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

Quoin Pharmaceuticals Ltd. (QNRX)

CIK 1671502 · all EDGAR filings →

Overall dilution risk
HIGHworst of 3 computed sub-ratings (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$310M 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
LOWwarrants = 1% 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
NOT COMPUTEDunder 3 years of share history on file
= share count now vs 3 years ago
Cash need
MEDIUM~9.6 months of runway
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)
the company itself flagged going-concern doubt

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

2017-12-312026-08-12

Latest: 70.3M shares as of Aug 12, 2026 (10-Q).

⊙
EVIDENCE — filed/published fact
SourceSEC XBRL, cover-page share count
Fielddei:EntityCommonStockSharesOutstanding
As of2026-08-12
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 3.35B to 70.3M between Dec 31, 2021 and Aug 12, 2026, a pattern consistent with a reverse split (roughly 1-for-48); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

Going-concern warning

auditor flagged substantial doubt

The company itself flagged going-concern doubt in a filing.

Full breakdown: cash runway tool

Warrants

Warrants outstanding: 399,999 underlying shares, as reported Jul 14, 2022 (6-K).

Reported exercise price: $16.13 (aggregate figure as tagged; individual tranches vary).

Balance-sheet fair value of warrants: $373,599 as of Dec 31, 2021.

Rough fully diluted estimate: 70.7M = 70.3M O/S + 399,999 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 14, 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 outstanding70.3MAug 12, 2026
+ Warrants (aggregate, as tagged) (if exercised)399,999Jul 14, 2022
Fully diluted estimate70.7M+0.6% 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: $309.9Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3Oct 28, 2026$150.0M registeredfiling →
S-3Sep 18, 2026$61.7M registeredfiling →
S-3Nov 7, 2025$98.2M registeredfiling →

Last 12 months: 1 executed · 3 registered.

REGISTEREDOct 28, 2026S-3 registration — capacity to sell shares, not a sale yetS-3 →
UPDATESep 25, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVESep 25, 2026SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDSep 18, 2026S-3 registration — capacity to sell shares, not a sale yetS-3 →
EXECUTEDAug 28, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →
UPDATEJun 2, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →
UPDATEDec 5, 2025Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVEDec 4, 2025SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDNov 7, 2025S-3 registration — capacity to sell shares, not a sale yetS-3 →
EXECUTEDOct 15, 2025Unregistered share sale disclosed (8-K item 3.02)8-K →
EFFECTIVEApr 3, 2025SEC declared a registration effective — selling can beginEFFECT →
EXECUTEDDec 23, 2024Final 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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