What is NL's dilution risk score?

NL has a latest available DilutionScore record of 34/100, categorized as medium dilution risk by the DilutionWatch scoring model. DilutionWatch displays SEC filing and dilution indicators for NL, 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 NL?

DilutionWatch tracks 25 SEC filing types for NL 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 NL shareholders?

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

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

NL Dilution Risk Score: 34/100 (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 NL.

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Market Data

Market Cap$329.58M

Shares Outstanding48.90M

Float8.30M

Cash$118.92M

Debt$1.43M

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	34/100	DilutionWatch score record
Shares Outstanding	48.90M	Verified float table or market cache
Public Float	8.30M	Verified float table or market cache
Market Cap	$329.58M	Market data cache
Cash Runway	38.6 months	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: ↑ 2.1% shares (2026Q1 vs prior)

75 institutional holders · 5.99M shares

#1 DIMENSIONAL FUND ADVISORS LP 2.09M shares

#2 VANGUARD CAPITAL MANAGEMENT LLC 642.4K shares

#3 BlackRock, Inc. 529.7K 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 Interest132.5K

Days to Cover6.4

% of Float1.6%

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

NL's DilutionScore has held steady at 34/100 (Medium risk) for 89 consecutive days across the tracked period.

Period	Score	Risk Level	Duration
Jul 16 – Oct 13, 2026	34/100	MEDIUM	89 days

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

Share Dilution History

NL shares outstanding have increased 0.1% from 48.86M (May 2026) to 48.90M (May 2026). Each increase represents potential dilution to existing shareholders.

Date	Shares Outstanding	Public Float	Change
May 30, 2026	48.90M	8.30M	▲ 0.36%
May 18, 2026	48.86M	8.27M	▼ 0.43%

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

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DilutionWatch monitors SEC filings 24/7 and alerts you the moment NL files a shelf registration, ATM offering, warrant notice, or convertible note. Free tier available — no credit card required.

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📖 Dilution Education

→ Complete Dilution Guide for Retail Investors → Anti-Dilution Provisions Explained → Stock Dilution Red Flags to Watch → Understanding Shelf Registrations

NL — NLI Holdings, Inc. Dilution Risk Tracker