Possible new DRMA shares

DRMADilution

Last raise Oct 21, 2026, 424B3: 933K shares (23.2% of the 4.0M then)

Known so far: no new shares from the prospectus covers read · shelf room about $1.0M · not yet read: warrants, converts, options, ATM.

Shelf room

  • Room today about $1.0M, maybe lower
  • One third of float $1.0M ($3.1M float, Jun 30, 2025)
  • Sold off it, 12 months nothing
How this is worked out

Shelf room about $1.0M on the S-3 of Oct 9, 2026: the baby-shelf rule (public float under $75M) caps sales at one third of the $3.1M public float stated as of Jun 30, 2025, $1.0M, nothing sold off it in the last 12 months; 1 more sale off the shelf with no size read, so the room may be lower. Sources: S-3 Oct 9, 2026, effective Oct 20, 2026 · public float, as of Jun 30, 2025 · 424B3 Oct 21, 2026.

What could become new Dermata Therapeutics (DRMA) shares, from its 10-Q, 10-K, S-3 or 424B filings.

Read so far: the cover share count (4M shares, +490% from 682K on Aug 11, 2025). Not read yet: warrants, convertible notes, options and RSUs and an ATM program. Read them on EDGAR: the latest 10-Q · S-3 shelf filings.

Shares outstanding

4.0M

Nov 2024 to Aug 2026: from 204K to 4.0M. Adjusted for the 1-for-10 reverse split by Aug 11, 2025: each earlier count is divided by the ratio of every split after it.

From the share count on the cover of each 10-Q and 10-K, dated as each cover states.