ARTELO BIOSCIENCES, INC. (ARTL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 510.32% of current shares
Recent Dilution: 253.38% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
2.3M
Potential Supply
12M
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

ARTL currently has 2.33M outstanding shares. with significant dilution risk as 11.9M authorized shares could dilute existing holders by 510.3%. The company has significantly diluted shareholders by 253.38% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 2.3M shares outstanding

2.3M 12M
Apr 07, 2026

S-1 filing: This prospectus relates to the offer and resale of common stock, pre-funded warrants, and common warrants by selling stockholders.

740K 14M
Mar 30, 2026

8-K filing: Artelo Biosciences, Inc. completed a private placement offering of common stock, pre-funded warrants, and common warrants for gross proceeds of $10,996,902.70. ($11.0M proceeds)

740K 3.7M
Mar 24, 2026

S-1/A filing: The filing relates to an offering of common stock and pre-funded warrants, as well as shares of common stock issuable upon exercise of pre-funded warrants and placement agent warrants.

740K 3.7M
Mar 23, 2026

S-1/A filing: The filing is an S-1/A amendment for an offering of common stock and pre-funded warrants to purchase common stock.

740K 3.8M
Nov 17, 2025

S-1 filing: This prospectus relates to the offer and resale of up to an aggregate of 899,972 shares of common stock by the selling securityholders.

700K 2M
Oct 31, 2025

8-K filing: Artelo Biosciences, Inc. issued convertible notes and warrants to certain investors, with directors and officers also participating in the offering.

700K 1.1M
Oct 01, 2025

8-K filing: Artelo Biosciences, Inc. completed an underwritten offering of 441,210 shares of common stock at $4.40 per share and pre-funded warrants to purchase up to 13,335 shares of common stock at $4.399 per Pre-funded Warrant, for gross proceeds of approximately $2 million. ($2.0M proceeds)

700K 1.1M
Aug 13, 2025

10-Q filing | 0.7M shares outstanding

700K 1.1M
Aug 07, 2025

8-K filing: Artelo Biosciences, Inc. entered into a Consulting Agreement with ABK Labs, Inc. to issue warrants to purchase up to 55,000 shares of the Company's common stock at an exercise price of $10.20 per share.

550K 1.3M
Aug 04, 2025

8-K filing: Artelo Biosciences, Inc. entered into a Securities Purchase Agreement to issue and sell shares of common stock, prefunded warrants, and warrants in a private placement, with gross proceeds expected to be approximately $9.475 million.

550K 1.3M
Jul 11, 2025

S-1 filing: This S-1 filing relates to the offer and resale of common stock by selling securityholders, including shares, shares issuable upon exercise of pre-funded warrants, $5.82 warrants, and $10.00 warrants, issued in a private placement.

550K 1.3M
Jun 26, 2025

8-K filing: Artelo Biosciences, Inc. entered into a securities purchase agreement for a private placement of shares of common stock, pre-funded warrants, and warrants, with gross proceeds expected to be approximately $1.425 million. ($1.43M proceeds)

550K 0
Jun 13, 2025
Stock Split

8-K filing: Stock split 1-for-6 | Outstanding: 3,281,000 → 546,667

550K 0
May 13, 2025

10-Q filing | 3.3M shares outstanding

3.3M 0
Mar 03, 2025

10-K filing | 3.2M shares outstanding

3.2M 0
Nov 12, 2024

10-Q filing | 3.2M shares outstanding

3.2M 0
Aug 13, 2024

10-Q filing | 3.2M shares outstanding

3.2M 0
May 13, 2024

10-Q filing | 3.2M shares outstanding

3.2M 0
Mar 25, 2024

10-K filing | 2.9M shares outstanding

2.9M 0
Nov 13, 2023

10-Q filing | 2.9M shares outstanding

2.9M 0
Aug 10, 2023

10-Q filing | 2.9M shares outstanding

2.9M 0
Jul 06, 2023

S-3 filing: Artelo Biosciences, Inc. is filing an S-3 to offer common stock, preferred stock, and debt securities up to an aggregate amount of $75,000,000.

