What is TENX's dilution risk score?

TENX has a latest available DilutionScore record of 61/100, categorized as high dilution risk by the DilutionWatch scoring model. DilutionWatch displays SEC filing and dilution indicators for TENX, 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 TENX?

DilutionWatch tracks 25 SEC filing types for TENX 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 TENX shareholders?

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

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

TENX Dilution Risk Score: 61/100 (HIGH)

Score Breakdown

📋 Offering Ability

100

💰 Cash Runway

📊 Float Risk

⚠️ Warrant Exposure

🔄 Convertible Debt

Dilution Forecast

🌥️

Advisory

Moderate dilution signals present

model est. 36%

📜 Warrant Exercise model 40%

• Significant warrants: 20% of shares outstanding

• Elevated warrant risk score (70/100)

🔁 Convertible Conversion model 40%

• Significant convertible debt: 21% potential dilution

• Elevated convertible risk (60/100)

💰 Capital Raise model 20%

• Active shelf registration ($300M, 477% of market cap)

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Market Data

Market Cap$62.87M

Shares Outstanding37.42M

Float10.61M

Cash$118.00M

DebtN/A

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	61/100	DilutionWatch score record
Shares Outstanding	37.42M	Verified float table or market cache
Public Float	10.61M	Verified float table or market cache
Market Cap	$62.87M	Market data cache
Cash Runway	61.1 months	DilutionWatch score inputs
Shelf Capacity	$300.00M	SEC-derived dilution fields
ATM Capacity	None in current score inputs	SEC-derived dilution fields
Outstanding Warrants	7.51M	SEC-derived dilution fields

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

Recent SEC source mix: 4 3, EFFECT 1, S-3 1, 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: ↑ 280.7% shares (2026Q1 vs prior)

80 institutional holders · 26.70M shares

#1 JANUS HENDERSON GROUP PLC 3.63M shares

#2 PRICE T ROWE ASSOCIATES INC /MD/ 2.95M shares

#3 PERCEPTIVE ADVISORS LLC 2.90M 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 Interest7.18M

Days to Cover2.4

% of Float67.7%

FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL WARRANT 2026-07-31

xbrl XBRL CONVERTIBLE 2026-03-10

EFFECT EFFECT 2026-04-01

S-3 SHELF 2026-03-24

4 INSIDER TRANSACTION 2026-02-03

Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual TENX Dilution Snapshot

Tenax Therapeutics, Inc. (TENX) has a DilutionScore of 61/100, rated High dilution risk. Score date: October 13, 2026.

Stored shelf registration capacity: $300.0M.
Stored outstanding warrants: 7.5M.
Recent SEC activity tracked for TENX: xbrl on 2026-07-31; EFFECT on 2026-04-01; S-3 on 2026-03-24.

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

TENX's DilutionScore is currently 61/100 (High risk), with 6 score changes tracked over 89 days. The score improved from 52/100 (High risk).

Period	Score	Risk Level	Duration
Oct 11 – Oct 13, 2026	61/100	HIGH	3 days
Oct 01 – Oct 10, 2026	52/100	HIGH	10 days
Sep 27 – Sep 30, 2026	55/100	HIGH	4 days
Aug 22 – Sep 26, 2026	54/100	HIGH	36 days
Aug 14 – Aug 21, 2026	48/100	MEDIUM	7 days
Jul 17 – Aug 13, 2026	50/100	MEDIUM	28 days
Jul 16, 2026	49/100	MEDIUM	1 day

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

Share Dilution History

TENX shares outstanding have increased 2.9% from 25.78M (May 2026) to 26.53M (May 2026). Each increase represents potential dilution to existing shareholders.

Date	Shares Outstanding	Public Float	Change
May 15, 2026	26.53M	10.61M	▼ 51.74%
May 01, 2026	25.78M	21.99M	▲ 28.12%

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

Track TENX Dilution Risk in Real-Time

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