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enGene Therapeutics Inc. logo
ENGN$1.47+1.38%

enGene Therapeutics Inc.

Sector: Biological Products, (No Diagnostic Substances)Industry: BiotechnologyCountry: CAExchange: Nasdaq

Mkt Cap$98.51M
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DilutionScan read 32 of enGene Therapeutics Inc.'s SEC filings and found 5 warrant series, 2 convertibles, 2 ATM programs, 3 shelf registrations, 1 S-1 registration and 1 completed offering on file for ENGN. The latest dilution event on file is ATM sales on Jul 31, 2026. Analysis updated Oct 6, 2026.

Signal8 Summary

19d old

ENGN

Pre-revenue biotech funded through BLA filing

Business
MixedNo revenue, $117M net loss, but $266.3M cash, 28-month runway
Stock risk
High$104.5M micro-cap, shares +14.5% YoY, 113% overhang supply

Snapshot

enGene is a clinical-stage biotech with no revenue, posting a $117.3M net loss in FY 2025 and burning roughly $100.7M in free cash flow. It holds $266.3M in cash against modest $33.3M debt, and Signal8 models about 28 months of runway.

What's Happening Right Now

  • : enGene will host an October 15, 2026 webinar detailing preclinical data behind pairing a surfactant bladder rinse with detalimogene in its NMIBC program.
  • : The Q3 10-Q showed a $32.5M quarterly net loss and $464.5M accumulated deficit; the company cut its workforce ~50% in June 2026 to preserve cash and still plans a BLA submission in Q4 2026.
  • : enGene reported Q3 FY2026 results, with focus shifting to maturing LEGEND pivotal-cohort data and an upcoming FDA engagement on a BLA filing for detalimogene.
  • : An updated corporate presentation on July 24, 2026 showed the pivotal cohort's 54% complete response rate and 43% six-month response rate, with a planned BLA submission in H2 2026.
  • : Chairman Richard Glickman resigned effective July 15, 2026 after 14+ years; director Michael Heffernan was appointed as the new Chairman.
  • : Registered $400.00M of securities for sale on Form S-3.
  • : Issued warrants over 41K shares.
  • : Raised $149.50M in gross proceeds through a public offering, with warrants over 2.74M shares.

Raise routes on file: active ATM + effective shelf · latest dilution event 95 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 31, 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

S-1 · 1

What is this?

Size, shares registered and dates with Pro

S-1 · primary and resale

Issued 2023

Superseded

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

Warrants · 5

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

Issued 2023

Outstanding

Shares Underlying

Exercise Price

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

Warrant

Issued 2026

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

Warrant

Issued 2025

Outstanding

Shares Underlying

Exercise Price

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

Convertibles · 2

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

Convertible

Converted

Principal

Conversion Price

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

ATM · 2

What is this?

Capacity, sold to date and agent with Pro

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 · 3

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

Superseded

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

Public offering

Issued 2025

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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