Exactly why its important to look at a companies cash on hand. This will give you a good idea if they are in a good cash position or might need some. Sorry bro maybe it will not get hit to hard.
If it's an S3 form, doesn't mean that they will dilute right now. A shelf registration is used by companies that want to sell shares to the public, but not immediately. Different than stock offering which dilutes right away. Might want to hold on a few days before selling, it could go higher after.
HEK filed an S3 Shelf registration yesterday and it's up 7.76% today, and it's looking good to continue. You never know how the market will react to these things until that bell rings. Of course the analyst upgrade today with a buy and a 7.50 target probably helped. Note, they are submitting fins a week early and revenue growth has been huge for them.