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

Aureus Greenway Holdings Inc (PUSA)

CIK 2009312 · 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$198M 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
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
HIGH+148% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
Cash need
LOW~252.9 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

2024-12-092026-08-13

Latest: 26.9M shares as of Aug 13, 2026 (10-Q).

Cash runway

Self-funding

generates cash

Full breakdown: cash runway tool · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
Common B Warrants29.9M$1.25
Pre Funded Warrants4.3M$0.0001
Common A Warrants3.3M$1
Placement Agent Warrants2.4Mnot tagged

Tranches exactly as the company dimensioned them in its 10-Q filed Aug 13, 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: 0 underlying shares, as reported Jun 30, 2026 (10-Q).

Rough fully diluted estimate: 26.9M = 26.9M O/S + 0 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 Promissory Note$20.0M$197910%~10,106 sh

If every note above converted at its tagged price: ~10,106 new shares on 26.9M currently outstanding. An estimate from principal ÷ conversion price, with inputs carrying different as-of dates; make-whole adjustments, capped calls and partial repurchases are not modeled.

Notes exactly as the company dimensioned them in its 10-Q filed Aug 13, 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 outstanding26.9MAug 13, 2026
+ Common B Warrants (if exercised)29.9MJul 25, 2025
+ Pre Funded Warrants (if exercised)4.3MJun 30, 2026
+ Common A Warrants (if exercised)3.3MJun 30, 2026
+ Placement Agent Warrants (if exercised)2.4MJun 30, 2026
+ Convertible Promissory Note (if fully converted)10,106Mar 23, 2026
Fully diluted estimate66.8M+147.8% 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: $198.0Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-1Aug 4, 2025$198.0M registeredfiling →
S-1Jun 20, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 4 executed · 2 registered.

EFFECTIVEAug 12, 2026SEC declared a registration effective — selling can beginEFFECT
EXECUTEDMar 23, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDMar 11, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDMar 9, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDSep 17, 2025Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4
UPDATESep 17, 2025Resale prospectus — existing holders registering to sell424B8
REGISTEREDSep 8, 2025S-1/A registration — capacity to sell shares, not a sale yetS-1/A
EFFECTIVESep 8, 2025SEC declared a registration effective — selling can beginEFFECT
REGISTEREDAug 26, 2025S-1/A registration — capacity to sell shares, not a sale yetS-1/A
REGISTEREDAug 4, 2025S-1 registration — capacity to sell shares, not a sale yetS-1
EXECUTEDJul 25, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDFeb 13, 2025Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4

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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