What is SPAUF's dilution risk score?

SPAUF has a latest available DilutionScore record of 36/100, categorized as medium dilution risk by the DilutionWatch scoring model. DilutionWatch displays SEC filing and dilution indicators for SPAUF, 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 SPAUF?

DilutionWatch tracks 25 SEC filing types for SPAUF 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 SPAUF shareholders?

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

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

SPAUF Dilution Risk Score: 36/100 (MEDIUM)

Score Breakdown

📋 Offering Ability

💰 Cash Runway

📊 Float Risk

⚠️ Warrant Exposure

🔄 Convertible Debt

Dilution Forecast

🌥️

Advisory

Moderate dilution signals present

model est. 27%

🔄 Reverse Split model est. 55%

• 50-day avg $0.22 below $1 exchange minimum

🔔 Track SPAUF — Get forecast alerts →

Market Data

Market Cap$86.81M

Shares Outstanding510.66M

Float360.46M

Cash$2.78M

Debt$120.1K

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	36/100	DilutionWatch score record
Shares Outstanding	510.66M	Verified float table or market cache
Public Float	360.46M	Verified float table or market cache
Market Cap	$86.81M	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

0.5% institutional ownership

Source: Yahoo Finance · Detailed 13F holder data available for tracked tickers

🔔 Track SPAUF for full holder detail →

Short Interest

Short Interest3.59M

Days to Cover12.5

% of Float1.0%

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

SPAUF's DilutionScore has held steady at 36/100 (Medium risk) for 89 consecutive days across the tracked period.

Period	Score	Risk Level	Duration
Jul 16 – Oct 13, 2026	36/100	MEDIUM	89 days

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

Share Dilution History

SPAUF shares outstanding have increased 4.1% from 490.54M (Mar 2026) to 510.66M (May 2026). Each increase represents potential dilution to existing shareholders.

Date	Shares Outstanding	Public Float	Change
May 17, 2026	510.66M	360.46M	▼ 0.32%
May 09, 2026	510.66M	359.87M	▼ 1.41%
May 01, 2026	510.66M	365.00M	▼ 0.02%
Apr 11, 2026	490.54M	365.10M	▼ 0.44%
Apr 10, 2026	490.54M	366.72M	▲ 2.37%
Mar 26, 2026	490.54M	356.42M	▲ 0.12%
Mar 23, 2026	490.54M	355.99M	▲ 0.80%

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

Track SPAUF Dilution Risk in Real-Time

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

Start Tracking SPAUF — Free

Email alert within minutes of any SEC filing Daily DilutionScore™ recalculation Score history & trend tracking Tracks 8,000+ tickers simultaneously