Is ZEOWW diluting shareholders?

Read three numbers together: shares outstanding over time (see chart), warrants that can convert into new shares (27.8M reported), and how much cash runway remains (~3.3853810556409587 months). A company short on cash with live registrations is structurally likely to issue shares.

Where do these numbers come from?

SEC EDGAR only: the XBRL company-facts API for shares, warrants and cash, and filing metadata for registrations and pricings. Every figure shows its source form, and nothing here is estimated by us beyond the arithmetic stated next to it.

Why might a warrant tranche be missing from the table?

The tranche table is built from the dimensions the company tagged in its own 10-Q or 10-K XBRL. A tranche the filer chose not to dimension does not appear, and its absence proves nothing: the exhibits remain the ground truth. Everything shown carries the filing it came from.

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

Zeo Energy Corp. (ZEOWW)

CIK 1865506 · all EDGAR filings →

Overall dilution risk

HIGHworst of 2 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$172M 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

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~3.4 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

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

Cash runway

~3 months of cash left

critical · burning $2.2M / quarter

Full breakdown: cash runway tool · source filing →

Warrants

Warrants outstanding: 27.8M underlying shares, as reported Dec 31, 2023 (10-K).

Reported exercise price: $0.01 (aggregate figure as tagged; individual tranches vary).

Balance-sheet fair value of warrants: $532,680 as of Jun 30, 2026.

Convertible notes

Note	Principal	Carrying	Conv. price	Rate	If converted
Convertible Note	$1.7M	$529,082	not tagged	—	—

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

Registered offering capacity on live registrations: $172.2Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3Aug 24, 2026$151.8M registeredfiling →

S-1Oct 28, 2025$20.5M registeredfiling →

S-1Apr 17, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 2 executed · 3 registered.

UPDATEOct 14, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →

EFFECTIVEOct 13, 2026SEC declared a registration effective — selling can beginEFFECT →

REGISTEREDOct 8, 2026S-3/A registration — capacity to sell shares, not a sale yetS-3/A →

REGISTEREDAug 24, 2026S-3 registration — capacity to sell shares, not a sale yetS-3 →

EXECUTEDJun 15, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →

UPDATEFeb 3, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →

EFFECTIVEJan 30, 2026SEC declared a registration effective — selling can beginEFFECT →

REGISTEREDJan 28, 2026S-1/A registration — capacity to sell shares, not a sale yetS-1/A →

EXECUTEDJan 27, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →

REGISTEREDOct 28, 2025S-1 registration — capacity to sell shares, not a sale yetS-1 →

UPDATEAug 21, 2025Resale prospectus — existing holders registering to sell424B7 →

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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