Tool
Warrant Overhang
How much dilution is hiding in the cap table? Look up any ticker to see active warrants, exercise scenarios, ITM/OTM split, and when placement shares unlock.
For entertainment purposes only. Verify against SEDAR+ before any trade.
Enter a ticker to see warrant overhang, dilution risk, and share unlock timeline.
How to read this
- Total dilution — share count added if every warrant exercises, as a % of float. Above 20% is meaningful overhang.
- In-the-money % — only the warrants whose strike is below current price. These are the ones actually being exercised when liquidity arrives.
- Exercise scenarios — what dilution and cash inflow look like if price hits 1.5×, 2×, 3× current. Useful for sizing a position around the cliff.
- Shares unlocking — free-trading dates from private placements (4mo+1d after closing under NI 45-102). Selling pressure typically arrives within the first week of an unlock.
- Source: Prospectus vs PR — Prospectus rows are auto-extracted from filings (authoritative, SEDAR/EDGAR). PR rows are from press release announcements. Click either to see the underlying source.
This tool is for informational purposes only and is not investment advice. Warrant terms are auto-extracted by AI from filings and press releases — always verify against the original SEDAR+ / EDGAR document before making any trade decision.