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

MetaVia Inc. (MTVA)

CIK 1638287 · all EDGAR filings →

Overall dilution risk
HIGHworst of 4 computed signals (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
HIGH$34.5M 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
HIGHwarrants = 136% 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-83% 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~9.7 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

2020-11-062026-08-03

Latest: 6.6M shares as of Aug 3, 2026 (10-Q). Share count fell from 38.8M to 4.9M between Nov 9, 2023 and Mar 25, 2024, 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

~10 months of cash left

burning $3.9M / quarter

Full breakdown: cash runway tool · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
January2026 Series C Warrant Exercise Price3.10004.5M$3.1
January2026 Series D Warrant Exercise Price3.10003.8M$3.1
June2024 Series B Warrant Exercise Price43.23693,962$43.23
November2022 Series B Warrant Exercise Price0.0016,176$264
June2024 Placement Agent Warrant Exercise Price54.037511,564$54.0375
Warrants Exercise Price15919.20942$15919.2
Series C Warrant1.5$3.1
Series D Warrant1.5$3.1
Pre Funded Warrants1$0.001

Tranches exactly as the company dimensioned them in its 10-Q filed Aug 6, 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: 9.0M underlying shares, as reported Jun 30, 2026 (10-Q).

Reported exercise price: $312020 (aggregate figure as tagged; individual tranches vary).

Balance-sheet fair value of warrants: $24.3M as of Dec 31, 2022.

Rough fully diluted estimate: 15.5M = 6.6M O/S + 9.0M 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 Aug 6, 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 outstanding6.6MAug 3, 2026
+ January2026 Series C Warrant Exercise Price3.1000 (if exercised)4.5MJun 30, 2026
+ January2026 Series D Warrant Exercise Price3.1000 (if exercised)3.8MJun 30, 2026
+ June2024 Series B Warrant Exercise Price43.23 (if exercised)693,962Jun 30, 2026
+ November2022 Series B Warrant Exercise Price0.00 (if exercised)16,176Jun 30, 2026
+ June2024 Placement Agent Warrant Exercise Price54.0375 (if exercised)11,564Jun 30, 2026
+ Warrants Exercise Price15919.20 (if exercised)942Jun 30, 2026
+ Series C Warrant (if exercised)1.5Jan 31, 2026
+ Series D Warrant (if exercised)1.5Jan 31, 2026
+ Pre Funded Warrants (if exercised)1Jan 31, 2026
Fully diluted estimate15.5M+136.0% 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: $34.5Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-1Jan 5, 2026$34.5M registeredfiling →
S-3Jul 2, 2025no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →
S-1Jul 18, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 3 executed · 3 registered.

EXECUTEDJul 2, 2026Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
UPDATEApr 7, 2026Prospectus update — often a resale registration, not necessarily new capital424B3
EFFECTIVEApr 6, 2026SEC declared a registration effective — selling can beginEFFECT
EXECUTEDJan 16, 2026Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4
REGISTEREDJan 15, 2026S-1MEF registration — capacity to sell shares, not a sale yetS-1MEF
EFFECTIVEJan 15, 2026SEC declared a registration effective — selling can beginEFFECT
REGISTEREDJan 12, 2026S-1/A registration — capacity to sell shares, not a sale yetS-1/A
MARKETINGJan 6, 2026Free-writing prospectus — offering being marketedFWP
REGISTEREDJan 5, 2026S-1 registration — capacity to sell shares, not a sale yetS-1
EXECUTEDNov 6, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
UPDATEJul 10, 2025Prospectus update — often a resale registration, not necessarily new capital424B3
EFFECTIVEJul 10, 2025SEC declared a registration effective — selling can beginEFFECT

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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