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EuroDry Ltd. logo
EDRY$39.15-3.83%

EuroDry Ltd.

Sector: Water TransportationIndustry: Marine ShippingCountry: GRExchange: Nasdaq

Mkt Cap$118.11M
Float & O/S
Inst Own

DilutionScan read 36 of EuroDry Ltd.'s SEC filings and found 1 ATM program, 1 shelf registration and 1 completed offering on file for EDRY. The latest dilution event on file is ATM sales on Oct 5, 2026. Analysis updated Oct 6, 2026.

Signal8 Summary

EDRY

Cyclical rebound already priced in near highs

Snapshot

EuroDry is a small dry-bulk shipping company whose fortunes swing with freight rates. Full-year 2025 revenue fell 14.4% to $52.3M with a $4.3M net loss, but rates surged in 2026, driving the latest quarter to $17.7M revenue and a $6.6M profit.

What's Happening Right Now

  • : On Sept 11, 2026, EuroDry filed a prospectus for a new $20M at-the-market share sale program under a $200M shelf, which could issue roughly 11% more shares.
  • : EuroDry is adding four newbuild vessels to grow its fleet toward 15 ships by 2028, a multi-year capacity build funded ahead of the ships' delivery.
  • : Q2 2026 net revenue rose 57% YoY to $17.7M as charter rates nearly doubled, flipping to $6.9M net income from a year-ago loss.

Raise routes on file: active ATM + effective shelf · latest dilution event 29 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 5, 2026 · ATM Sale

How we read filings

Every warrant, convertible, ATM and shelf, cited to the filing

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Share count and cash history

Shares outstanding, potential dilution and cash over time

ATM · 1

What is this?

Capacity, sold to date and agent with Pro

ATM program

Issued 2026

Active

Total capacity

Sold to date

Remaining capacity
Sales agent
Agreement date
Commission
Filing link and full terms

Shelf · 1

What is this?

Capacity, dates and baby-shelf status with Pro

F-3 shelf registration

Issued 2026

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

Offerings · 1

What is this?

Proceeds, price, shares and agent with Pro

ATM block sale

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

Know who's about to sell into your EDRY trade

Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.

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