2.9M 0
May 11, 2023

10-Q filing | 2.9M shares outstanding

2.9M 0
Mar 31, 2023

10-K filing | 1.6M shares outstanding

1.6M 0
Nov 08, 2022

10-Q filing | 2.9M shares outstanding

2.9M 0
Aug 10, 2022
Stock Split

8-K filing: Stock split 1-for-15 | Outstanding: 42,593,981 → 2,839,600

2.8M 0
Aug 09, 2022

10-Q filing | 42.6M shares outstanding

43M 0
May 16, 2022

S-1 filing: This S-1 filing relates to the offer and sale of up to 15,000,000 shares of common stock of Artelo Biosciences, Inc. by Lincoln Park Capital Fund, LLC.

42M 0
May 16, 2022

8-K filing: Artelo Biosciences entered into a purchase agreement with Lincoln Park Capital Fund, LLC for the purchase of up to $20.0 million worth of the Company's common stock over a 36-month period, and issued 292,968 commitment shares to Lincoln Park as consideration for entering the agreement.

42M 0
May 12, 2022

10-Q filing | 42.3M shares outstanding

42M 0
Jan 12, 2022

10-Q filing | 42.3M shares outstanding

42M 0
Nov 29, 2021

10-K filing | 5.0M shares outstanding

5M 0
Jul 12, 2021

10-Q filing | 24.5M shares outstanding

24M 0
Apr 13, 2021

10-Q filing | 23.1M shares outstanding

23M 0
Jan 21, 2021

POS AM filing: This POS AM filing details several issuances of common stock through Series D and E offerings, issuances for services, and issuances to directors.

16M 0
Jan 15, 2021

POS AM filing: This is a POS AM filing including information on Series D and E offerings, issuances to Blackrock Ventures and NEOMED, and shares issued to Directors.

16M 0
Jan 15, 2021

POS AM filing: This filing relates to the registration of securities and includes information about previous issuances of common stock.

16M 0
Jan 14, 2021

10-Q filing | 15.7M shares outstanding

16M 0
Nov 04, 2020

10-K filing | 15.1M shares outstanding

15M 0
Oct 14, 2020

8-K filing: Artelo Biosciences, Inc. closed a public offering of 10,120,000 shares of common stock and warrants to purchase 10,120,000 shares of common stock at a price of $0.75 per unit, resulting in net proceeds of approximately $6.58 million.

15M 0
Oct 08, 2020

S-1/A filing: This is an S-1/A filing from 2020-10-08 which discusses multiple prior offerings of common stock and warrants.

4.5M 0
Oct 07, 2020

S-1/A filing: This is an S-1/A filing including exhibits such as the underwriting agreement, warrants, articles of incorporation, bylaws, legal opinions, and various agreements.

4.5M 0
Oct 06, 2020

S-1/A filing: This is an offering of 6,395,348 Units consisting of an aggregate of 6,395,348 shares of our common stock and 6,395,348 warrants to purchase 6,395,348 shares of our common stock based on a public offering price of $ 0.86 per Unit.

4.5M 12M
Sep 28, 2020

S-1 filing: This is a preliminary prospectus for an offering of units, each consisting of one share of common stock and one warrant to purchase one share of common stock, with Ladenburg Thalmann & Co. Inc. as the sole book-running manager.

4.5M 0
Jul 13, 2020

10-Q filing | 4.5M shares outstanding

4.5M 0
Apr 13, 2020

10-Q filing | 3.4M shares outstanding

3.4M 0
Apr 07, 2020

POS AM filing: This POS AM filing from Artelo Biosciences, Inc. relates to the offering of shares of common stock issuable upon the exercise of warrants, originally issued as part of a unit offering, with exercise prices of $6.4575 and $6.765 per share.

3.4M 0
Jan 15, 2020

S-3 filing: The filing is an S-3 form by Artelo Biosciences, Inc. for a shelf offering of various securities up to an aggregate amount of $100,000,000.

3.4M 0
Jan 14, 2020

10-Q filing | 3.4M shares outstanding

3.4M 0
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