Possible new Lunai Bioworks shares
LNAIDilution
Known so far: no new shares from the prospectus covers read · shelf room about $7.1M · not yet read: warrants, converts, options, ATM.
Shelf room
- Room today about $7.1M, maybe lower
- One third of float $7.1M ($21.3M float, Dec 31, 2025)
- Sold off it, 12 months nothing
How this is worked out
Shelf room about $7.1M on the S-3 of Oct 30, 2024: the baby-shelf rule (public float under $75M) caps sales at one third of the $21.3M public float stated as of Dec 31, 2025, $7.1M, 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 30, 2024, effective Nov 6, 2024 · public float, as of Dec 31, 2025 · 424B5 Dec 3, 2025.
What could become new Lunai Bioworks (LNAI) shares, from its 10-Q, 10-K, S-3 or 424B filings.
Read so far: the cover share count (5M shares, +74% from 2.9M on Sep 26, 2025, adjusted for two reverse splits, 1-for-10 by Nov 10, 2025 and 1-for-8 by Oct 13, 2026). Not read yet: warrants, convertible notes, options and RSUs and an ATM program. Read them on EDGAR: the latest 10-K · S-3 shelf filings.
Shares outstanding
5.0M
Nov 2024 to Oct 2026: from 2.0M to 5.0M. Adjusted for two reverse splits, 1-for-10 by Nov 10, 2025 and 1-for-8 by Oct 13, 2026: 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.
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