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

Great Elm Group, Inc. (GEG)

CIK 1831096 · all EDGAR filings →

Overall dilution risk
MEDIUMworst of 3 computed signals (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
not every sub-rating was computable; treat as a floor
Offering ability
MEDIUM$18.3M 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
NOT COMPUTEDno warrant count tagged in XBRL
= warrant shares outstanding divided by current shares outstanding
absence of a tag is not proof of absence of warrants
Historical dilution
LOW+2% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
Cash need
LOW~60.7 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

2021-02-092026-04-30

Latest: 31.4M shares as of Apr 30, 2026 (10-Q).

Cash runway

Self-funding

profitable · generates cash

Full breakdown: cash runway tool · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
Series A Warrant1.0M$3.510y
Series B Warrant1.0M$510y
Series A Warrants and Series B Warrantsnot taggednot tagged10y

Tranches exactly as the company dimensioned them in its 10-Q filed May 6, 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.

No warrant figures tagged in this filer’s XBRL facts. That means the company has not reported them in structured form; it does not prove no warrants exist. The exhibits are the ground truth.

Convertible notes

NotePrincipalCarryingConv. priceRateIf converted
Geggl Notes$26.9Mnot tagged7.25%~10.8M sh

If every note above converted at its tagged price: ~10.8M new shares on 31.4M 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 May 6, 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 outstanding31.4MApr 30, 2026
+ Series A Warrant (if exercised)1.0MAug 27, 2025
+ Series B Warrant (if exercised)1.0MAug 27, 2025
+ Geggl Notes (if fully converted)10.8MJun 9, 2022
Fully diluted estimate44.1M+40.7% 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: $18.3Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3Jan 7, 2026$18.3M registeredfiling →

Last 12 months: 1 executed · 1 registered.

EFFECTIVEJan 13, 2026SEC declared a registration effective — selling can beginEFFECT
REGISTEREDJan 7, 2026S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDAug 27, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJul 31, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJun 9, 2022Prospectus supplement priced — shares or notes (large filers: often a bond deal)424B1
MARKETINGJun 8, 2022Free-writing prospectus — offering being marketedFWP
EFFECTIVEJun 7, 2022SEC declared a registration effective — selling can beginEFFECT
REGISTEREDJun 6, 2022S-1/A registration — capacity to sell shares, not a sale yetS-1/A
REGISTEREDMay 6, 2022S-1/A registration — capacity to sell shares, not a sale yetS-1/A
EXECUTEDMay 5, 2022Unregistered share sale disclosed (8-K item 3.02)8-K
REGISTEREDMay 5, 2022S-1 registration — capacity to sell shares, not a sale yetS-1
EXECUTEDMar 10, 2021Unregistered share sale disclosed (8-K item 3.02)8-K

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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