What is CADL's dilution risk score?

CADL has a latest available DilutionScore record of 27/100, categorized as medium dilution risk by the DilutionWatch scoring model. DilutionWatch displays SEC filing and dilution indicators for CADL, 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 CADL?

DilutionWatch tracks 25 SEC filing types for CADL 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 CADL shareholders?

Stock dilution occurs when a company issues new shares, reducing the ownership percentage of existing shareholders. For CADL, 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 CADL tracking?

DilutionWatch provides a free tier that shows DilutionScores and basic filing history for CADL. 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.

CADL Dilution Risk Score: 27/100 (MEDIUM)

Score Breakdown

📋 Offering Ability

42

💰 Cash Runway

0

📊 Float Risk

30

⚠️ Warrant Exposure

40

🔄 Convertible Debt

40

Dilution Forecast

☀️

Clear

No significant dilution signals

model est. 9%

💰 Capital Raise model 18%

• Active ATM program with $100M remaining capacity

🔔 Track CADL — Get forecast alerts →

Market Data

Market Cap$608.14M

Shares Outstanding76.52M

Float56.91M

Cash$201.56M

Debt$1.73M

Short InterestN/A

Institutional Holdings

QoQ: ↑ 95.6% shares (2026Q1 vs prior)

115 institutional holders · 47.20M shares

#1 FMR LLC 10.99M shares

#2 RTW INVESTMENTS, LP 6.42M shares

#3 VANGUARD CAPITAL MANAGEMENT LLC 4.93M 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 Interest12.66M

Days to Cover10.4

% of Float22.2%

FINRA data as of Jul 31, 2026

Insider Buy/Sell Ratio

Recent SEC Activity

xbrl XBRL WARRANT 2025-12-31

4 INSIDER TRANSACTION 2026-04-02

4 INSIDER TRANSACTION 2026-02-26

Full SEC filing analysis available with free account →

Recent News

No recent news

Factual CADL Dilution Snapshot

Candel Therapeutics, Inc. (CADL) has a DilutionScore of 27/100, rated Medium dilution risk. Score date: August 28, 2026.

Stored ATM program remaining capacity: $100.0M.
Recent SEC activity tracked for CADL: 4 on 2026-04-02; 4 on 2026-04-02; 4 on 2026-04-02.

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.