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51 /100
HIGH RISK
Score updated Oct 13, 2026

ELDN — Eledon Pharmaceuticals, Inc. Dilution Risk Tracker

Track ELDN dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, Eledon Pharmaceuticals, Inc. (ELDN) has a DilutionWatch DilutionScore of 51/100, rated HIGH dilution risk. Eledon Pharmaceuticals, Inc. has a market capitalization of $198.28M, 81.26M shares outstanding, 124 institutional holders tracked. Stored dilution-related fields include shelf registration capacity of $500.00M, 20.96M outstanding warrants.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
100
💰 Cash Runway
25
📊 Float Risk
20
⚠️ Warrant Exposure
70
🔄 Convertible Debt
15

Dilution Forecast

🌥️
Advisory
Moderate dilution signals present
model est. 26%
📜 Warrant Exercise model 40%
• Significant warrants: 26% of shares outstanding
• Elevated warrant risk score (70/100)
💰 Capital Raise model 20%
• Active shelf registration ($500M, 252% of market cap)
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Market Data

Market Cap$198.28M
Shares Outstanding81.26M
Float69.93M
Cash$88.76M
Debt$555.0K
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.

FieldCurrent ValueBasis
DilutionScore51/100DilutionWatch score record
Shares Outstanding81.26MVerified float table or market cache
Public Float69.93MVerified float table or market cache
Market Cap$198.28MMarket data cache
Cash Runway18.6 monthsDilutionWatch score inputs
Shelf Capacity$500.00MSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding Warrants20.96MSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 3.

Recent SEC source mix: S-3 1, 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: ↓ 2.2% shares (2026Q1 vs prior)
124 institutional holders · 47.04M shares
#1 VANGUARD CAPITAL MANAGEMENT LLC 6.59M shares
#2 BVF INC/IL 6.29M shares
#3 BlackRock, Inc. 4.38M 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 Interest7.85M
Days to Cover8.8
% of Float11.2%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL WARRANT 2026-03-19
xbrl XBRL CONVERTIBLE 2018-04-02
S-3 SHELF 2026-05-01
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual ELDN Dilution Snapshot

Eledon Pharmaceuticals, Inc. (ELDN) has a DilutionScore of 51/100, rated High dilution risk. Score date: October 13, 2026.

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

ELDN's DilutionScore is currently 51/100 (High risk), with 3 score changes tracked over 89 days. The score improved from 45/100 (Medium risk).

Period Score Risk Level Duration
Sep 28 – Oct 13, 202651/100HIGH16 days
Aug 22 – Sep 27, 202645/100MEDIUM37 days
Aug 14 – Aug 21, 202648/100MEDIUM7 days
Jul 16 – Aug 13, 202645/100MEDIUM29 days

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

Share Dilution History

ELDN shares outstanding have decreased 3.1% from 79.63M (Mar 2026) to 77.19M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 23, 202677.19M69.93M▲ 7.68%
May 21, 202677.19M64.94M▼ 7.14%
May 15, 202677.19M69.93M▲ 1.95%
Mar 23, 202679.63M68.59M▼ 0.45%
Mar 22, 202679.63M68.90M▲ 26.56%

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

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