HDRN Hadron Energy, Inc.
HDRN stock: dilution — what the SEC filings say, updated every weekday morning.
What the filings say Pressure ▼
Less than six months of cash at the latest burn — the company must raise, cut, or both, soon.
Radar 58 (elevated attention) · dilution pressure high · listing risk low · governance risk low · runway 0.1 mo · strongest signal: Share count +25% (Mar 31, 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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58 Radar · attention score (0–100)
73 Dilution pressure · financing + balance sheet
0 Listing risk · exchange standards
22 Governance risk · reporting, auditor, going concern
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Pro on HDRN Alerts One email the morning HDRN files anything that matches your rules (types, minimum score, setups).
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Balance sheet (XBRL) $55K cash + short-term investments as of Mar 31, 2026
0.1 mo estimated runway (annualized 180-day YTD operating cash flow [companyfacts])
$19.2M stockholders' equity as of Jun 30, 2026
$207.6M public float (10-K cover)
71.5M shares outstanding as of Aug 10, 2026 · was 20.0M Nov 4, 2024
Runway = liquidity ÷ monthly operating burn at the latest reported period · balance sheet 175 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 · Form 4 burst
5 Form 4 filings in 30 days filing
15 Sep 8, 2026 ▼ Offering (424B)
424B3 prospectus supplement 2026-09-08; 4 prior 424B filings in 12m filing
29 Sep 8, 2026 · Officer/director change
8-K Item 5.02 filed 2026-09-08 (accepted 16:15 ET) filing
22 Mar 31, 2026 ▼ Share count +25%
Shares outstanding 20,000,000 (2024-11-04) -> 71,498,842 (2026-08-10), +257% filing
46 Mar 31, 2026 ▼ Runway < 6 months
~0.1 months runway: liquidity $54,692 as of 2026-03-31, burn $8,885,722/yr (annualized 180-day YTD operating cash flow [companyfacts]) filing
39 Mar 31, 2026 ▼ Cash < current liabilities
Liquidity $54,692 vs current liabilities $1,742,000 filing
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Quiet Alpha Automated SEC-filing intelligence for US microcaps. Updated every weekday morning from SEC EDGAR · last run 2026-09-22.
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Quiet Alpha is an automated financial research publication. It is not investment advice, not a recommendation to buy or sell any security, and not personalized to any reader. Data are derived from public SEC filings and may contain errors; verify against the source documents linked in each item. Quiet Alpha accepts no compensation from issuers. Microcap securities are illiquid and can lose most or all of their value.