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

TaoWeave, Inc. (TWAV)

CIK 746210 · 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$100M 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
HIGHwarrants = 58% 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
MEDIUM+32% 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
HIGH~2.9 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

2020-11-092026-08-05

Latest: 3.9M shares as of Aug 5, 2026 (10-Q). Share count fell from 28.2M to 1.1M between Aug 6, 2024 and Nov 5, 2024, a pattern consistent with a reverse split (roughly 1-for-25); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

~3 months of cash left

critical · burning $753,750 / quarter

Full breakdown: cash runway tool · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
Common Warrants2.5M$3.55
Second Warrants Issued On March3120231.2M$3.41
Common Warrants Issued On June302024390,959$3.41
Q22025 Prefunded Warrants342,070$3.77
Placement Agent Warrants153,470not tagged
Q12023 Placement Agent Warrants153,470$3.41
Q32025 Common Warrants152,519$3.77
Closing Warrant100,000$3.41
Tranche A Warrants100,000$4.5
Tranche B Warrants100,000$5.5
Advisor Warrants100,000$3.77
Q22026 Closing Warrant100,000$3.41

Tranches exactly as the company dimensioned them in its 10-Q filed Aug 7, 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: 2.3M underlying shares, as reported Mar 31, 2025 (10-Q).

Reported exercise price: $1.72 (aggregate figure as tagged; individual tranches vary).

Balance-sheet fair value of warrants: $33,000 as of Sep 30, 2012.

Down-round (price protection) accounting has been tagged in this filer’s XBRL: some instrument carries repricing protection. Which tranche requires reading the exhibits.

Rough fully diluted estimate: 6.1M = 3.9M O/S + 2.3M 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 7, 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 outstanding3.9MAug 5, 2026
+ Common Warrants (if exercised)2.5MJun 30, 2026
+ Second Warrants Issued On March312023 (if exercised)1.2MJun 30, 2026
+ Common Warrants Issued On June302024 (if exercised)390,959Jun 30, 2026
+ Q22025 Prefunded Warrants (if exercised)342,070Jun 30, 2026
+ Placement Agent Warrants (if exercised)153,470Mar 31, 2026
+ Q12023 Placement Agent Warrants (if exercised)153,470Jun 30, 2026
+ Q32025 Common Warrants (if exercised)152,519Jun 30, 2026
+ Closing Warrant (if exercised)100,000May 29, 2026
+ Tranche A Warrants (if exercised)100,000May 29, 2026
+ Tranche B Warrants (if exercised)100,000May 29, 2026
+ Advisor Warrants (if exercised)100,000Jun 30, 2026
+ Q22026 Closing Warrant (if exercised)100,000Jun 30, 2026
Fully diluted estimate9.3M+140.4% 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: $100.0Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3Apr 2, 2026$100.0M registeredfiling →
S-3Jun 20, 2025no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →
S-3Oct 4, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 1 executed · 1 registered.

EXECUTEDJun 3, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EFFECTIVEApr 10, 2026SEC declared a registration effective — selling can beginEFFECT
REGISTEREDApr 2, 2026S-3 registration — capacity to sell shares, not a sale yetS-3
EFFECTIVEAug 1, 2025SEC declared a registration effective — selling can beginEFFECT
REGISTEREDJul 29, 2025S-3/A registration — capacity to sell shares, not a sale yetS-3/A
REGISTEREDJul 18, 2025S-3/A registration — capacity to sell shares, not a sale yetS-3/A
REGISTEREDJun 20, 2025S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDJun 13, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJun 6, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EFFECTIVEOct 16, 2024SEC declared a registration effective — selling can beginEFFECT
REGISTEREDOct 4, 2024S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDSep 20, 2024Unregistered share sale disclosed (8-K item 3.02)8-K

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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