S-1 · resale registration
Issued 2026
Proposed maximum
Shares registered
- Filed
- Effective
DFNS$3.48+2.05%
T3 Defense Inc.
Sector: Services-Management Consulting ServicesIndustry: Aerospace & DefenseCountry: USExchange: Nasdaq
Mkt Cap:$13.35M
Float & O/S:
Inst Own:
DilutionScan read 42 of T3 Defense Inc.'s SEC filings and found 12 warrant series, 5 convertibles, 2 equity lines, 1 shelf registration, 7 S-1 registrations and 3 completed offerings on file for DFNS. The latest dilution event on file is an offering on Oct 22, 2026. Analysis updated Oct 29, 2026.
Signal8 Summary
DFNS
Going-concern warning and reverse split
Snapshot
T3 Defense is a distressed micro-cap holding company in transition. FY 2025 revenue was $0, and the business burned $6.2M in free cash flow against a cash balance of only $4.1M. That leaves a cash runway of under 4 months.
What's Happening Right Now
- : The Board approved a 1-for-125 reverse stock split to boost the share price and satisfy Nasdaq listing requirements.
- : T3 Defense acquired a 60% stake in drone developer Project35, adding field-proven unmanned aerial systems to its portfolio.
- : T3 Defense disclosed negative working capital of $69 million and acknowledged substantial doubt about its ability to continue as a going concern in a recent filing.
Raise routes on file: shelf awaiting effectiveness + effective S-1 + active equity line · latest dilution event 12 days ago
Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need
AI dilution summary
The dominant contractual driver and its mechanism, then each further driver ranked.
Latest dilution event
Oct 22, 2026 · Offering
Every warrant, convertible, ATM and shelf, cited to the filing
A free account reads 3 tickers a day in full
$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)
Share count and cash history
Shares outstanding, potential dilution and cash over time
Effective
S-1 · resale registration
Issued 2026
Proposed maximum
Shares registered
- Filed
- Effective
S-1 · resale registration
Issued 2026
Proposed maximum
Shares registered
- Filed
- Effective
S-1 · resale registration
Issued 2026
Proposed maximum
Shares registered
- Filed
- Effective
S-1 · resale registration
Issued 2025
Proposed maximum
Shares registered
- Filed
- Effective
S-1 · resale registration
Issued 2025
Proposed maximum
Shares registered
- Filed
- Effective
Public and Private Warrants (DFNSW, legacy SPAC warrants)
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
September 2025 Private Placement Warrants (Series A unit warrants)
Issued 2025
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Warrant
Issued 2026
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Warrant
Issued 2026
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Warrant
Issued 2026
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Pre-Funded Warrants issued on conversion of Series B Preferred (first tranche)
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Convertible
Principal
Conversion Price
Remaining principal
- Shares on conversion
- Interest rate
- Maturity
Convertible
Principal
Conversion Price
Remaining principal
- Shares on conversion
- Interest rate
- Maturity
Convertible
Principal
Conversion Price
Remaining principal
- Shares on conversion
- Interest rate
- Maturity
Convertible
Principal
Conversion Price
Remaining principal
- Shares on conversion
- Interest rate
- Maturity
Series A Convertible Preferred Stock (September 2025 Private Placement)
Principal
Conversion Price
Remaining principal
- Shares on conversion
- Interest rate
- Maturity
Equity line
Issued 2025
Commitment
Sold to date
Remaining
- Agreement date
- Term ends
- Discount
Equity line
Issued 2024
Commitment
Sold to date
Remaining
- Agreement date
- Term ends
- Discount
S-3 shelf registration
Issued 2026
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
PIPE
Issued 2026
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
PIPE
Issued 2026
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Offering
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Know who's about to sell into your DFNS trade
Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.
$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)
