Is INKT diluting shareholders?

Read three numbers together: shares outstanding over time (5.0M as of 2026-05-13), warrants that can convert into new shares, and how much cash runway remains (~19.29196134185562 months). A company short on cash with live registrations is structurally likely to issue shares.

Where do these numbers come from?

SEC EDGAR only: the XBRL company-facts API for shares, warrants and cash, and filing metadata for registrations and pricings. Every figure shows its source form, and nothing here is estimated by us beyond the arithmetic stated next to it.

Why might a warrant tranche be missing from the table?

The tranche table is built from the dimensions the company tagged in its own 10-Q or 10-K XBRL. A tranche the filer chose not to dimension does not appear, and its absence proves nothing: the exhibits remain the ground truth. Everything shown carries the filing it came from.

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

MiNK Therapeutics, Inc. (INKT)

CIK 1840229 · all EDGAR filings →

Overall dilution risk

HIGHworst 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

HIGH$150M 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

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-86% 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

MEDIUM~19.3 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

Latest: 5.0M shares as of May 13, 2026 (10-Q). Share count fell from 39.5M to 4.0M between Nov 8, 2024 and Mar 13, 2025, a pattern consistent with a reverse split (roughly 1-for-10); 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

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

Note	Principal	Carrying	Conv. price	Rate	If converted
Convertible Promissory Note	$5.0M	$5.0M	not tagged	—	—

Notes exactly as the company dimensioned them in its 10-Q filed May 15, 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.

Registrations and offerings

Registered offering capacity on live registrations: $150.0Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3Nov 7, 2025$150.0M registeredfiling →

S-3Aug 13, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 1 executed · 2 registered.

EFFECTIVEDec 11, 2025SEC declared a registration effective — selling can beginEFFECT →

REGISTEREDDec 10, 2025S-3/A registration — capacity to sell shares, not a sale yetS-3/A →

REGISTEREDNov 7, 2025S-3 registration — capacity to sell shares, not a sale yetS-3 →

EXECUTEDAug 22, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →

EXECUTEDJul 15, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →

UPDATEAug 16, 2024Prospectus update — often a resale registration, not necessarily new capital424B3 →

EFFECTIVEAug 16, 2024SEC declared a registration effective — selling can beginEFFECT →

REGISTEREDAug 13, 2024S-3 registration — capacity to sell shares, not a sale yetS-3 →

EXECUTEDMay 16, 2024Unregistered share sale disclosed (8-K item 3.02)8-K →

EFFECTIVENov 8, 2022SEC declared a registration effective — selling can beginEFFECT →

REGISTEREDNov 3, 2022S-3 registration — capacity to sell shares, not a sale yetS-3 →

MARKETINGOct 15, 2021Free-writing prospectus — offering being marketedFWP →

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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