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

LanzaTech Global, Inc. (LNZAW)

CIK 1843724 · all EDGAR filings →

Overall dilution risk
HIGHworst of 4 computed sub-ratings (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
HIGHS-3/A on file 2024-10-11
= 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
LOW-93% 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~8.3 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

2023-03-272026-08-10

Latest: 13.1M shares as of Aug 10, 2026 (10-Q).

⊙
EVIDENCE — filed/published fact
SourceSEC XBRL, cover-page share count
Fielddei:EntityCommonStockSharesOutstanding
As of2026-08-10
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 232.0M to 2.3M between Aug 14, 2025 and Nov 13, 2025, a pattern consistent with a reverse split (roughly 1-for-100); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

~8 months of cash left

burning $16.2M / quarter

Full breakdown: cash runway tool · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
PIPE Warrant7.8M$1e-7—FV $0
Public Warrants178,081$1150—FV $1,000
Private Placement Warrants44,661$1150—FV $0

Tranches exactly as the company dimensioned them in its 10-Q filed Aug 14, 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: 100 underlying shares, as reported Aug 18, 2025 (10-Q).

Reported exercise price: $1150000 (aggregate figure as tagged; individual tranches vary).

Balance-sheet fair value of warrants: $6,000 as of Jun 30, 2026.

Rough fully diluted estimate: 13.1M = 13.1M O/S + 100 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 Debt$150.0M—not tagged——

Notes exactly as the company dimensioned them in its 10-Q filed Aug 14, 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 outstanding13.1MAug 10, 2026
+ PIPE Warrant (if exercised)7.8MJan 21, 2026
+ Public Warrants1 (if exercised)78,081Jun 30, 2026
+ Private Placement Warrants (if exercised)44,661Jun 30, 2026
Fully diluted estimate21.0M+60.5% 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

S-3May 9, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 3 executed · 0 registered.

EXECUTEDOct 20, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →
EXECUTEDMay 18, 2026Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EXECUTEDJan 23, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →
EXECUTEDMay 9, 2025Unregistered share sale disclosed (8-K item 3.02)8-K →
EXECUTEDNov 5, 2024Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4 →
EXECUTEDNov 5, 2024Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4 →
EFFECTIVENov 1, 2024SEC declared a registration effective — selling can beginEFFECT →
EFFECTIVENov 1, 2024SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDOct 11, 2024S-3/A registration — capacity to sell shares, not a sale yetS-3/A →
EXECUTEDAug 8, 2024Unregistered share sale disclosed (8-K item 3.02)8-K →
UPDATEAug 8, 2024Prospectus update — often a resale registration, not necessarily new capital424B3 →
REGISTEREDMay 9, 2024S-3 registration — capacity to sell shares, not a sale yetS-3 →

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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