Possible new Valion Bio shares

VBIODilution

Known so far: no new shares from the prospectus covers read · shelf room about $1.3M · not yet read: warrants, converts, options, ATM.

Shelf room

  • Room today about $1.3M
  • One third of float $1.3M ($4.0M float, Jun 30, 2025)
  • Sold off it, 12 months nothing
How this is worked out

Shelf room about $1.3M on the S-3 of Oct 16, 2026: the baby-shelf rule (public float under $75M) caps sales at one third of the $4.0M public float stated as of Jun 30, 2025, $1.3M, nothing sold off it in the last 12 months. Sources: S-3 Oct 16, 2026, effective Oct 20, 2026 · public float, as of Jun 30, 2025.

What could become new Valion Bio (VBIO) shares, from its 10-Q, 10-K, S-3 or 424B filings.

Read so far: the cover share count (22.2M shares, +1949% from 1.1M on Aug 12, 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

22.2M

Nov 2024 to Aug 2026: from 486K to 22.2M. Adjusted for the 1-for-17 reverse split by Mar 17, 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.