Adagio Medical Holdings, Inc. (ADGM) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 12, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 59.94% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
22M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

ADGM currently has 22.2M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 59.94% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 12, 2026

10-Q filing | 22.2M shares outstanding

22M 0
Apr 01, 2026

POS AM filing: This POS AM filing relates to the potential resale of common stock by selling stockholders, as well as the potential issuance of common stock upon the exercise of warrants and conversion of convertible notes.

22M 23M
Apr 01, 2026

POS AM filing: This POS AM filing relates to the potential resale of common stock by selling stockholders, including shares issuable upon conversion of convertible notes and exercise of warrants.

22M 0
Mar 27, 2026

10-K filing | 22.2M shares outstanding

22M 150M
Nov 12, 2025

10-Q filing | 15.4M shares outstanding

15M 150M
May 15, 2025

10-Q filing | 15.4M shares outstanding

15M 150M
Mar 27, 2025

10-K filing | 15.2M shares outstanding

15M 150M
Feb 04, 2025

S-1/A filing: This S-1/A filing registers shares of common stock for resale by selling stockholders, including shares issuable upon conversion of convertible notes and exercise of warrants.

15M 150M
Feb 04, 2025

S-1/A filing: This S-1/A filing registers for resale shares of common stock held by selling stockholders, including shares issuable upon exercise of warrants and conversion of convertible notes.

15M 150M
Jan 14, 2025

S-1 filing: This S-1 filing registers up to 31,145,320 shares of common stock issuable upon conversion of notes and up to 600,000 shares of common stock issuable upon exercise of warrants by selling stockholders.

15M 98M
Jan 14, 2025

S-1 filing: This S-1 filing registers for resale shares of common stock held by selling stockholders, including shares issuable upon exercise of warrants and conversion of convertible notes.

15M 98M
Jan 06, 2025

8-K filing: Adagio Medical Holdings, Inc. entered into a Limited Waiver and Amendment to its Securities Purchase Agreement, Registration Rights Agreement, and promissory notes, with Buyers, waiving certain defaults and allowing for payment of the Registration Delay Payment in restricted shares at $2.00 per share, issuing 183,333 Restricted Shares.

15M 0
Nov 25, 2024

POS AM filing: This is a POS AM filing for the offer, sale or other disposition from time to time of up to 32,993,796 shares of common stock by the selling stockholders.

15M 0
Nov 22, 2024

POS AM filing: This prospectus relates to the offer, sale or other disposition from time to time of up to 8,505,387 shares of our common stock by the selling stockholders.

15M 0
Nov 14, 2024

10-Q filing | 14.5M shares outstanding

15M 0
Nov 08, 2024

POS AM filing: This prospectus relates to the offer, sale or other disposition from time to time of up to 8,505,387 shares of our common stock by the selling stockholders.

15M 0
Nov 08, 2024

POS AM filing: This POS AM filing relates to the offer, sale or other disposition from time to time of up to 32,993,796 shares of common stock by the selling stockholders.

15M 0
Sep 13, 2024

S-1 filing: This S-1 filing relates to the offer and sale of up to 8,505,387 shares of common stock by selling stockholders, consisting of shares issuable upon conversion of convertible notes and exercise of warrants.

13M 29M
Sep 13, 2024

S-1 filing: This prospectus relates to the offer, sale or other disposition from time to time of up to 32,993,796 shares of our common stock by the selling stockholders named in this prospectus or their permitted transferees.

13M 29M
Aug 26, 2024

10-Q filing | 13.4M shares outstanding

13M 0
Aug 06, 2024

8-K filing: ListCo amended subscription agreements with PIPE Investors, increasing Sponsor Promote Allocation Shares and Additional Cash. New Adagio issued shares, Base Warrants, and Pre-Funded Warrants to PIPE Investors, and Convertible Notes and Convert Warrants to Convert Investors. ($62.8M proceeds)

N/A 0
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