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

GridAI Technologies Corp. (GRDX)

CIK 1604191 · 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$30.1M 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 = 61% 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-7% 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~0.8 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

2020-08-122026-05-27

Latest: 6.7M shares as of May 27, 2026 (10-Q). Share count fell from 93.3M to 12.5M between Aug 13, 2021 and Nov 12, 2021, a pattern consistent with a reverse split (roughly 1-for-7); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

~1 month of cash left

critical · burning $1.4M / quarter

Full breakdown: cash runway tool · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
Common Warrants1.3M$2.565y
Pre Funded Warrant1.2M$0.00001

Tranches exactly as the company dimensioned them in its 10-Q filed May 27, 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: 4.1M underlying shares, as reported Mar 31, 2026 (10-Q).

Reported exercise price: $2.5 (aggregate figure as tagged; individual tranches vary).

Balance-sheet fair value of warrants: $3.4M as of Jun 30, 2021.

Rough fully diluted estimate: 10.7M = 6.7M O/S + 4.1M 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

No convertible-note facts tagged in the 10-Q filed May 27, 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 outstanding6.7MMay 27, 2026
+ Common Warrants (if exercised)1.3MMay 12, 2026
+ Pre Funded Warrant (if exercised)1.2MMay 12, 2026
Fully diluted estimate9.1M+37.1% 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: $30.1Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-1May 28, 2026$30.1M registeredfiling →

Last 12 months: 3 executed · 5 registered.

REGISTEREDJul 31, 2026S-1/A registration — capacity to sell shares, not a sale yetS-1/A
REGISTEREDJul 9, 2026S-1/A registration — capacity to sell shares, not a sale yetS-1/A
EXECUTEDJul 6, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
REGISTEREDMay 28, 2026S-1 registration — capacity to sell shares, not a sale yetS-1
EXECUTEDMay 14, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
WITHDRAWNMar 17, 2026Registration withdrawnRW
EXECUTEDOct 6, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
UPDATESep 17, 2025Prospectus update — often a resale registration, not necessarily new capital424B3
EFFECTIVESep 15, 2025SEC declared a registration effective — selling can beginEFFECT
REGISTEREDSep 10, 2025S-1/A registration — capacity to sell shares, not a sale yetS-1/A
REGISTEREDAug 26, 2025S-1 registration — capacity to sell shares, not a sale yetS-1
EXECUTEDAug 11, 2025Unregistered 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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