What is ARMP's dilution risk score?

ARMP has a latest available DilutionScore record of 65/100, categorized as high dilution risk by the DilutionWatch scoring model. DilutionWatch displays SEC filing and dilution indicators for ARMP, including shelf registrations, ATM offerings, warrant exercises, PIPE deals, and reverse split signals when detected in source data.

What SEC filings does DilutionWatch track for ARMP?

DilutionWatch tracks 25 SEC filing types for ARMP including S-3 shelf registrations, 424B prospectuses (ATM offerings), S-1 registration statements, 8-K material events, warrant exercise notices, convertible note agreements, and Form 4 insider transactions. Alerts are delivered via email within minutes of a filing appearing on EDGAR.

How does stock dilution affect ARMP shareholders?

Stock dilution occurs when a company issues new shares, reducing the ownership percentage of existing shareholders. For ARMP, common dilution events include at-the-market (ATM) stock offerings, shelf registration drawdowns, warrant exercises, and convertible note conversions. Each event increases the share count and can pressure the stock price lower.

Is DilutionWatch free for ARMP tracking?

DilutionWatch provides a free tier that shows DilutionScores and basic filing history for ARMP. Premium plans ($19.95/month Basic, $39.95/month Premium) unlock real-time email alerts, the full Pulse™ feed, advanced dilution forecasts, and access to all 10,000+ tracked tickers.

ARMP Dilution Risk Score: 65/100

Score Breakdown

📋 Offering Ability

💰 Cash Runway

📊Float Risk—

⚠️ Warrant Exposure

🔄 Convertible Debt

Dilution Forecast

🌥️

Advisory

Moderate dilution signals present

model est. 35%

📜 Warrant Exercise model 40%

• Significant warrants: 29% of shares outstanding

• Elevated warrant risk score (70/100)

🔁 Convertible Conversion model 40%

• Significant convertible debt: 22% potential dilution

• Elevated convertible risk (60/100)

💰 Capital Raise model 15%

• Under 12 months cash (7mo)

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Market Data

Market Cap$134.97M

Shares Outstanding37.18M

FloatN/A

Cash$23.95M

Debt$373.67M

Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

Field	Current Value	Basis
DilutionScore	65/100	DilutionWatch score record
Shares Outstanding	37.18M	Verified float table or market cache
Public Float	Not available	Verified float table or market cache
Market Cap	$134.97M	Market data cache
Cash Runway	6.9 months	DilutionWatch score inputs
Shelf Capacity	None in current score inputs	SEC-derived dilution fields
ATM Capacity	None in current score inputs	SEC-derived dilution fields
Outstanding Warrants	10.66M	SEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 7.

Recent SEC source mix: 4 5, XBRL 2.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↑ 245.9% shares (2026Q1 vs prior)

45 institutional holders · 4.34M shares

#1 Madison Asset Management, LLC 2.11M shares

#2 VANGUARD CAPITAL MANAGEMENT LLC 732.1K shares

#3 MILLENNIUM MANAGEMENT LLC 258.0K shares

+ 17 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest964.2K

Days to Cover6.0

% of FloatN/A

FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL WARRANT 2026-08-12

xbrl XBRL CONVERTIBLE 2025-03-21

4 INSIDER TRANSACTION 2026-03-17

4 INSIDER TRANSACTION 2026-03-11

Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual ARMP Dilution Snapshot

Armata Pharmaceuticals, Inc. (ARMP) has a DilutionScore of 65/100, rated High dilution risk. Score date: October 13, 2026.

Stored outstanding warrants: 10.7M.
Recent SEC activity tracked for ARMP: xbrl on 2026-08-12; 4 on 2026-03-17; 4 on 2026-03-17.
Score coverage note: Float Risk is excluded because public-float data is unavailable.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

ARMP's DilutionScore is currently 65/100 (High risk), with 3 score changes tracked over 89 days. The score improved from 61/100 (High risk).

Period	Score	Risk Level	Duration
Oct 10 – Oct 13, 2026	65/100	HIGH	4 days
Sep 28 – Oct 09, 2026	61/100	HIGH	12 days
Aug 22 – Sep 27, 2026	56/100	HIGH	37 days
Jul 16 – Aug 21, 2026	65/100	HIGH	36 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

ARMP shares outstanding have increased 0.8% from 36.41M (Mar 2026) to 36.71M (May 2026). Each increase represents potential dilution to existing shareholders.

Date	Shares Outstanding	Public Float	Change
May 15, 2026	36.71M	11.32M	▲ 0.03%
May 08, 2026	36.70M	11.32M	▲ 0.38%
Apr 01, 2026	36.63M	11.27M	▲ 1.41%
Mar 27, 2026	36.63M	11.12M	▲ 0.83%
Mar 20, 2026	36.41M	11.02M	▼ 0.04%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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