What is SAX's dilution risk score?

SAX has a latest available DilutionScore record of 35/100, categorized as medium dilution risk by the DilutionWatch scoring model. DilutionWatch displays SEC filing and dilution indicators for SAX, 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 SAX?

DilutionWatch tracks 25 SEC filing types for SAX 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 SAX shareholders?

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

DilutionWatch provides a free tier that shows DilutionScores and basic filing history for SAX. 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 8,500+ active tickers monitored.

SAX Dilution Risk Score: 35/100

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 SAX.

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Market Data

Market Cap$388.21M

Shares Outstanding15.56M

FloatN/A

Cash$80.09M

Debt$902.38M

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	35/100	DilutionWatch score record
Shares Outstanding	15.56M	Verified float table or market cache
Public Float	Not available	Verified float table or market cache
Market Cap	$388.21M	Market data cache
Cash Runway	18.3 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: 1.

Recent SEC source mix: XBRL 1.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

Institutional data not yet available.

Short Interest

Short Interest12.3K

Days to Cover1.0

% of FloatN/A

FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL CONVERTIBLE 2023-01-10

Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual SAX Dilution Snapshot

SARATOGA INVESTMENT CORP. (SAX) has a DilutionScore of 35/100, rated Medium dilution risk. Score date: October 24, 2026.

Recent SEC activity tracked for SAX: xbrl on 2023-01-10.
Score coverage note: Float Risk is excluded because public-float data is unavailable.

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

SAX's DilutionScore is currently 35/100 (Medium risk), with 1 score change tracked over 90 days. The score deteriorated from 49/100 (Medium risk).

Period	Score	Risk Level	Duration
Oct 14 – Oct 24, 2026	35/100	MEDIUM	11 days
Jul 27 – Oct 13, 2026	49/100	MEDIUM	79 days

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

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

Score Coverage Note

Float Risk is excluded because public-float data is unavailable.

SAX — SARATOGA INVESTMENT CORP. Dilution Risk Tracker