53 /100
HIGH RISK
Score updated Apr 13, 2026

TENX

Tenax Therapeutics, Inc. — Stock Dilution Tracker

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

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📊 Score Breakdown
📋 Offering Ability
90
💰 Cash Runway
0
📊 Float Risk
22
⚠️ Warrant Exposure
90
🔄Convertible Debt
🌦️ Dilution Forecast
⛈️
Warning
High probability of dilution event
39%
📜 Warrant Exercise 60%
• Massive warrant overhang: 185% of shares outstanding
• Warrant risk score very high (90/100)
💰 Capital Raise 20%
• Active shelf registration ($300M, 121% of market cap)
🔁 Convertible Conversion 15%
• Convertible debt present: 5.4% potential dilution
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💹 Market Data
Market Cap$248.08M
Shares Outstanding17.20M
Float17.17M
Cash$97.56M
DebtN/A
Short InterestN/A
🏛 Institutional Holdings
10 institutional holders · 4.52M shares
#1 Ikarian Capital, LLC 967.6K shares
#2 Morgan Stanley 596.4K shares
#3 Perceptive Advisors Llc 439.1K shares
+ 7 more holders Sign up free to view →
📉 Short Interest
Short Interest172.7K
Days to Cover1.0
% of Float1.0%
FINRA data as of Mar 31, 2026
📁 Recent SEC Activity
xbrl XBRL WARRANT Dec 31, 2025
xbrl XBRL CONVERTIBLE Dec 31, 2025
EFFECT EFFECT Apr 01, 2026
S-3 SHELF Mar 24, 2026
4 INSIDER TRANSACTION Feb 03, 2026
Full SEC filing analysis available with free account
📰 Recent News
Tenax Therapeutics: Q4 Earnings Snapshot Associated Press Finance · Mar 10
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