Is PETZ diluting shareholders?

Read three numbers together: shares outstanding over time (10.3M as of 2025-12-31), warrants that can convert into new shares (50.0M reported), and how much cash runway remains (~226.96621248140644 months). A company short on cash with live registrations is structurally likely to issue shares.

Where do these numbers come from?

SEC EDGAR only: the XBRL company-facts API for shares, warrants and cash, and filing metadata for registrations and pricings. Every figure shows its source form, and nothing here is estimated by us beyond the arithmetic stated next to it.

Why might a warrant tranche be missing from the table?

The tranche table is built from the dimensions the company tagged in its own 10-Q or 10-K XBRL. A tranche the filer chose not to dimension does not appear, and its absence proves nothing: the exhibits remain the ground truth. Everything shown carries the filing it came from.

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

TDH Holdings, Inc. (PETZ)

CIK 1684425 · all EDGAR filings →

Overall dilution risk

HIGHworst of 4 computed sub-ratings (overhead supply)

= the worst band among the computed sub-ratings, no hidden weighting

Offering ability

LOWno live registration found

= is there a registration (S-1/S-3 family) on file without a later withdrawal

Overhead supply

HIGHwarrants = 484% 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

LOW0% 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

LOW~227 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

Latest: 10.3M shares as of Dec 31, 2025 (20-F).

⊙

EVIDENCE — filed/published fact

SourceSEC XBRL, cover-page share count

Fielddei:EntityCommonStockSharesOutstanding

As of2025-12-31

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 126.3M to 10.3M between Apr 29, 2022 and Mar 15, 2023, 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

Self-funding

profitable · generates cash

Full breakdown: cash runway tool

Warrants

Warrants outstanding: 50.0M underlying shares, as reported Dec 31, 2021 (20-F).

Reported exercise price: $2.44 (aggregate figure as tagged; individual tranches vary).

Rough fully diluted estimate: 60.3M = 10.3M O/S + 50.0M 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

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

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	10.3M	Dec 31, 2025
+ Warrants (aggregate, as tagged) (if exercised)	50.0M	Dec 31, 2021
Fully diluted estimate	60.3M	+484.3% 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

Last 12 months: 0 executed · 0 registered.

WITHDRAWNJul 12, 2022Registration withdrawnRW →

REGISTEREDFeb 16, 2022F-3 registration — capacity to sell shares, not a sale yetF-3 →

EXECUTEDNov 3, 2021Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →

EXECUTEDSep 30, 2021Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →

UPDATEJun 16, 2021Prospectus update — often a resale registration, not necessarily new capital424B3 →

EFFECTIVEJun 3, 2021SEC declared a registration effective — selling can beginEFFECT →

REGISTEREDMay 25, 2021F-3 registration — capacity to sell shares, not a sale yetF-3 →

EFFECTIVEMay 21, 2021SEC declared a registration effective — selling can beginEFFECT →

REGISTEREDMay 12, 2021F-3 registration — capacity to sell shares, not a sale yetF-3 →

EXECUTEDSep 21, 2017Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4 →

EFFECTIVESep 21, 2017SEC declared a registration effective — selling can beginEFFECT →

REGISTEREDSep 14, 2017F-1/A registration — capacity to sell shares, not a sale yetF-1/A →

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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