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

PicoCELA Inc. (PCLA)

CIK 2018462 · 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
HIGHF-1/A on file 2025-04-25
= 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
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-95% 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
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

2024-09-302025-09-30

Latest: 1.2M shares as of Sep 30, 2025 (20-F). Share count fell from 22.9M to 1.2M between Sep 30, 2024 and Sep 30, 2025, a pattern consistent with a reverse split (roughly 1-for-20); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

Not enough filing data

can’t compute a runway

Full breakdown: cash runway tool

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

The latest 10-Q/10-K instance document could not be checked just now, so nothing is shown rather than guessed. Try again shortly.

Registrations and offerings

F-1Mar 13, 2025no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →
F-1Oct 31, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 0 executed · 0 registered.

EXECUTEDMay 27, 2025Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4
EFFECTIVEMay 22, 2025SEC declared a registration effective — selling can beginEFFECT
REGISTEREDApr 25, 2025F-1/A registration — capacity to sell shares, not a sale yetF-1/A
REGISTEREDMar 13, 2025F-1 registration — capacity to sell shares, not a sale yetF-1
EXECUTEDJan 15, 2025Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4
EFFECTIVEDec 20, 2024SEC declared a registration effective — selling can beginEFFECT
EFFECTIVEDec 20, 2024SEC declared a registration effective — selling can beginEFFECT
REGISTEREDDec 9, 2024F-1/A registration — capacity to sell shares, not a sale yetF-1/A
REGISTEREDNov 27, 2024F-1/A registration — capacity to sell shares, not a sale yetF-1/A
REGISTEREDNov 20, 2024F-1/A registration — capacity to sell shares, not a sale yetF-1/A
REGISTEREDOct 31, 2024F-1 registration — capacity to sell shares, not a sale yetF-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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