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74 /100
HIGH RISK
Score updated Jul 28, 2026

UOKA — MDJM Ltd Dilution Risk Tracker

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

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of July 28, 2026, MDJM Ltd (UOKA) has a DilutionWatch DilutionScore of 74/100, rated HIGH dilution risk. MDJM Ltd has a market capitalization of $18.05M, 25.22M shares outstanding. Key dilution vectors include shelf registration capacity of $70.00M, ATM program capacity of $2.50M, approximately 8 months of cash runway.

Source: DilutionWatch (dilutionwatch.com) — data updated daily from SEC EDGAR filings. Not financial advice.

Score Breakdown

📋 Offering Ability
100
💰 Cash Runway
65
📊 Float Risk
95
⚠️ Warrant Exposure
40
🔄Convertible Debt—

Dilution Forecast

🌥️
Advisory
Moderate dilution signals present
29%
💰 Capital Raise 53%
• Under 12 months cash (8mo)
• Active shelf registration ($70M, 388% of market cap)
📉 Score Deterioration 10%
• Score in HIGH risk zone (74/100)
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Market Data

Market Cap$18.05M
Shares Outstanding25.22M
Float1.06M
Cash$700.5K
DebtN/A
Short InterestN/A

Institutional Holdings

Institutional data not yet available.

Short Interest

Short Interest23.2K
Days to Cover1.4
% of Float2.2%
FINRA data as of Jan 15, 2026

Recent SEC Activity

xbrl XBRL WARRANT 2025-12-31
3 FORM3 2026-04-01
3 FORM3 2026-03-18
3 FORM3 2026-03-18
3 FORM3 2026-03-18
Full SEC filing analysis available with free account →

Recent News

No recent news

What This Means for UOKA Shareholders

MDJM Ltd (UOKA) has a DilutionScore of 74/100, placing it in the High dilution risk tier. This score reflects at least one active dilution mechanism — a shelf registration, ATM program, outstanding warrants, or limited cash runway — that could materially increase the share count over the next 12–18 months. Score as of July 28, 2026, updated from SEC EDGAR data.

The most significant dilution vector for UOKA is its shelf registration capacity of $70.0M. A shelf registration (typically an S-3 filing) gives a company pre-approved access to raise capital quickly without a traditional roadshow. The registered amount represents the maximum that can be raised — not necessarily what will be raised — but active shelves combined with tight cash positions are the pattern DilutionWatch monitors most closely. UOKA has an active ATM (at-the-market) program with $2.5M remaining capacity. ATM programs allow companies to sell shares continuously into the open market through a broker-dealer — without announcing a secondary offering. This creates a silent but steady source of share dilution that shows up in quarterly share count increases rather than a discrete offering event.

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

Understanding Shelf Registrations → How ATM Offerings Work →

Understanding UOKA's Dilution Risk Factors

Primary Risk Drivers

The most concerning factors for MDJM Ltd (UOKA) are Offering Ability and Float Risk. Offering Ability is at maximum risk, indicating the company has active programs to raise capital through new share issuances. This directly increases the potential for dilution as more shares are created. Float Risk is also extremely high, suggesting a large number of shares are available for trading, which can lead to further dilution if new shares are issued into the market. Together, these factors create a high probability that the company will issue new equity in the near future, reducing existing shareholders' ownership percentages.

Factors Currently Not a Concern

Warrant Exposure and Convertible Note Risk are currently low, indicating minimal risk from these instruments. However, if the company were to issue warrants or convertible notes, these scores would quickly rise. For instance, any new warrant issuance under an S-3 registration could significantly increase dilution risk. Similarly, a convertible note conversion event would elevate Convertible Note Risk, signaling a potential large-scale share issuance that could dilute current shareholders.

SEC Filings to Watch

Several filings are critical for monitoring UOKA’s dilution risk. An S-3 registration statement signals the company is preparing to offer shares publicly, which directly increases the potential for dilution. A 424B5 filing indicates a shelf registration that may be used for future offerings. An 8-K Item 1.01 filing would alert investors to new equity issuances or significant capital structure changes. Additionally, a 10-Q filing could reveal new share issuance activities or changes in outstanding shares that impact existing ownership percentages.

How Dilution Happens

Dilution occurs when the company issues new shares, increasing the total number of shares outstanding. For UOKA, Offering Ability being at maximum risk means it is actively pursuing capital raises through equity issuance. If the company issues new shares under a shelf registration or S-3 filing, existing shareholders’ ownership percentages decrease proportionally. Float Risk further increases this risk by indicating that many shares are already circulating and could be used in future offerings. Each new issuance dilutes the value of existing holdings.

What Would Make This Worse

The risk profile would deteriorate significantly if UOKA were to initiate a major equity offering, such as a public offering or private placement under an S-3 registration. Additionally, if convertible notes or warrants are converted into shares, this would rapidly increase the share count and dilute current shareholders. A combination of multiple active dilution programs, including new offerings and conversions, would create a severe dilution scenario, potentially reducing existing shareholder value substantially.

Key Insight

UOKA's high Offering Ability and Float Risk indicate a strong likelihood of future share issuance, which directly threatens existing shareholders' ownership percentages.

How to Monitor UOKA for Dilution Risk

What This Risk Level Means

For a micro-cap operating company like MDJM Ltd (UOKA), a high dilution risk profile signals significant exposure to equity dilution mechanisms. At this level, the company is likely relying heavily on capital raising activities such as equity offerings, warrant exercises, or convertible notes, which can erode existing shareholders' ownership stakes. Given the small market capitalization and limited access to traditional financing, companies in this category often resort to frequent capital raises, increasing the risk of dilution for current investors.

What Typically Happens Next

Companies with elevated dilution risk often proceed through a series of financing events. Common patterns include shelf registrations, ATM programs, or warrant exercises that can quickly increase the outstanding share count. These activities are frequently timed to coincide with market opportunities or when cash reserves are low. For UOKA, this behavior is particularly concerning given its high float risk and offering ability scores, which suggest a pattern of potential future issuance.

Monitoring Playbook

To effectively track MDJM Ltd, use DilutionWatch to monitor share count changes and capital structure updates. Set alerts for any new equity offerings or warrant issuances, and check scores weekly. When thresholds such as a rise in Offering Ability or a drop in Cash Runway are triggered, investigate the associated SEC filings immediately. Additionally, use Shelf & ATM Monitor to track any pending or recent shelf registrations.

Early Warning Signals

Several key indicators suggest a worsening dilution profile. First, an increase in the number of warrants issued or an imminent warrant expiry date can signal an upcoming dilution event. Second, a sudden drop in Cash Runway score, particularly if it exceeds 70/100, indicates potential liquidity stress and increased reliance on equity financing. Third, a new SEC filing disclosing a proposed ATM program or shelf registration is a strong early warning that could lead to further dilution.

What a Positive Resolution Looks Like

A positive shift in UOKA's dilution profile would occur if the company secures a significant capital raise, reducing reliance on future equity issuance. Alternatively, if warrant exercises are completed and no new warrants are issued, the risk score could decline. Another resolution path includes a reduction in convertible note exposure or debt paydown that decreases the need for future equity dilution.

Watch For

Any upcoming warrant expiry dates, new equity offerings, or SEC filings indicating shelf registration activity as early signs of increased dilution risk.

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