Ardmore Shipping Corp (ASC) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Low Risk

Limited dilution potential

Last updated: March 07, 2025

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: 1.28% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

42M

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

ASC currently has 41.7M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 1.28% over the past 2 years.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding	Supply
Mar 07, 2025	20-F filing \| 41.7M shares outstanding	42M	0
Aug 30, 2024	F-3 filing: Ardmore Shipping Corporation files an F-3 to offer and sell up to $500,000,000 in the aggregate of its common shares, preferred shares, debt securities, convertible debt securities, warrants, and units in any combination. The company also intends to offer common shares having a maximum aggregate offering price of up to $50,000,000 in an at-the-market offering.	41M	0
Mar 15, 2024	20-F filing \| 41.1M shares outstanding	41M	0
Mar 24, 2023	20-F filing \| 38.4M shares outstanding	38M	0
Sep 02, 2022	F-3 filing: Ardmore Shipping Corporation files an F-3 form to offer and sell up to $500,000,000 in the aggregate of common shares, preferred shares, debt securities, convertible debt securities, warrants, and units in any combination, as well as offering common shares via an at-the-market offering with a maximum aggregate offering price of up to $50,000,000.	34M	250K
Mar 11, 2022	20-F filing \| 33.9M shares outstanding	34M	250K
Aug 20, 2021	F-3 filing: This is an F-3 filing for Ardmore Shipping Corporation, covering a shelf offering of up to $400,000,000 in the aggregate of common shares, preferred shares, debt securities, convertible debt securities, warrants, and units, and an offering of 950,000 common shares by the Selling Shareholder, along with an ATM offering of common stock up to $50,000,000.	33M	950K
Mar 05, 2021	20-F filing \| 33.2M shares outstanding	33M	0
Apr 03, 2020	20-F filing \| 33.1M shares outstanding	33M	0

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