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

Hawkeye Digital, Inc. (HWKE)

CIK 1750777 · all EDGAR filings →

Overall dilution risk
HIGHworst of 3 computed sub-ratings (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
HIGHS-1/A on file 2019-01-22
= 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 = 0% 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
HIGH+4692% 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
NOT COMPUTEDrunway not computable from latest facts
= cash vs trailing operating burn

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

2021-02-232026-09-08

Latest: 266.1M shares as of Sep 8, 2026 (10-K).

⊙
EVIDENCE — filed/published fact
SourceSEC XBRL, cover-page share count
Fielddei:EntityCommonStockSharesOutstanding
As of2026-09-08
HowThe newest cover-page count as filed. It is used as the current count only while it is no more than about 15 months older than the company’s newest periodic filing; the float checker applies a 200-day rule and sets it beside the balance-sheet count.
Open the source document →
Share count fell from 42.3M to 5.5M between Jan 31, 2023 and May 22, 2023, a pattern consistent with a reverse split (roughly 1-for-8); 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 · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
Warrant219.0Mnot tagged——
Warrants2.9M$0.01——

Tranches exactly as the company dimensioned them in its 10-K filed Sep 11, 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: 0 underlying shares, as reported Jun 30, 2026 (10-K).

Reported exercise price: $0 (aggregate figure as tagged; individual tranches vary).

Rough fully diluted estimate: 266.1M = 266.1M O/S + 0 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 Note$2.8M$1.4M$0.12—~23.1M sh
Convertible Note Activity$2.8M$0not tagged——

If every note above converted at its tagged price: ~23.1M new shares on 266.1M 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-K filed Sep 11, 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 outstanding266.1MSep 8, 2026
+ Warrant (if exercised)219.0MJun 11, 2026
+ Warrants (if exercised)2.9MJun 11, 2026
+ Convertible Note (if fully converted)23.1MJun 30, 2026
Fully diluted estimate511.0M+92.1% 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

Last 12 months: 3 executed · 0 registered.

EXECUTEDJul 22, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →
EXECUTEDJun 5, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →
EXECUTEDApr 6, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →
EFFECTIVEFeb 4, 2020SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDJan 22, 2019S-1/A registration — capacity to sell shares, not a sale yetS-1/A →
REGISTEREDDec 11, 2018S-1/A registration — capacity to sell shares, not a sale yetS-1/A →
REGISTEREDNov 8, 2018S-1/A registration — capacity to sell shares, not a sale yetS-1/A →
REGISTEREDSep 28, 2018S-1/A registration — capacity to sell shares, not a sale yetS-1/A →
REGISTEREDAug 27, 2018S-1 registration — capacity to sell shares, not a sale yetS-1 →

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.

Keep going: float checker · offering calendar · short-squeeze screener · full HWKE workspace

Free to use. No account, no card.