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

ESTABLISHMENT LABS HOLDINGS INC. (ESTA)

CIK 1688757 · 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
HIGHS-3ASR on file 2023-04-24
= is there a registration (S-1/S-3 family) on file without a later withdrawal
no structured fee data on the live registrations, so this is a yes/no, not a size
Overhead supply
LOWwarrants = 2% 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+16% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
Cash need
MEDIUM~16.8 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

2020-11-062026-08-06

Latest: 29.8M shares as of Aug 6, 2026 (10-Q).

Cash runway

Funded — but tight

~17 months of cash · watch

Full breakdown: cash runway tool · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
Pre Funded Warrant328,154not tagged
Warrants Issued January92024164,367$0.001
Warrants Issued November72024164,077$0.001
Warrants Issued September5202516,407$0.001

Tranches exactly as the company dimensioned them in its 10-Q filed May 8, 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: 659,403 underlying shares, as reported Mar 31, 2026 (10-Q).

Balance-sheet fair value of warrants: $2.3M as of Jun 30, 2019.

Rough fully diluted estimate: 30.5M = 29.8M O/S + 659,403 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 7, 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 outstanding29.8MAug 6, 2026
+ Pre Funded Warrant (if exercised)328,154Nov 7, 2024
+ Warrants Issued January92024 (if exercised)164,367Mar 31, 2026
+ Warrants Issued November72024 (if exercised)164,077Mar 31, 2026
+ Warrants Issued September52025 (if exercised)16,407Mar 31, 2026
Fully diluted estimate30.5M+2.3% 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

Last 12 months: 0 executed · 0 registered.

EXECUTEDNov 8, 2024Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
UPDATEJan 31, 2024Resale prospectus — existing holders registering to sell424B7
EXECUTEDJan 9, 2024Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDApr 26, 2023Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
REGISTEREDApr 24, 2023Automatic shelf registration — effective immediately (large filers)S-3ASR
EXECUTEDApr 24, 2023Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDJan 30, 2020Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDJan 28, 2020Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EFFECTIVENov 22, 2019SEC declared a registration effective — selling can beginEFFECT
REGISTEREDNov 12, 2019S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDJul 20, 2018Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4
REGISTEREDJul 18, 2018S-1MEF registration — capacity to sell shares, not a sale yetS-1MEF

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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