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Elicio Therapeutics, Inc. logo
ELTX$1.55-2.52%

Elicio Therapeutics, Inc.

Sector: Pharmaceutical PreparationsIndustry: BiotechnologyCountry: USExchange: Nasdaq

Mkt Cap$40.74M
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DilutionScan read 24 of Elicio Therapeutics, Inc.'s SEC filings and found 8 warrant series, 1 convertible, 3 ATM programs, 5 shelf registrations and 1 completed offering on file for ELTX. The latest dilution event on file is ATM sales on Jul 2, 2026. Analysis updated Oct 7, 2026.

Signal8 Summary

ELTX

Cash crisis with 2-month runway

Snapshot

Elicio Therapeutics is a clinical-stage biotech with no revenue, burning through cash to fund cancer vaccine trials. The company lost $39.6 million in FY 2025 and generated $37 million in negative free cash flow. It holds $18.6 million in cash against $14.5 million in debt.

What's Happening Right Now

  • : The company published a peer-reviewed manuscript in Science Advances highlighting potent immune responses driven by its AMP-DNA adjuvant technology in preclinical models.
  • : Elicio raised $13 million in net proceeds through its at-the-market program in Q1 and Q2 2026 to extend its cash runway past the mid-year trial readout.
  • : Analysts highlight a looming cash crisis as Elicio approaches a pivotal Phase 2 trial readout for its KRAS vaccine, making 2026 a critical year for the company's survival.

Raise routes on file: active ATM + effective shelf · latest dilution event 124 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

Jul 2, 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

Warrants · 8

What is this?

Exercise price, shares and dates with Pro

Warrant

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Warrant

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

March 2024 Pre-Funded Warrants

Issued 2024

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

July 2024 Pre-Funded Warrants

Issued 2024

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Warrant

Issued 2024

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Warrant

Issued 2024

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Convertibles · 1

What is this?

Principal, conversion terms and dates with Pro

Convertible

Converted

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

ATM · 3

What is this?

Capacity, sold to date and agent with Pro

ATM program

Terminated

Total capacity

Sold to date

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

ATM program

Issued 2024

Terminated

Total capacity

Sold to date

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

ATM program

Issued 2026

Active

Total capacity

Sold to date

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

Shelf · 5

What is this?

Capacity, dates and baby-shelf status with Pro

S-3 shelf registration

Issued 2026

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

S-3 shelf registration

Issued 2024

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

S-3 shelf registration

Issued 2024

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

S-3 shelf registration

Issued 2025

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

S-3 shelf registration

Issued 2024

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

Registered direct offering

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

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

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