INOVIO PHARMACEUTICALS, INC. (INO)
CIK 1055726 · all EDGAR filings →
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: 82.3M shares as of May 12, 2026 (10-Q). Share count fell from 273.0M to 23.4M between Nov 8, 2023 and Mar 1, 2024, a pattern consistent with a reverse split (roughly 1-for-12); 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
| Tranche | Warrants | Exercise price | Term | Notes |
|---|---|---|---|---|
| Series A Warrants | 12.5M | $1.4 | — | FV $0 |
| Series B Warrants | 12.5M | $1.4 | — | FV $16.6M |
| December2024 Offering Warrants | 10.0M | $3.76 | — | FV $8.3M |
| July2025 Offering | not tagged | $1.75 | — | — |
Tranches exactly as the company dimensioned them in its 10-Q filed May 13, 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: 24.3M underlying shares, as reported Mar 31, 2026 (10-Q).
Balance-sheet fair value of warrants: $24.9M as of Mar 31, 2026.
Rough fully diluted estimate: 106.6M = 82.3M O/S + 24.3M 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 13, 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 outstanding | 82.3M | May 12, 2026 |
| + Series A Warrants (if exercised) | 12.5M | Apr 6, 2026 |
| + Series B Warrants (if exercised) | 12.5M | Apr 6, 2026 |
| + December2024 Offering Warrants (if exercised) | 10.0M | Mar 31, 2026 |
| Fully diluted estimate | 117.3M | +42.5% 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: $300.0Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted
Last 12 months: 7 executed · 1 registered.
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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