What is EQ's dilution risk score?

EQ has a latest available DilutionScore record of 64/100, categorized as high dilution risk by the DilutionWatch scoring model. DilutionWatch displays SEC filing and dilution indicators for EQ, 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 EQ?

DilutionWatch tracks 25 SEC filing types for EQ 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 EQ shareholders?

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

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

EQ Dilution Risk Score: 64/100 (HIGH)

Score Breakdown

📋 Offering Ability

66

💰 Cash Runway

25

📊 Float Risk

60

⚠️ Warrant Exposure

70

🔄 Convertible Debt

35

Dilution Forecast

🌥️

Advisory

Moderate dilution signals present

model est. 29%

📜 Warrant Exercise model 40%

• Significant warrants: 28% of shares outstanding

• Elevated warrant risk score (70/100)

💰 Capital Raise model 20%

• Active shelf registration ($35M, 19% of market cap)

🔄 Reverse Split model est. 15%

• 52-week low $0.27 has breached $1

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Market Data

Market Cap$183.36M

Shares Outstanding63.41M

Float31.50M

Cash$57.16M

Debt$7.55M

Short InterestN/A

Institutional Holdings

QoQ: ↑ 23.4% shares (2026Q1 vs prior)

51 institutional holders · 52.47M shares

#1 JANUS HENDERSON GROUP PLC 12.99M shares

#2 Woodline Partners LP 7.00M shares

#3 ADAGE CAPITAL PARTNERS GP, L.L.C. 5.33M 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 Interest5.42M

Days to Cover11.8

% of Float17.2%

FINRA data as of Jul 31, 2026

Insider Buy/Sell Ratio

Recent SEC Activity

xbrl XBRL CONVERTIBLE 2018-12-31

4 INSIDER TRANSACTION 2026-06-05

4 INSIDER TRANSACTION 2026-05-29

Full SEC filing analysis available with free account →

Recent News

No recent news

Factual EQ Dilution Snapshot

Equillium, Inc. (EQ) has a DilutionScore of 64/100, rated High dilution risk. Score date: August 28, 2026.

Stored shelf registration capacity: $35.0M.
Stored outstanding warrants: 17.7M.
Recent SEC activity tracked for EQ: 4 on 2026-06-05; 4 on 2026-06-05; 4 on 2026-05-29.

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.

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EQ — Equillium, Inc. Dilution Risk Tracker