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43 /100
MEDIUM RISK
Score updated Oct 13, 2026

NRXP — NRx Pharmaceuticals, Inc. Dilution Risk Tracker

Track NRXP dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, NRx Pharmaceuticals, Inc. (NRXP) has a DilutionWatch DilutionScore of 43/100, rated MEDIUM dilution risk. NRx Pharmaceuticals, Inc. has a market capitalization of $123.39M, 43.30M shares outstanding, 35 institutional holders tracked. Stored dilution-related fields include ATM program capacity of $20.00M, 8.99M outstanding warrants.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
50
💰 Cash Runway
25
📊 Float Risk
50
⚠️ Warrant Exposure
70
🔄 Convertible Debt
15

Dilution Forecast

🌥️
Advisory
Moderate dilution signals present
model est. 25%
📜 Warrant Exercise model 40%
• Significant warrants: 21% of shares outstanding
• Elevated warrant risk score (70/100)
💰 Capital Raise model 18%
• Active ATM program with $20M remaining capacity
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Market Data

Market Cap$123.39M
Shares Outstanding43.30M
Float30.45M
Cash$26.69M
Debt$11.98M
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.

FieldCurrent ValueBasis
DilutionScore43/100DilutionWatch score record
Shares Outstanding43.30MVerified float table or market cache
Public Float30.45MVerified float table or market cache
Market Cap$123.39MMarket data cache
Cash Runway18.3 monthsDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM Capacity$20.00MSEC-derived dilution fields
Outstanding Warrants8.99MSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 7.

Recent SEC source mix: 3 1, 4 1, 424B5 1, 8-K 2, XBRL 2.

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: ↑ 42.8% shares (2026Q1 vs prior)
35 institutional holders · 7.62M shares
#1 B Group, Inc. 3.00M shares
#2 VANGUARD CAPITAL MANAGEMENT LLC 2.32M shares
#3 AdvisorShares Investments LLC 420.5K 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 Interest9.79M
Days to Cover14.0
% of Float32.2%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL WARRANT 2026-08-14
xbrl XBRL CONVERTIBLE 2026-03-23
8-K 8K EVENT 2026-03-24
4 INSIDER TRANSACTION 2026-02-17
3 FORM3 2026-02-17
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual NRXP Dilution Snapshot

NRx Pharmaceuticals, Inc. (NRXP) has a DilutionScore of 43/100, rated Medium dilution risk. Score date: October 13, 2026.

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.

DilutionScore History — Last 90 Days

NRXP's DilutionScore is currently 43/100 (Medium risk), with 3 score changes tracked over 89 days. The score improved from 33/100 (Medium risk).

Period Score Risk Level Duration
Oct 01 – Oct 13, 202643/100MEDIUM13 days
Aug 22 – Sep 30, 202633/100MEDIUM40 days
Aug 14 – Aug 21, 202656/100HIGH7 days
Jul 16 – Aug 13, 202650/100MEDIUM29 days

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

Share Dilution History

NRXP shares outstanding have increased 13.7% from 31.87M (Mar 2026) to 36.23M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 25, 202636.23M30.45M▲ 8.76%
May 23, 202636.23M28.00M▼ 6.45%
May 17, 202633.07M29.93M▲ 23.44%
Mar 28, 202633.07M24.24M▲ 1.34%
Mar 27, 202633.07M23.92M▼ 0.10%
Mar 26, 202631.87M23.95M▲ 17.69%

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

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