Aptorum Group Ltd (APM) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: March 27, 2026

Risk Assessment Details

Potential Dilution: 1115.66% of current shares
Recent Dilution: 59.66% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
6.3M
Potential Supply
71M
Additional shares possible
Splits
None
Past 2 years

Summary

APM currently has 6.35M outstanding shares. with significant dilution risk as 70.8M authorized shares could dilute existing holders by 1115.7%. The company has significantly diluted shareholders by 59.66% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 27, 2026

20-F filing | 6.3M shares outstanding

6.3M 71M
Jan 16, 2026

F-3 filing: Aptorum Group Limited files an F-3 registration statement to offer and sell up to $75,000,000 in the aggregate of Class A Ordinary Shares, preferred shares, warrants to purchase Class A Ordinary Shares or preferred shares, debt securities or any combination of the foregoing.

5.5M 310M
Apr 30, 2025

20-F filing | 3.8M shares outstanding

3.8M 240M
Apr 30, 2024

20-F filing | 2.9M shares outstanding

2.9M 240M
May 17, 2023

POS AM filing: This POS AM filing registers 272,927 Class A Ordinary Shares underlying warrants, 14,755 Class A Ordinary Shares underlying placement agent warrants, and 6,542 Class A Ordinary Shares underlying warrants issued to a previous placement agent.

1.9M 240M
Apr 28, 2023

20-F filing | 1.3M shares outstanding

1.3M 240M
Dec 19, 2022

F-3 filing: The filing registers Class A Ordinary Shares for resale by selling shareholders and also covers the potential offering of Class A Ordinary Shares, preferred shares, warrants, debt securities, or a combination thereof, up to an aggregate amount of $125,000,000.

13M 240M
Jun 01, 2022

POS AM filing: Aptorum Group Limited is registering up to 2,729,231 Class A Ordinary Shares underlying warrants and up to 147,538 Class A Ordinary Shares underlying placement agent warrants.

13M 0
Apr 29, 2022

20-F filing | 13.2M shares outstanding

13M 0
May 14, 2021

POS AM filing: Aptorum Group Limited is offering Class A Ordinary Shares and related warrants.

12M 0
Apr 19, 2021

20-F filing | 11.6M shares outstanding

12M 0
Sep 11, 2020

F-1 filing: Aptorum Group Limited is offering Class A Ordinary Shares and Pre-funded Warrants. The exercise price of each pre-funded warrant will equal $0.01 per share.

8.5M 0
Apr 29, 2020

20-F filing | 6.6M shares outstanding

6.6M 0
Jan 06, 2020

F-3 filing: The company is filing an F-3 to offer and sell up to $100,000,000 in the aggregate of Class A Ordinary Shares, preferred shares, warrants to purchase Class A Ordinary Shares or preferred shares, debt securities or any combination of the foregoing.

N/A 0
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