Aquestive Therapeutics, Inc. (AQST) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
AQST currently has 123M outstanding shares. with moderate dilution risk from 31.6M authorized shares representing 25.8% potential dilution. The company has significantly diluted shareholders by 34.96% 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 | 122.6M shares outstanding |
120M | 32M |
| Nov 05, 2025 |
10-Q filing | 110.6M shares outstanding |
110M | 44M |
| Aug 11, 2025 |
10-Q filing | 99.3M shares outstanding |
99M | 55M |
| May 12, 2025 |
10-Q filing | 95.5M shares outstanding |
95M | 59M |
| Mar 05, 2025 |
10-K filing | 98.9M shares outstanding |
99M | 55M |
| Nov 04, 2024 |
10-Q filing | 91.1M shares outstanding |
91M | 63M |
| Aug 06, 2024 |
10-Q filing | 90.9M shares outstanding |
91M | 63M |
| May 07, 2024 |
10-Q filing | 91.0M shares outstanding |
91M | 63M |
| Apr 22, 2024 |
8-K filing: Aquestive Therapeutics, Inc. completed a public offering on March 22, 2024, selling 16,666,667 shares of common stock at $4.50 per share, and on April 22, 2024, the Underwriters purchased 559,801 additional shares to cover over-allotments, bringing the total gross proceeds to approximately $77.5 million. ($77.52M proceeds) |
69M | 86M |
| Apr 03, 2024 |
S-3 filing: Aquestive Pharmaceuticals, Inc. files an S-3 form to offer up to $250,000,000 of common stock, preferred stock, and debt securities from time to time. |
69M | 86M |
| Mar 21, 2024 |
8-K filing: Aquestive Therapeutics, Inc. entered into an underwriting agreement for a public offering of 16,666,667 shares of common stock at $4.50 per share, with an option for underwriters to purchase an additional 2,500,000 shares, expecting net proceeds of approximately $69.8 million. ($69.8M proceeds) |
73M | 21M |
| Mar 05, 2024 |
10-K filing | 73.3M shares outstanding |
73M | 21M |
| Nov 06, 2023 |
10-Q filing | 64.7M shares outstanding |
65M | 29M |
| Sep 21, 2023 |
S-3 filing: This prospectus relates to the resale of up to 2,750,000 shares of Aquestive Therapeutics, Inc. common stock by the selling stockholder. |
62B | 0 |
| Aug 07, 2023 |
10-Q filing | 61726.7M shares outstanding |
62B | 0 |
| Aug 02, 2023 |
8-K filing: Aquestive Therapeutics executed an agreement to issue 5,000,000 shares of common stock upon the exercise of existing warrants at $0.96 per share, receiving gross proceeds of $4,800,000.00 and issuing new warrants to purchase up to 2,750,000 shares of common stock. ($8.34M proceeds) |
56M | 35M |
| May 02, 2023 |
10-Q filing | 55.6M shares outstanding |
56M | 35M |
| Mar 31, 2023 |
10-K filing | 55.9M shares outstanding |
56M | 35M |
| Nov 01, 2022 |
10-Q filing | 53.4M shares outstanding |
53M | 38M |
| Aug 10, 2022 |
8-K filing: Aquestive Therapeutics, Inc. granted an inducement equity award under the 2022 Equity Inducement Plan to Kenneth Truitt, M.D., consisting of non-qualified options to purchase 100,000 unregistered shares of the Company's common stock, effective on September 6, 2022. |
53M | 38M |
| Aug 02, 2022 |
10-Q filing | 53.4M shares outstanding |
53M | 38M |
| May 04, 2022 |
10-Q filing | 41.5M shares outstanding |
41M | 50M |
| Apr 13, 2022 |
8-K filing: Aquestive Therapeutics, Inc. entered into a purchase agreement with Lincoln Park Capital Fund, LLC, allowing the Company to sell up to $40,000,000 of shares of its common stock over a 36-month period; also issued 225,310 shares to Lincoln Park as consideration for its commitment. |
38M | 53M |
| Mar 08, 2022 |
10-K filing | 38.1M shares outstanding |
38M | 53M |
| Nov 02, 2021 |
10-Q filing | 39.2M shares outstanding |
39M | 52M |
| Aug 03, 2021 |
10-Q filing | 38.9M shares outstanding |
39M | 52M |
| May 04, 2021 |
10-Q filing | 33.6M shares outstanding |
34M | 58M |
| Mar 26, 2021 |
S-3 filing: Aquestive Pharmaceuticals, Inc. may offer up to $250,000,000 of any combination of common stock, preferred stock and debt securities from time to time. |
34M | 58M |
| Mar 09, 2021 |
10-K filing | 33.6M shares outstanding |
34M | 220K |
| Jan 08, 2021 |
S-3 filing: This S-3 filing registers for resale up to 143,000 shares of common stock issuable upon the exercise of warrants and up to 16,000 shares of common stock held by selling stockholders. |
34M | 160K |
| Nov 23, 2020 |
8-K filing: Aquestive Therapeutics, Inc. received $50.0 million in gross proceeds pursuant to its Purchase and Sale Agreement with MAM Pangolin Royalty, LLC, completed the repurchase of $22.5 million aggregate principal amount of Notes, issued $4.0 million aggregate principal amount of additional Notes, made an additional $2.25 million cash payment to certain holders of the Notes, and issued warrants to purchase up to 143,000 shares of the Company's common stock. |
34M | 0 |
| Nov 04, 2020 |
10-Q filing | 33.6M shares outstanding |
34M | 0 |
| Nov 03, 2020 |
8-K filing: Aquestive Therapeutics, Inc. entered into a First Supplemental Indenture to its Base Indenture, issuing an additional $4.0 million aggregate principal amount of Notes, agreeing to repurchase $22.5 million aggregate principal amount of Notes, and issuing warrants to purchase up to 857,000 shares of common stock. |
34M | 0 |
| Aug 04, 2020 |
10-Q filing | 33.6M shares outstanding |
34M | 0 |
| May 05, 2020 |
10-Q filing | 33.6M shares outstanding |
34M | 0 |
| Mar 11, 2020 |
10-K filing | 33.6M shares outstanding |
34M | 0 |