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

Cenntro Inc. (CENN)

CIK 1707919 · 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$100M 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 = 101% 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-99% 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~4.1 months of runway
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)

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

2018-06-192026-08-13

Latest: 2.5M shares as of Aug 13, 2026 (10-Q). Share count fell from 87.9M to 1.5M between Apr 10, 2026 and May 13, 2026, a pattern consistent with a reverse split (roughly 1-for-60); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

~4 months of cash left

critical · burning $3.2M / quarter

Full breakdown: cash runway tool · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
Placement Agent Warrants247,333$1.77FV $3.5M
Investor Warrants14,504not taggedFV $0

Tranches exactly as the company dimensioned them in its 10-Q filed Aug 14, 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: 2.5M underlying shares, as reported Jun 30, 2026 (10-Q).

Reported exercise price: $1.61 (aggregate figure as tagged; individual tranches vary).

Rough fully diluted estimate: 4.9M = 2.5M O/S + 2.5M 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
Convertible Notes Payable 2025$2.8M$200,000$0.18%~28.0M sh

If every note above converted at its tagged price: ~28.0M new shares on 2.5M 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-Q filed Aug 14, 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 outstanding2.5MAug 13, 2026
+ Placement Agent Warrants (if exercised)247,333Jun 30, 2026
+ Investor Warrants (if exercised)14,504Dec 31, 2024
+ Convertible Notes Payable 2025 (if fully converted)28.0MDec 31, 2025
Fully diluted estimate30.7M+1150.5% 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: $100.0Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3Jan 28, 2026$100.0M registeredfiling →

Last 12 months: 3 executed · 1 registered.

EXECUTEDJun 5, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDMay 20, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EFFECTIVEFeb 12, 2026SEC declared a registration effective — selling can beginEFFECT
REGISTEREDJan 28, 2026S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDOct 28, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
UPDATESep 29, 2022Prospectus update — often a resale registration, not necessarily new capital424B3
EFFECTIVESep 27, 2022SEC declared a registration effective — selling can beginEFFECT
REGISTEREDSep 19, 2022F-3/A registration — capacity to sell shares, not a sale yetF-3/A
REGISTEREDAug 10, 2022F-3 registration — capacity to sell shares, not a sale yetF-3
REGISTEREDJan 6, 2022Automatic shelf registration — effective immediately (large filers)F-3ASR
MARKETINGNov 24, 2021Free-writing prospectus — offering being marketedFWP
UPDATENov 17, 2021Resale prospectus — existing holders registering to sell424B7

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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