SEC filing analysis software

From filing language to a clearer dilution picture

Research shelves, ATMs, warrants, and convertibles alongside share supply and cash context. Start with a ticker, review the identified instruments, then inspect the underlying SEC filings.

Start with a company or ticker

Free ticker lookup. Full metrics require a subscription.

View plans and pricing
Follow the evidenceIllustrative workflow

  1. Source documents

    Registration statement + prospectus supplement + financing agreement

  2. Instrument review

    Financing type · pricing terms · status · capacity

  3. Research context

    Shares outstanding · float · cash · runway

The research question: what can add shares, on what terms, and what has actually been issued?

Different documents answer different questions

Use this filing map to decide what to read next. Confirm the terms in the documents and check later amendments and disclosures.

S-1 / S-3Registration statements
Research question: What securities are being registered, and who may sell them?
What to verify: Read the registration status, securities covered, selling stockholders, and use of proceeds. Separate potential capacity from actual sales; a registration alone does not establish that shares were issued.
Prospectus supplementOffering terms
Research question: How may the offering use the registered securities?
What to verify: Check the offering size, pricing terms, distribution method, and use of proceeds. An ATM program limit is potential capacity; look for subsequent disclosures of actual sales and remaining capacity.
8-K + exhibitsFinancing agreements
Research question: What did the company agree to, and has the transaction closed?
What to verify: Read the financing agreement and closing disclosures together. Check warrants, conversion terms, conditions, and amendments rather than relying on the financing headline.
10-Q / 10-KCash and share context
Research question: How does the financing fit the company’s cash needs and share count?
What to verify: Compare dated cash balances, operating cash flows, shares outstanding, and subsequent events. Keep reporting dates aligned and review later filings before treating the figures as current.

Capacity is a possibility, not a completed issuance

Keep registered or available capacity separate from disclosed sales. Read the status, transaction conditions, and later updates before modeling new shares.

Resale is different from cash raised

Check who sells the shares and who receives the proceeds. Selling-stockholder resales do not by themselves mean new cash for the company; read any underlying issuance or exercise terms separately.

Start with the original documents: the SEC’s EDGAR research guide explains common filing types. For shelf and offering mechanics, see the SEC’s Securities Act Rules guidance.

Put the filing research to work

Choose the next step for your research, from a ticker report to a share dilution scenario.

Explore the ticker workflow

See how financing instruments, share supply, and cash context fit into a report.

See how it works

Model a priced issuance

Use a share count and offering price to explore an ownership dilution scenario.

Open the calculator

Work with structured data

Explore API access for bringing dilution research into your own tools.

Explore the API