ARTESIAN RESOURCES CORP (ARTNA) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: May 08, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 0.3% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
10M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

ARTNA currently has 10.3M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 0.3% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 08, 2026

10-Q filing | 10.3M shares outstanding

10M 0
Mar 16, 2026

10-K filing | 10.3M shares outstanding

10M 0
Nov 07, 2025

10-Q filing | 10.3M shares outstanding

10M 0
Aug 08, 2025

10-Q filing | 10.3M shares outstanding

10M 0
May 09, 2025

10-Q filing | 10.3M shares outstanding

10M 0
Mar 26, 2025

10-K filing | 10.3M shares outstanding

10M 0
Nov 08, 2024

10-Q filing | 10.3M shares outstanding

10M 0
Aug 07, 2024

10-Q filing | 10.3M shares outstanding

10M 0
May 09, 2024

10-Q filing | 10.3M shares outstanding

10M 0
Mar 18, 2024

10-K filing | 10.0M shares outstanding

10M 0
Nov 07, 2023

10-Q filing | 10.3M shares outstanding

10M 0
Aug 08, 2023

10-Q filing | 10.0M shares outstanding

10M 0
Jun 22, 2023

8-K filing: Artesian Resources Corporation announced the closing of its underwritten public offering consisting of 695,650 shares of Class A Non-Voting Common Stock at $50 per share on May 23, 2023, and Janney Montgomery Scott LLC exercised its over-allotment option, purchasing an additional 67,689 shares on June 16, 2023, with net proceeds to the Company of approximately $3.24 million. ($3.24M proceeds)

8.6M 730K
May 23, 2023

8-K filing: Artesian Resources Corporation completed the sale of 695,650 shares of Class A Non-Voting Common Stock at $50 per share, resulting in net proceeds of approximately $33.0 million for general corporate purposes. ($34.78M proceeds)

8.6M 730K
May 10, 2023

10-Q filing | 8.6M shares outstanding

8.6M 730K
Mar 10, 2023

10-K filing | 9.5M shares outstanding

9.5M 0
Nov 04, 2022

10-Q filing | 8.6M shares outstanding

8.6M 750K
Sep 29, 2022

S-3/A filing: Artesian Resources Corporation files an S-3/A to offer up to $40,000,000 of Class A Non-Voting Common Stock from time to time, with the intention to use the net proceeds to fund a paid-in capital contribution to Artesian Water for debt repayment, capital expenditures, and general corporate purposes.

9.5M 0
Aug 12, 2022

S-3 filing: Artesian Resources Corporation may offer to sell up to $40,000,000 maximum aggregate offering price of Class A Non-Voting Common Stock from time to time.

9.5M 0
Aug 05, 2022

10-Q filing | 8.6M shares outstanding

8.6M 0
May 05, 2022

10-Q filing | 8.6M shares outstanding

8.6M 0
Mar 11, 2022

10-K filing | 8.5M shares outstanding

8.5M 0
Nov 05, 2021

10-Q filing | 8.5M shares outstanding

8.5M 0
Aug 06, 2021

10-Q filing | 8.5M shares outstanding

8.5M 0
May 06, 2021

10-Q filing | 8.5M shares outstanding

8.5M 0
Mar 12, 2021

10-K filing | 9.3M shares outstanding

9.3M 0
Nov 06, 2020

10-Q filing | 8.5M shares outstanding

8.5M 0
Aug 07, 2020

10-Q filing | 8.5M shares outstanding

8.5M 0
May 07, 2020

10-Q filing | 9.3M shares outstanding

9.3M 0
Mar 13, 2020

10-K filing | 0.9M shares outstanding

880K 0
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