AVADEL PHARMACEUTICALS PLC (AVDL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: November 04, 2025

Risk Assessment Details

Potential Dilution: 9.44% of current shares
Recent Dilution: 2.21% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
97M
Potential Supply
9.2M
Additional shares possible
Splits
None
Past 2 years

Summary

AVDL currently has 97.1M outstanding shares. with limited dilution risk as only 9.17M additional shares (9.4%) are authorized for issuance. The company has minimally diluted shareholders by 2.21% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Nov 04, 2025

10-Q filing | 97.1M shares outstanding

97M 9.2M
Aug 07, 2025

10-Q filing | 96.7M shares outstanding

97M 9.2M
May 07, 2025

10-Q filing | 96.6M shares outstanding

97M 9.2M
Mar 07, 2025

8-K filing: Avadel Pharmaceuticals plc approved equity grants to its executives, including options to purchase ordinary shares and restricted share awards, with vesting conditions based on the company's share price performance.

95M 9.2M
Mar 03, 2025

10-K filing | 95.1M shares outstanding

95M 9.2M
Nov 12, 2024

10-Q filing | 96.3M shares outstanding

96M 9.2M
Aug 08, 2024

10-Q filing | 96.2M shares outstanding

96M 9.2M
May 08, 2024

8-K filing: Avadel Pharmaceuticals plc entered into an Open Market Sale Agreement with Jefferies LLC to offer and sell Ordinary Shares up to $100,000,000 and terminated the previous ADS Sales Agreement upon the direct listing of Ordinary Shares on the Nasdaq Stock Market. ($13.5M proceeds)

91M 9.2M
May 08, 2024

10-Q filing | 91.7M shares outstanding

92M 9.2M
Feb 29, 2024

10-K filing | 90.6M shares outstanding

91M 28M
Nov 08, 2023

10-Q filing | 89.4M shares outstanding

89M 28M
Aug 09, 2023

10-Q filing | 89.4M shares outstanding

89M 28M
May 31, 2023

8-K filing: Avadel Finance exercised its option to exchange $106,268,000.00 aggregate principal amount of its 6.00% Exchangeable Senior Notes due 2027 for approximately 12.3 million American Depositary Shares and $1.47 million in cash, with the exchange scheduled to close on June 26, 2023.

77M 28M
May 04, 2023

10-Q filing | 76.8M shares outstanding

77M 28M
Apr 03, 2023

8-K filing: Avadel Pharmaceuticals plc closed a public offering of ordinary shares and Series B Non-Voting Convertible Preferred Shares, with gross proceeds of approximately $143.8 million. ($287.6M proceeds)

77M 28M
Mar 30, 2023

8-K filing: Avadel Pharmaceuticals plc entered into an underwriting agreement for a public offering of ordinary shares and Series B Non-Voting Convertible Preferred Shares, with expected net proceeds of approximately $117.0 million, potentially increasing to $134.6 million if the underwriters exercise their option in full. ($234.0M proceeds)

60M 28M
Mar 29, 2023

10-K filing | 60.1M shares outstanding

60M 28M
Nov 09, 2022

10-Q filing | 60.2M shares outstanding

60M 28M
Aug 31, 2022

S-3 filing: The filing is an S-3 shelf registration for the potential offering and sale of up to $500,000,000 in aggregate principal amount of ordinary shares, ordinary shares represented by American Depositary Shares, preferred shares, debt securities, warrants and/or units.

59M 28M
Aug 09, 2022

10-Q filing | 59.0M shares outstanding

59M 9.2M
May 09, 2022

10-Q filing | 58.8M shares outstanding

59M 9.2M
Apr 05, 2022

8-K filing: Avadel Finance Cayman Limited, a subsidiary of Avadel Pharmaceuticals plc, closed its exchange of approximately $117.4 million in Existing Notes and $5.6 million for approximately $117.4 million in New Notes due October 2, 2023, pursuant to Section 4(a)(2) of the Securities Act of 1933.

59M 9.2M
Mar 16, 2022

8-K filing: Avadel Pharmaceuticals plc, through its subsidiary Avadel Finance Cayman Limited, entered into exchange agreements to exchange approximately $117.4 million in aggregate principal amount of existing 4.50% Exchangeable Senior Notes due February 1, 2023 and approximately $5.6 million in cash for approximately $117.4 million in aggregate principal amount of new 4.50% Exchangeable Senior Notes due October 2, 2023.

59M 9.2M
Mar 16, 2022

10-K filing | 58.5M shares outstanding

59M 9.2M
Nov 08, 2021

10-Q filing | 58.6M shares outstanding

59M 9.2M
Aug 09, 2021

10-Q filing | 58.5M shares outstanding

58M 9.2M
May 10, 2021

10-Q filing | 58.4M shares outstanding

58M 9.2M
Mar 09, 2021

10-K filing | 54.9M shares outstanding

55M 9.2M
Nov 09, 2020

10-Q filing | 58.2M shares outstanding

58M 9.2M
Aug 10, 2020

10-Q filing | 37.3M shares outstanding

37M 9.2M
May 11, 2020

10-Q filing | 58.1M shares outstanding

58M 9.2M
May 01, 2020

S-3 filing: This is an S-3 filing for the resale of ordinary shares represented by American Depositary Shares by selling shareholders.

42M 9.2M
Apr 29, 2020

8-K filing: Avadel Pharmaceuticals plc entered into an underwriting agreement for a public offering of 11,630,000 American Depositary Shares at $10.75 per share, with expected net proceeds of approximately $117.1 million. ($117.1M proceeds)

42M 0
Mar 16, 2020

10-K filing | 41.8M shares outstanding

42M 0
Feb 24, 2020

8-K filing: Avadel Pharmaceuticals plc entered into a Securities Purchase Agreement to sell 8,680,225 ordinary shares and 487,614 Series A Non-Voting Convertible Preferred Shares at $7.09 per share, resulting in gross proceeds of approximately $65 million. ($65.0M proceeds)

46M 0
Feb 05, 2020

S-3 filing: The filing is for a shelf offering of ordinary shares, ordinary shares represented by American Depositary Shares, preferred shares, debt securities, warrants and/or units up to an aggregate principal amount of $250,000,000.

37M 0
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