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

CDT Equity Inc. (CDTTW)

CIK 1896212 · 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$45.8M 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-91% 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~0.1 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

2022-03-282026-07-15

Latest: 6.3M shares as of Jul 15, 2026 (10-Q). Share count fell from 102.8M to 6.7M between Nov 12, 2024 and Mar 28, 2025, a pattern consistent with a reverse split (roughly 1-for-15); 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
April Twenty Twenty Four Warrants4$37500
PIPE Warrantsnot tagged$8.83

Tranches exactly as the company dimensioned them in its 10-K filed Apr 15, 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: 28,625 underlying shares, as reported Oct 29, 2024 (10-Q).

Reported exercise price: $1 (aggregate figure as tagged; individual tranches vary).

Balance-sheet fair value of warrants: $14.0M as of Jun 30, 2022.

Rough fully diluted estimate: 6.3M = 6.3M O/S + 28,625 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
Alliance Gobal Partners Convertible Note$1.9Mnot tagged6.54%

Notes exactly as the company dimensioned them in its 10-Q filed Jul 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 outstanding6.3MJul 15, 2026
+ April Twenty Twenty Four Warrants (if exercised)4Apr 20, 2024
Fully diluted estimate6.3M+0.0% 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: $45.8Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3Apr 22, 2026$19.3M registeredfiling →
S-3Jan 30, 2026$26.1M registeredfiling →
S-3Jul 31, 2025$0.5M registeredfiling →

Last 12 months: 10 executed · 2 registered.

EXECUTEDAug 6, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJul 31, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJul 29, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJun 16, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
UPDATEMay 1, 2026Prospectus update — often a resale registration, not necessarily new capital424B3
EFFECTIVEMay 1, 2026SEC declared a registration effective — selling can beginEFFECT
REGISTEREDApr 22, 2026S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDApr 2, 2026Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDMar 9, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDFeb 24, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
UPDATEFeb 10, 2026Prospectus update — often a resale registration, not necessarily new capital424B3
EFFECTIVEFeb 9, 2026SEC 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 CDTTW workspace