WARRANTWIRE Back to the wire

Company grades

Warrant filings measured against the SEC's own plain English rule — 17 CFR 230.421. Not a readability formula out of a schoolbook: every parameter traces to a line the Commission wrote, the same measurement is applied to every filer, and the form of the method is on the method page.

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What the grades mean

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The worst we have graded

Every ticker links to that company's own page on EDGAR, so any line here can be checked against the document it came from.

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What a grade is not. It measures how a document is written. It is not a finding that any rule was broken — that is the Commission's to decide and nobody else's. It is not a view on any company, its business or its share price, and it is not a recommendation to buy or sell anything. Why a document is written this way is not measured here and is not asserted.
And what the sample is. These are filings that carried warrant financing language, which is what this wire watches. They are not a sample of SEC filings generally and must not be described as one.

See it done on one company

Every filing, the people who signed them, and what shareholders have lost — on the company whose filings we have read every one of.

Theriva Biologics — the full report Search your own company

How it is measured

Nine parameters, each tied to the part of the rule it comes from. What is measured and how the parts combine is on the method page; the lines, weights and word lists are the house’s and are not published.

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