S-1 · primary offering
Issued 2023
Proposed maximum
Shares registered
- Filed
- Effective
Sector: Surgical & Medical Instruments & ApparatusIndustry: BiotechnologyCountry: USExchange: Nasdaq
DilutionScan read 29 of FRACTYL HEALTH, INC.'s SEC filings and found 6 warrant series, 1 convertible, 1 ATM program, 1 shelf registration, 1 S-1 registration and 3 completed offerings on file for GUTS. The latest dilution event on file is ATM sales on Apr 6, 2026. Analysis updated Oct 14, 2026.
GUTS
Going-concern-level cash crunch despite trial win
Fractyl Health is a pre-revenue biotech developing a procedural therapy for diabetes and obesity. FY 2025 revenue was $0, with a $141.0M net loss and $90.3M burned from operations.
Raise routes on file: effective shelf · latest dilution event 211 days ago
The dominant contractual driver and its mechanism, then each further driver ranked.
Apr 6, 2026 · ATM Sale
Every warrant, convertible, ATM and shelf, cited to the filing
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Shares outstanding, potential dilution and cash over time
Issued 2023
Proposed maximum
Shares registered
Issued 2025
Shares Underlying
Exercise Price
Shares Underlying
Exercise Price
Issued 2023
Shares Underlying
Exercise Price
Issued 2023
Shares Underlying
Exercise Price
Issued 2025
Shares Underlying
Exercise Price
Issued 2025
Shares Underlying
Exercise Price
Principal
Conversion Price
Issued 2025
Total capacity
Sold to date
Issued 2025
Total capacity
Remaining
Issued 2025
Gross proceeds
Price per share
Issued 2025
Gross proceeds
Price per share
Gross proceeds
Price per share
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)
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