What is VTGN's dilution risk score?

VTGN has a latest available DilutionScore record of 69/100, categorized as high dilution risk by the DilutionWatch scoring model. DilutionWatch displays SEC filing and dilution indicators for VTGN, 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 VTGN?

DilutionWatch tracks 25 SEC filing types for VTGN 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 VTGN shareholders?

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

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

VTGN Dilution Risk Score: 69/100 (HIGH)

Score Breakdown

📋 Offering Ability

💰 Cash Runway

📊 Float Risk

⚠️ Warrant Exposure

🔄 Convertible Debt

Dilution Forecast

⛈️

Warning

High probability of dilution event

model est. 65%

🔄 Reverse Split model est. 70%

• 50-day avg $0.61 below $1 exchange minimum

• Only 4 months cash — financial pressure

📜 Warrant Exercise model 60%

• Massive warrant overhang: 46% of shares outstanding

• Warrant risk score very high (90/100)

🔁 Convertible Conversion model 60%

• Major convertible overhang: 329% potential dilution

• Convertible risk score very high (85/100)

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Market Data

Market Cap$10.06M

Shares Outstanding44.38M

Float34.38M

Cash$16.99M

Debt$-1.51M

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	69/100	DilutionWatch score record
Shares Outstanding	44.38M	Verified float table or market cache
Public Float	34.38M	Verified float table or market cache
Market Cap	$10.06M	Market data cache
Cash Runway	3.9 months	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	20.56M	SEC-derived dilution fields

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

Recent SEC source mix: 4 4, 8-K 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: ↑ 7.7% shares (2026Q1 vs prior)

59 institutional holders · 17.64M shares

#1 VANGUARD CAPITAL MANAGEMENT LLC 3.15M shares

#2 ORBIMED ADVISORS LLC 3.06M shares

#3 TCG Crossover Management, LLC 2.68M 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 Interest3.75M

Days to Cover1.0

% of Float10.9%

FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL WARRANT 2026-08-14

xbrl XBRL CONVERTIBLE 2017-06-29

8-K 8K EVENT 2026-04-13

4 INSIDER TRANSACTION 2026-04-09

Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual VTGN Dilution Snapshot

Vistagen Therapeutics, Inc. (VTGN) has a DilutionScore of 69/100, rated High dilution risk. Score date: October 13, 2026.

Stored outstanding warrants: 20.6M.
Recent SEC activity tracked for VTGN: xbrl on 2026-08-14; 8-K on 2026-04-13; 4 on 2026-04-09.

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

VTGN's DilutionScore is currently 69/100 (High risk), with 3 score changes tracked over 89 days. The score deteriorated from 70/100 (High risk).

Period	Score	Risk Level	Duration
Oct 01 – Oct 13, 2026	69/100	HIGH	13 days
Aug 22 – Sep 30, 2026	70/100	HIGH	40 days
Aug 14 – Aug 21, 2026	48/100	MEDIUM	7 days
Jul 16 – Aug 13, 2026	62/100	HIGH	29 days

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

Track VTGN Dilution Risk in Real-Time

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

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