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

Miluna Acquisition Corp (MMTX)

CIK 2077033 · all EDGAR filings →

Overall dilution risk
HIGHworst of 2 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$69.0M 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
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
LOW0% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
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

2025-11-172026-05-15

Latest: 8.8M shares as of May 15, 2026 (10-Q).

Cash runway

Not enough filing data

can’t compute a runway

Full breakdown: cash runway tool · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
Public Warrants6.9Mnot tagged
Private Warrants203,100not tagged

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

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

Convertible debt on the balance sheet: $3.0M as of Mar 31, 2026, tagged only as a company-wide total.

Reported conversion price: $10 (aggregate figure as tagged; individual notes can vary).

This filer tagged totals without per-note dimensions in its 10-Q filed May 15, 2026, so per-note terms (maturities, individual conversion prices) live in the exhibit prose and are not parsed here.

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 outstanding8.8MMay 15, 2026
+ Public Warrants (if exercised)6.9MOct 28, 2025
+ Private Warrants (if exercised)203,100Oct 28, 2025
+ Convertible debt (aggregate carrying / conversion price) (if fully converted)300,000Mar 31, 2026
Fully diluted estimate16.2M+83.9% 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: $69.0Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-1Sep 2, 2025$69.0M registeredfiling →

Last 12 months: 2 executed · 4 registered.

EXECUTEDOct 28, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
REGISTEREDOct 22, 2025S-1MEF registration — capacity to sell shares, not a sale yetS-1MEF
EXECUTEDOct 22, 2025Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4
EFFECTIVESep 30, 2025SEC declared a registration effective — selling can beginEFFECT
REGISTEREDSep 29, 2025S-1/A registration — capacity to sell shares, not a sale yetS-1/A
REGISTEREDSep 16, 2025S-1/A registration — capacity to sell shares, not a sale yetS-1/A
REGISTEREDSep 2, 2025S-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.

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