DFNS

T3 Defense Inc.

DFNS stock: dilution, delisting risk — what the SEC filings say, updated every weekday morning.

Nasdaq · Services-Management Consulting Services · EDGAR filings (CIK 1787518) · 15 signals · 0 setups · updated Sep 18, 2026

What the filings say Pressure ▼

The company can sell stock into the market any day at prevailing prices — steady supply.

Radar 72 (high attention) · dilution pressure high · listing risk high · governance risk low · runway 12.7 mo · strongest signal: MVLS deficiency (Aug 20, 2026)

Direction is stated for existing shareholders (▼ more shares / survival or listing risk; ▲ insiders or holders buying). It is a characterization of the filings, not a forecast or a recommendation.

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72Radar · attention score (0–100)

79Dilution pressure · financing + balance sheet

92Listing risk · exchange standards

35Governance risk · reporting, auditor, going concern

Analyst note

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Alerts

One email the morning DFNS files anything that matches your rules (types, minimum score, setups).

12-month history

Every signal and setup for DFNS back a year, not just 30 days — see how the current setup built.

Full analyst notes

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Balance sheet (XBRL)

$6.4Mcash + short-term investments as of Mar 31, 2026

12.7 moestimated runway (latest fiscal-year operating cash flow (quarter too short to annualize) [companyfacts])

$36.2Mstockholders' equity as of Mar 31, 2026

$40.3Mpublic float (10-K cover)

60.3Mshares outstanding as of May 20, 2026 · was 37.8M Apr 7, 2026

Runway = liquidity ÷ monthly operating burn at the latest reported period · balance sheet 171 days old. A financing after the balance-sheet date is the main reason a figure can be stale — check the timeline below for offerings since then.

Signal timeline

Last 30 days of filing signals plus current balance-sheet flags, newest first. ▼ pressure · ▲ support · hover a score for its components; every row links to the filing.

Date	Signal	Evidence	Score
Sep 15, 2026	▼ ATM program	“atm” language in S-3 (S-3) filed 2026-09-15 filing	35
Sep 15, 2026	▼ Shelf filed	S-3 filed 2026-09-15 filing	30
Sep 15, 2026	· 13D amendment	Schedule 13D/A filed 2026-09-15 filing	24
Sep 11, 2026	▼ New debt obligation	8-K Item 2.03 filed 2026-09-11 (accepted 17:25 ET) filing	34
Sep 11, 2026	▼ PIPE	“pipe” language in 8-K (8-K) filed 2026-09-11 filing	33
Sep 3, 2026	▼ Shelf filed	S-1 filed 2026-09-03 filing	30
Sep 3, 2026	▼ Shelf filed	S-1 filed 2026-09-03 filing	30
Aug 31, 2026	▼ Material agreement terminated	8-K Item 1.02 filed 2026-08-31 (accepted 17:25 ET) filing	35
Aug 20, 2026	▼ MVLS deficiency	“mvls deficiency” language in 8-K (8-K) filed 2026-08-20 filing	63
Aug 20, 2026	▼ Hearings panel	“hearings panel” language in 8-K (8-K) filed 2026-08-20 filing	58
Aug 20, 2026	▼ Exchange deficiency notice	8-K Item 3.01 filed 2026-08-20 (accepted 17:27 ET) filing	55
Aug 20, 2026	▼ Equity deficiency	“stockholders equity deficiency” language in 8-K (8-K) filed 2026-08-20 filing	52
Aug 20, 2026	▼ Delisting language	“delisting notice” language in 8-K (8-K) filed 2026-08-20 filing	46
Mar 31, 2026	▼ Share count +25%	Shares outstanding 37,823,538 (2026-04-07) -> 60,270,525 (2026-05-20), +59% filing	36
Mar 31, 2026	▼ Cash < current liabilities	Liquidity $6,551,000 vs current liabilities $91,625,000 filing	22

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