What is EQ's dilution risk score?

EQ currently has a DilutionScore of 53/100, indicating high dilution risk. DilutionWatch monitors EQ SEC filings in real-time, scanning EDGAR every 60 seconds for shelf registrations, ATM offerings, warrant exercises, PIPE deals, and reverse split signals.

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: 53/100 (HIGH)

📊 Score Breakdown

📋 Offering Ability

66

💰 Cash Runway

10

📊 Float Risk

50

⚠️ Warrant Exposure

40

🔄Convertible Debt—

🌦️ Dilution Forecast

⛅

Watch

Minor dilution signals detected

17%

💰 Capital Raise 20%

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

🔄 Reverse Split 15%

• 52-week low $0.27 has breached $1

🔁 Convertible Conversion 15%

• Convertible debt present: 5.6% potential dilution

🔔 Track EQ — Get forecast alerts →

💹 Market Data

Market Cap$183.36M

Shares Outstanding63.23M

Float31.50M

Cash$61.32M

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 →

📉 Short Interest

Short Interest5.11M

Days to Cover6.7

% of Float16.2%

FINRA data as of Jun 30, 2026

👤 Insider Buy/Sell Ratio

📁 Recent SEC Activity

xbrl XBRL WARRANT Jul 07, 2026

xbrl XBRL CONVERTIBLE Dec 31, 2018

4 INSIDER TRANSACTION Jun 05, 2026

4 INSIDER TRANSACTION May 29, 2026

Full SEC filing analysis available with free account →

📰 Recent News

No recent news

📋 What This Means for EQ Shareholders

Equillium, Inc. (EQ) has a DilutionScore of 53/100, placing it in the High dilution risk tier. This score reflects at least one active dilution mechanism — a shelf registration, ATM program, outstanding warrants, or limited cash runway — that could materially increase the share count over the next 12–18 months. Score as of July 14, 2026, updated from SEC EDGAR data.

The most significant dilution vector for EQ is its shelf registration capacity of $35.0M. A shelf registration (typically an S-3 filing) gives a company pre-approved access to raise capital quickly without a traditional roadshow. The registered amount represents the maximum that can be raised — not necessarily what will be raised — but active shelves combined with tight cash positions are the pattern DilutionWatch monitors most closely.

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

Understanding Shelf Registrations →