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

Renatus Tactical Acquisition Corp I (RTAC)

CIK 2035173 · 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
HIGHS-1MEF on file 2025-05-14
= 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
NOT COMPUTEDunder 3 years of share history on file
= share count now vs 3 years ago
Cash need
HIGH~0 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

Fewer than two cover-page share counts on file, so there is no history to chart.

Cash runway

Going-concern warning

auditor flagged substantial doubt

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

Full breakdown: cash runway tool · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
Public Warrants12.1M$11.5
Private Placement Warrants3.8M$1
Private Placement Warrant3.8M$1
Warrantnot tagged$11.5

Tranches exactly as the company dimensioned them in its 10-Q filed Aug 14, 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: 15.9M underlying shares, as reported Jun 30, 2026 (10-Q).

Convertible notes

NotePrincipalCarryingConv. priceRateIf converted
Convertible Promissory Note$250,000$250,000$5~50,000 sh
April Convertible Notes$150,000$300,000$3~50,000 sh
Second Convertible Note$80,000$80,000$5~16,000 sh
Working Capital Loansnot tagged$8

If every note above converted at its tagged price: ~116,000 new shares. 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 14, 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.

Registrations and offerings

S-1Mar 14, 2025no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 0 executed · 0 registered.

EXECUTEDMay 19, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDMay 16, 2025Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4
REGISTEREDMay 14, 2025S-1MEF registration — capacity to sell shares, not a sale yetS-1MEF
EFFECTIVEMay 14, 2025SEC declared a registration effective — selling can beginEFFECT
REGISTEREDMay 13, 2025S-1/A registration — capacity to sell shares, not a sale yetS-1/A
REGISTEREDMay 9, 2025S-1/A registration — capacity to sell shares, not a sale yetS-1/A
REGISTEREDMay 6, 2025S-1/A registration — capacity to sell shares, not a sale yetS-1/A
REGISTEREDApr 21, 2025S-1/A registration — capacity to sell shares, not a sale yetS-1/A
REGISTEREDMar 14, 2025S-1 registration — capacity to sell shares, not a sale yetS-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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