SMNR — Semnur Pharmaceuticals, Inc. Dilution Risk Tracker

Semnur Pharmaceuticals, Inc. (SMNR) carries a DilutionScore of 79/100, placing it in the Critical dilution risk tier — the highest category tracked by DilutionWatch. Companies at this level typically have active capital-raising programs, compressed cash runway, or a combination of dilution vectors that together represent meaningful downside risk to share count. As of July 14, 2026, this score reflects real-time data pulled directly from SEC EDGAR filings.

DilutionWatch tracks 7.4M outstanding warrants for SMNR. Warrants become dilutive when exercised — converting to common shares at the strike price. Warrants near or in-the-money deserve particular attention since exercise can add materially to the outstanding share count within a short window. Cash runway is a key watch item: SMNR has approximately 0 months of runway at current burn rate. Companies with less than 18 months of runway are statistically more likely to file new shelf registrations or ATM programs within the next two quarters. DilutionWatch monitors SEC 10-Q filings to update this estimate each quarter.

DilutionWatch tracks over 25 SEC filing types for SMNR in real-time, scanning EDGAR every 60 seconds. The DilutionWatch screener shows real-time score changes for SMNR alongside comparable critical-risk stocks. Not financial advice — this analysis is for informational purposes only.