Watch for any takedown notice, prospectus supplement, or ATM program announcement. The steep dilution overhang may pressure the stock in the near term; any offering details will clarify the immediate impact.
Price Chart
Executive Summary
Cocrystal Pharma's $150M shelf registration (S-3) became effective on May 1, 2026, allowing the company to offer securities from time to time. With a market cap of only ~$19M, this represents extreme potential dilution, creating a significant overhang on the stock.
Key Facts
- Shelf registration effective May 1, 2026 (File No. 333-295279).
- Offering size up to $150,000,000 in common stock, preferred stock, warrants, or units.
- Company market cap is approximately $19 million.
- Proceeds could be used for any corporate purpose, but specifics are not disclosed.
Financial Impact
Up to $150 million in securities can be sold, exceeding the current market cap by ~7.9x, implying massive potential dilution.
Risk Factors
- Substantial dilution to existing shareholders if the shelf is utilized.
- Stock price may decline as market prices in potential future offerings.
- Lack of clarity on use of proceeds increases uncertainty.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| EFFECT Filing (Primary) | 9999999995-26-001445 |
| Document: 9999999995-26-001445-index.html | 9999999995-26-001445 |
| Document: 9999999995-26-001445.txt | 9999999995-26-001445 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 9, 2026 6w ago | 8-K | $1.24 | awaiting T+60 | — | $0.9805 (−20.93%) |
Aug 3, 2026 12w ago | 8-K | $0.9400 | awaiting T+60 | — | $0.9805 (+4.31%) |
Jun 9, 2026 20w ago | 8-K | $1.02 $1.16 | ▲ +13.73% | ▲ +9.91% | $0.9805 (−3.87%) |
Jun 3, 2026 20w ago | 8-K | $1.06 $1.14 | ▲ +7.55% | ▲ +5.05% | $0.9805 (−7.50%) |
May 27, 2026 21w ago | DEFA14A | $1.13 $1.15 | ▲ +1.77% | ▲ +0.03% | $0.9805 (−13.23%) |
May 26, 2026 22w ago | 8-K | $1.13 $1.15 | ▲ +1.33% | ▼ −1.40% | $0.9805 (−13.23%) |
May 15, 2026 23w ago | Press Release | $1.20 $1.08 | ▼ −10.00% | ▼ −14.52% | $0.9805 (−18.29%) |
May 4, 2026 25w ago | EFFECT | $1.31 $0.8703 | ▲ +33.56% | ▲ +35.42% | $0.9805 (+25.15%) |
Apr 2, 2026 29w ago | 8-K | $1.51 $1.05 | ▼ −30.46% | ▼ −44.62% | $0.9805 (−35.07%) |
Mar 31, 2026 30w ago | 8-K | $1.01 $1.02 | ▲ +0.99% | ▼ −11.39% | $0.9805 (−2.92%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers