Alto Neuroscience, Inc. (ANRO) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
ANRO currently has 32.9M outstanding shares. with moderate dilution risk from 7.71M authorized shares representing 23.4% potential dilution. The company has significantly diluted shareholders by 38.42% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 13, 2026 |
10-Q filing | 32.9M shares outstanding |
33M | 7.7M |
| Mar 16, 2026 |
8-K filing: Alto Neuroscience, Inc. entered into a Securities Purchase Agreement for a private placement of 2,900,000 shares of common stock and pre-funded warrants to purchase 3,100,000 shares of common stock, anticipating gross proceeds of approximately $120.0 million. ($120.0M proceeds) |
27M | 7.7M |
| Mar 16, 2026 |
10-K filing | 28.9M shares outstanding |
29M | 7.7M |
| Oct 20, 2025 |
8-K filing: Alto Neuroscience, Inc. entered into a Securities Purchase Agreement for a private placement of 3,832,263 shares of common stock and pre-funded warrants to purchase 4,622,251 shares of common stock, anticipating gross proceeds of approximately $50.0 million. ($50.0M proceeds) |
27M | 7.7M |
| Aug 13, 2025 |
10-Q filing | 27.1M shares outstanding |
27M | 7.7M |
| Jun 03, 2025 |
8-K filing: Alto Neuroscience, Inc. entered into an Asset Purchase Agreement with Chase Therapeutics Corporation, where Alto may issue up to 5,387,353 shares of its common stock to Chase Therapeutics as Milestone Payments, representing 19.9% of the outstanding shares of Alto's common stock as of the Closing Date. |
27M | 7.7M |
| May 14, 2025 |
10-Q filing | 27.0M shares outstanding |
27M | 7.7M |
| Mar 20, 2025 |
10-K filing | 24.6M shares outstanding |
25M | 7.7M |
| Feb 03, 2025 |
S-3 filing: Alto Neuroscience, Inc. files an S-3 to offer common stock, preferred stock, and debt securities up to an aggregate amount of $300,000,000 from time to time. |
27M | 7.7M |
| Nov 12, 2024 |
10-Q filing | 27.0M shares outstanding |
27M | 7.7M |
| Aug 13, 2024 |
10-Q filing | 26.9M shares outstanding |
27M | 7.7M |
| Jul 29, 2024 |
8-K filing: Alto Neuroscience, Inc. entered into a convertible loan agreement with The Wellcome Trust Limited for up to approximately $11.7 million to support the Company's Phase 2b clinical trial evaluating ALTO-100 in patients with bipolar depression. |
27M | 7.7M |
| May 14, 2024 |
10-Q filing | 26.9M shares outstanding |
27M | 7.7M |
| Jan 29, 2024 |
S-1/A filing: This S-1/A filing registers common stock for an IPO, including an option for underwriters to purchase additional shares, and details the company's plans for the use of proceeds, risk factors, and directed share program. |
18M | 7.7M |
| Jan 12, 2024 |
S-1 filing: This is an S-1 filing for an initial public offering of common stock. |
30M | 80K |