CECO — CECO Environmental Corp. Dilution Risk Tracker

CECO Environmental Corp. (CECO) has a DilutionScore of 29/100, rated Medium dilution risk. This tier indicates some dilution exposure — often an older shelf registration with remaining capacity, warrants not yet exercised, or a cash position that will require monitoring over the next several quarters. Score as of July 13, 2026.

CECO has an active ATM (at-the-market) program with $334.0M remaining capacity. ATM programs allow companies to sell shares continuously into the open market through a broker-dealer — without announcing a secondary offering. This creates a silent but steady source of share dilution that shows up in quarterly share count increases rather than a discrete offering event. DilutionWatch tracks 250,000 outstanding warrants for CECO. Warrants become dilutive when exercised — converting to common shares at the strike price. Warrants near or in-the-money deserve particular attention since exercise can add materially to the outstanding share count within a short window.

DilutionWatch tracks over 25 SEC filing types for CECO in real-time, scanning EDGAR every 60 seconds. The DilutionWatch screener shows real-time score changes for CECO alongside comparable medium-risk stocks. Not financial advice — this analysis is for informational purposes only.