What is NBTX's dilution risk score?

NBTX 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 NBTX, 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 NBTX?

DilutionWatch tracks 25 SEC filing types for NBTX 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 NBTX shareholders?

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

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

NBTX Dilution Risk Score: 41/100 (MEDIUM)

Score Breakdown

📋 Offering Ability

💰 Cash Runway

📊 Float Risk

⚠️ Warrant Exposure

🔄 Convertible Debt

Dilution Forecast

☀️

Clear

No significant dilution signals

model est. 0%

No significant dilution signals detected for NBTX.

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Market Data

Market Cap$1.13B

Shares Outstanding48.41M

Float31.82M

Cash$61.50M

Debt$111.13M

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	48.41M	Verified float table or market cache
Public Float	31.82M	Verified float table or market cache
Market Cap	$1.13B	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: ↑ 197.7% shares (2026Q1 vs prior)

16 institutional holders · 16.97M shares

#1 JOHNSON & JOHNSON 16.87M shares

#2 MORGAN STANLEY 61.6K shares

#3 Optiver Holding B.V. 13.5K shares

+ 13 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 Interest146.9K

Days to Cover1.0

% of Float0.5%

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

NBTX's DilutionScore is currently 41/100 (Medium risk), with 2 score changes tracked over 89 days. The score improved from 33/100 (Medium risk).

Period	Score	Risk Level	Duration
Oct 10 – Oct 13, 2026	41/100	MEDIUM	4 days
Jul 17 – Oct 09, 2026	33/100	MEDIUM	84 days
Jul 16, 2026	34/100	MEDIUM	1 day

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

Share Dilution History

NBTX shares outstanding have increased 4.8% from 48.39M (Mar 2026) to 50.71M (May 2026). Each increase represents potential dilution to existing shareholders.

Date	Shares Outstanding	Public Float	Change
May 30, 2026	50.71M	31.82M	▲ 2.44%
Apr 20, 2026	48.50M	31.07M	▲ 0.03%
Apr 08, 2026	48.47M	31.06M	▼ 0.08%
Apr 04, 2026	48.47M	31.08M	▲ 0.44%
Mar 23, 2026	48.39M	30.95M	▲ 0.05%

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

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