Adagene Inc. (ADAG) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
ADAG currently has 58.9M outstanding shares. with significant dilution risk as 78.4M authorized shares could dilute existing holders by 133.1%. The company has minimally diluted shareholders by 8.78% over the past 2 years.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Oct 31, 2025 |
F-3 filing: Adagene Inc. is offering 10,625,000 ordinary shares or 8,500,000 American Depositary Shares for resale by a selling shareholder. |
59M | 78M |
| May 09, 2025 |
F-3 filing: Adagene Inc. is filing an F-3 form to offer ordinary shares, warrants, and units up to a total amount of US$200,000,000, and also offering ordinary shares and/or ADSs having an aggregate offering price of up to US$100 million via an At-The-Market offering through Leerink Partners. |
59M | 63M |
| Mar 24, 2025 |
20-F filing | 54.1M shares outstanding |
54M | 0 |
| Mar 29, 2024 |
20-F filing | 50.0M shares outstanding |
50M | 0 |
| Apr 28, 2023 |
20-F filing | 54.6M shares outstanding |
55M | 0 |
| Apr 26, 2022 |
F-3 filing: Adagene Inc. is filing an F-3 form to offer ordinary shares, warrants, and units for a total amount of US$200,000,000. |
44M | 0 |
| Apr 26, 2022 |
20-F filing | 15.2M shares outstanding |
15M | 0 |
| Apr 28, 2021 |
20-F filing | 43.9M shares outstanding |
44M | 0 |
| Jan 19, 2021 |
F-1 filing: F-1 filing for an offering of ADSs representing ordinary shares. |
N/A | 0 |