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NNOX$0.3144+4.11%

Nano-X Imaging Ltd.

Sector: X-Ray Apparatus & Tubes & Related Irradiation ApparatusIndustry: Medical - DevicesCountry: ILExchange: Nasdaq

Mkt Cap$24.71M
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DilutionScan read 22 of Nano-X Imaging Ltd.'s SEC filings and found 4 warrant series, 1 ATM program, 1 shelf registration and 2 completed offerings on file for NNOX. The latest dilution event on file is an offering on Aug 7, 2026. Analysis updated Oct 4, 2026.

Signal8 Summary

NNOX

Going-concern warning and tight cash runway

Snapshot

Nano-X is a medical imaging company in severe financial distress. It generated $13.0M in revenue in FY 2025, up 15.4% from the prior year, but lost $75.0M in net income. The core hardware business has negative gross margins, meaning the company loses money on every unit it sells, while heavy R&D spending of $19.2M (148% of revenue) drives the headline losses.

What's Happening Right Now

  • : A class action lawsuit was filed against Nano-X for alleged securities fraud violations related to disclosures between March 2025 and April 2026.
  • : An analyst downgraded the stock to sell, citing a shift from growth narrative to survival mode due to persistent cash burn and execution risks.
  • : Nano-X reported Q1 2026 revenue of $4.3M but widened its net loss to $14.3M, withdrew its 2026 guidance, and issued a severe going-concern warning stating current cash is insufficient for the next 12 months.

Raise routes on file: active ATM + effective shelf · latest dilution event 88 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

Aug 7, 2026 · Offering

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 · 4

What is this?

Exercise price, shares and dates with Pro

July 2023 registered direct ordinary share warrants

Issued 2023

Outstanding

Shares Underlying

Exercise Price

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

August 2026 registered direct ordinary warrants

Issued 2026

Outstanding

Shares Underlying

Exercise Price

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

August 2026 pre-funded warrants

Issued 2026

Outstanding

Shares Underlying

Exercise Price

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

Warrant

Issued 2019

Expired

Shares Underlying

Exercise Price

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

ATM · 1

What is this?

Capacity, sold to date and agent with Pro

ATM program

Issued 2024

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 · 2

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

Registered direct offering

Issued 2026

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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