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

WESTWATER RESOURCES, INC. (WWR)

CIK 839470 · 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
HIGHS-1/A on file 2024-10-09
= 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
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+141% 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~46.3 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

2020-11-122026-08-10

Latest: 128.6M shares as of Aug 10, 2026 (10-Q). Share count fell from 74.4M to 1.5M between Feb 15, 2019 and May 7, 2019, a pattern consistent with a reverse split (roughly 1-for-50); 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 · source filing →

Warrants

Warrants outstanding: 0 underlying shares, as reported Sep 30, 2021 (10-Q).

Reported exercise price: $5.062 (aggregate figure as tagged; individual tranches vary).

Rough fully diluted estimate: 128.6M = 128.6M 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
Seriesa 1 Convertible Note$5.0M$0.63~7.9M sh
Series B 1 Convertible Note$5.0M$0.83~6.0M sh

If every note above converted at its tagged price: ~14.0M new shares on 128.6M 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 10, 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 outstanding128.6MAug 10, 2026
+ Warrants (aggregate, as tagged) (if exercised)0Sep 30, 2021
+ Seriesa 1 Convertible Note (if fully converted)7.9MJun 13, 2025
+ Series B 1 Convertible Note (if fully converted)6.0MAug 7, 2025
Fully diluted estimate142.5M+10.9% 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

S-1Sep 6, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →
S-3Jul 3, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 1 executed · 0 registered.

EXECUTEDOct 17, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDAug 7, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDJun 13, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDMar 21, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
UPDATEOct 18, 2024Prospectus update — often a resale registration, not necessarily new capital424B3
EFFECTIVEOct 11, 2024SEC declared a registration effective — selling can beginEFFECT
REGISTEREDOct 9, 2024S-1/A registration — capacity to sell shares, not a sale yetS-1/A
REGISTEREDSep 6, 2024S-1 registration — capacity to sell shares, not a sale yetS-1
EXECUTEDAug 30, 2024Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDAug 30, 2024Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EFFECTIVEAug 29, 2024SEC declared a registration effective — selling can beginEFFECT
REGISTEREDAug 26, 2024S-3/A registration — capacity to sell shares, not a sale yetS-3/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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