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

ConnectM Technology Solutions, Inc. (CNTM)

CIK 1895249 · 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$14.5M 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
HIGHwarrants = 228% 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-73% 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~2.9 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

2024-08-142026-08-17

Latest: 5.7M shares as of Aug 17, 2026 (10-Q).

⊙
EVIDENCE — filed/published fact
SourceSEC XBRL, cover-page share count
Fielddei:EntityCommonStockSharesOutstanding
As of2026-08-17
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 170.4M to 5.6M between Apr 16, 2026 and May 26, 2026, a pattern consistent with a reverse split (roughly 1-for-30); 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

Warrants

Warrants outstanding: 13.1M underlying shares, as reported Dec 31, 2024 (10-K).

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

Rough fully diluted estimate: 18.8M = 5.7M O/S + 13.1M 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

NotePrincipalCarryingConv. priceRateIf converted
Eighteen Convertible Note Agreements$3.5M—not tagged——
Convertible Notes 2025not tagged$1.8Mnot tagged——
Nine Convertible Note Agreements$1.5M—not tagged——
Standby Equity Purchase Agreement Convertible Notenot tagged$600,000not tagged——
Convertible Notes 2026not tagged—$3.73810%-20%—
Convertible Notes 2026 Issuance Onenot tagged—$7.48——
Convertible Notes 2026 Issuance Twonot tagged—$5.18——
Convertible Notes 2026 Issuance Threenot tagged—$7.48——
Convertible Notes 2026 Issuance Fournot tagged—$7.48——
Convertible Notes 2026 Issuance Fivenot tagged—$5.06——
Convertible Notes 2026 Issuance Sixnot tagged—$4.39——
Convertible Notes 2026 Issuance Sevennot tagged—$7.48——

Notes exactly as the company dimensioned them in its 10-Q filed Aug 24, 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 outstanding5.7MAug 17, 2026
+ Warrants (aggregate, as tagged) (if exercised)13.1MDec 31, 2024
Fully diluted estimate18.8M+228.2% 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: $14.5Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-1Jan 16, 2026$14.5M registeredfiling →
S-1Jan 13, 2025no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 7 executed · 4 registered.

EXECUTEDOct 19, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →
EXECUTEDOct 2, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →
REGISTEREDSep 23, 2026S-1/A registration — capacity to sell shares, not a sale yetS-1/A →
REGISTEREDSep 21, 2026S-1/A registration — capacity to sell shares, not a sale yetS-1/A →
EXECUTEDSep 4, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →
REGISTEREDJun 17, 2026S-1/A registration — capacity to sell shares, not a sale yetS-1/A →
EXECUTEDMar 18, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →
EXECUTEDFeb 3, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →
REGISTEREDJan 16, 2026S-1 registration — capacity to sell shares, not a sale yetS-1 →
EXECUTEDJan 9, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →
EXECUTEDDec 16, 2025Unregistered share sale disclosed (8-K item 3.02)8-K →
REGISTEREDFeb 11, 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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