What is HWAIF's dilution risk score?

HWAIF has a latest available DilutionScore record of 41/100, categorized as medium dilution risk by the DilutionWatch scoring model. DilutionWatch displays SEC filing and dilution indicators for HWAIF, 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 HWAIF?

DilutionWatch tracks 25 SEC filing types for HWAIF 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 HWAIF shareholders?

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

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

HWAIF Dilution Risk Score: 41/100 (MEDIUM)

Score Breakdown

📋 Offering Ability

💰 Cash Runway

📊 Float Risk

⚠️ Warrant Exposure

🔄 Convertible Debt

Dilution Forecast

🌥️

Advisory

Moderate dilution signals present

model est. 27%

🔄 Reverse Split model est. 55%

• 50-day avg $0.64 below $1 exchange minimum

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Market Data

Market Cap$138.91M

Shares Outstanding295.56M

Float185.68M

Cash$15.91M

Debt$62.87M

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.

Field	Current Value	Basis
DilutionScore	41/100	DilutionWatch score record
Shares Outstanding	295.56M	Verified float table or market cache
Public Float	185.68M	Verified float table or market cache
Market Cap	$138.91M	Market data cache
Cash Runway	Not available	DilutionWatch score inputs
Shelf Capacity	None in current score inputs	SEC-derived dilution fields
ATM Capacity	None in current score inputs	SEC-derived dilution fields
Outstanding Warrants	None in current score inputs	SEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 0.

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: ↑ 28.8% shares (2026Q1 vs prior)

1 institutional holders · 10.3K shares

#1 Hurley Capital, LLC 10.3K shares

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 Interest3.60M

Days to Cover55.2

% of Float1.9%

FINRA data as of Sep 30, 2026

Recent SEC Activity

No recent SEC insights

Recent News

No recent news available for this ticker.

DilutionScore History — Last 90 Days

HWAIF's DilutionScore is currently 41/100 (Medium risk), with 1 score change tracked over 89 days. The score deteriorated from 42/100 (Medium risk).

Period	Score	Risk Level	Duration
Sep 16 – Oct 13, 2026	41/100	MEDIUM	28 days
Jul 16 – Sep 15, 2026	42/100	MEDIUM	61 days

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

Share Dilution History

HWAIF shares outstanding have increased 5.4% from 278.40M (Mar 2026) to 293.32M (May 2026). Each increase represents potential dilution to existing shareholders.

Date	Shares Outstanding	Public Float	Change
May 10, 2026	293.32M	185.68M	▲ 15.95%
May 01, 2026	293.32M	160.13M	▲ 0.10%
Apr 26, 2026	293.32M	159.97M	▲ 0.14%
Apr 18, 2026	293.32M	159.72M	▼ 0.18%
Apr 07, 2026	293.32M	160.01M	▲ 0.09%
Mar 26, 2026	293.32M	159.86M	▲ 6.28%
Mar 14, 2026	278.40M	150.71M	▲ 0.30%

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

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