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Tenaya Therapeutics, Inc. logo
TNYA$0.3726+3.20%

Tenaya Therapeutics, Inc.

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

Mkt Cap$83.54M
Float & O/S
Inst Own

DilutionScan read 36 of Tenaya Therapeutics, Inc.'s SEC filings and found 5 warrant series, 1 ATM program, 2 shelf registrations and 1 completed offering on file for TNYA. The latest dilution event on file is ATM sales on Dec 31, 2025. Analysis updated Oct 6, 2026.

Signal8 Summary

TNYA

Tight cash runway and high burn

Snapshot

Tenaya Therapeutics is a clinical-stage biotech burning cash with a tight runway. It generated no revenue in FY 2025 and spent roughly $69M in free cash flow.

What's Happening Right Now

  • : Appointed Eric Hyllengren as Chief Financial Officer effective July 2026 to replace the retiring Hiro Higa.
  • : Interim data from the MyPEAK-1 trial showed TN-201 gene therapy resulted in cardiac remodeling and symptom reductions for patients with MYBPC3-associated HCM.
  • : Interim data from the RIDGE-1 trial showed TN-401 gene therapy demonstrated a 64% mean reduction in arrhythmia burden for patients with PKP2-associated ARVC.

Raise routes on file: active ATM + effective shelf · latest dilution event 307 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

Dec 31, 2025 · 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 · 5

What is this?

Exercise price, shares and dates with Pro

Warrant

Issued 2024

Outstanding

Shares Underlying

Exercise Price

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

Warrant

Issued 2024

Expired

Shares Underlying

Exercise Price

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

Series A Warrants (March 2025 offering)

Issued 2025

Outstanding

Shares Underlying

Exercise Price

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

Series B Warrants (March 2025 offering)

Issued 2025

Expired

Shares Underlying

Exercise Price

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

December 2025 Warrants

Issued 2025

Outstanding

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 2022

Active

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 2025

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

S-3 shelf registration

Issued 2022

Superseded

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

Know who's about to sell into your TNYA trade

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

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