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ORAGENICS INC logo
OGEN$0.37020.00%

Oragenics Inc.

Sector: Pharmaceutical PreparationsIndustry: BiotechnologyCountry: USExchange: NYSE

Mkt Cap$1.67M
Float & O/S
Inst Own

DilutionScan read 18 of ORAGENICS INC's SEC filings and found 4 warrant series, 2 convertibles, 1 ATM program, 2 shelf registrations, 2 S-1 registrations and 3 completed offerings on file for OGEN. The latest dilution event on file is ATM sales on Mar 31, 2026. Analysis updated Oct 3, 2026.

Signal8 Summary

2d old

OGEN

Going-concern warning, 1.2 months of cash

Business
WeakZero revenue, going-concern doubt, cash funds only to Dec 2026
Stock risk
High$1.7M micro-cap, dilution 381% of shares, NYSE deficiency notice

Snapshot

Oragenics is a clinical-stage biotech with zero revenue, a $9.8M net loss in FY 2025, and only $3.9M of cash on hand. Management says that cash funds operations only through the end of 2026, and Signal8 models roughly 1.2 months of runway.

What's Happening Right Now

  • : Oragenics' Chief Medical Officer presented on the ONP-002 intranasal concussion platform at the IPAC-RS 2026 Nasal Innovation Forum on September 17, 2026; the company says this was a visibility event with no new trial data or financial figures.
  • : On August 26, 2026 Oragenics received a NYSE American deficiency letter for insufficient stockholders' equity, with 45 days to submit a compliance plan and until February 25, 2028 to regain compliance; separately the company reported 9 patients dosed in its Phase IIa ONP-002 trial and is reviewing FDA Type B meeting feedback ahead of a planned year-end IND submission.
  • : Oragenics' 10-Q for the period ended June 30, 2026 showed a $4.7M first-half net loss on zero revenue, cash of $3.9M expected to fund operations only through December 31, 2026, and going-concern doubt carried forward from the FY2025 audit; dilution overhang grew after the Series H conversion price was cut to $1.00 with no floor.
  • : Shares traded modestly higher in mid-August 2026 trading, touching $0.5490 before settling near $0.5489 on light volume.
  • : Sold $79K net / 85K shares through its at-the-market program, as stated for Mar 1, 2026 to Mar 31, 2026.
  • : Registered $100.00M of securities for sale on Form S-3.
  • : Closed an offering. Proceeds are not disclosed in the filings reviewed.

Raise routes on file: effective shelf + effective S-1 · latest dilution event 217 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

Mar 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 · 2

What is this?

Size, shares registered and dates with Pro

S-1 · primary offering

Issued 2025

Completed

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

S-1 · primary offering

Issued 2024

Effective

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

Warrants · 4

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 2024

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

Series H Convertible Preferred Stock

Outstanding

Principal

Conversion Price

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

Series F Convertible Preferred Stock

Outstanding

Principal

Conversion Price

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

ATM · 1

What is this?

Capacity, sold to date and agent with Pro

ATM program

Issued 2024

Lapsed

Total capacity

Sold to date

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

Shelf · 2

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 2023

Superseded

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

Offerings · 3

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

ATM block sale

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

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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