded Warrant696,866$0.001——
Prior Existing Warrants371,498not tagged——
Series A One174,216not tagged——
Series A Two174,216not tagged——
Placement Agent Warrants97,561$1.79385y—
Placement Agent PA Warrants97,561$1.7938——
CMPO Warrants45,063$3.75——
CMPO Warrantnot tagged$3.75——

Tranches exactly as the company dimensioned them in its 10-K filed Sep 23, 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: 4.1M underlying shares, as reported Jun 30, 2026 (10-K).

Reported exercise price: $11.88 (aggregate figure as tagged; individual tranches vary).

Balance-sheet fair value of warrants: $521,000 as of Mar 31, 2024.

Rough fully diluted estimate: 10.7M = 6.5M O/S + 4.1M 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-K filed Sep 23, 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 outstanding6.5MSep 23, 2026
+ Series A1 Warrants (if exercised)1.8MJun 30, 2026
+ Series A2 Warrants (if exercised)1.8MJun 30, 2026
+ Pre Funded Warrant (if exercised)696,866Apr 30, 2026
+ Prior Existing Warrants (if exercised)371,498Jun 30, 2026
+ Series A One (if exercised)174,216Apr 30, 2026
+ Series A Two (if exercised)174,216Apr 30, 2026
+ Placement Agent Warrants (if exercised)97,561Apr 30, 2026
+ Placement Agent PA Warrants (if exercised)97,561Jun 30, 2026
+ CMPO Warrants (if exercised)45,063Jun 30, 2026
Fully diluted estimate11.8M+80.6% 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: $4.9Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-1May 12, 2026$4.9M registeredfiling →

Last 12 months: 3 executed · 3 registered.

EXECUTEDJul 17, 2026Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EFFECTIVEMay 28, 2026SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDMay 26, 2026S-1/A registration — capacity to sell shares, not a sale yetS-1/A →
REGISTEREDMay 12, 2026S-1 registration — capacity to sell shares, not a sale yetS-1 →
EXECUTEDApr 28, 2026Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EXECUTEDApr 28, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →
WITHDRAWNApr 23, 2026Registration withdrawnRW →
REGISTEREDApr 20, 2026S-1 registration — capacity to sell shares, not a sale yetS-1 →
EXECUTEDJan 10, 2025Unregistered share sale disclosed (8-K item 3.02)8-K →
EXECUTEDJan 7, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EXECUTEDJan 6, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EFFECTIVEDec 18, 2024SEC 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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