Cayson Acquisition Corp (CAPN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 15, 2026

Risk Assessment Details

Potential Dilution: 104.42% of current shares
Recent Dilution: 15.5% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
5.7M
Potential Supply
6M
Additional shares possible
Splits
None
Past 2 years

Summary

CAPN currently has 5.75M outstanding shares. with significant dilution risk as 6M authorized shares could dilute existing holders by 104.4%. The company has diluted shareholders by 15.5% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 15, 2026

10-Q filing | 5.7M shares outstanding

5.7M 6M
Mar 24, 2026

10-K filing | 5.3M shares outstanding

5.3M 6M
Nov 12, 2025

10-Q filing | 7.8M shares outstanding

7.8M 6M
Aug 14, 2025

10-Q filing | 7.8M shares outstanding

7.8M 6M
May 07, 2025

10-Q filing | 7.8M shares outstanding

7.8M 6M
Mar 26, 2025

10-K filing | 7.3M shares outstanding

7.3M 6M
Nov 06, 2024

10-Q filing | 7.8M shares outstanding

7.8M 6M
Sep 27, 2024

8-K filing: Cayson Acquisition Corp consummated its initial public offering of 6,000,000 units at $10.00 per Unit, generating gross proceeds of $60,000,000, and simultaneously consummated a private placement of 230,000 units at $10.00 per Private Placement Unit, generating total proceeds of $2,300,000. ($62.3M proceeds)

N/A 6M
Sep 13, 2024

S-1/A filing: Initial public offering of units, each consisting of one ordinary share and one right to receive one-tenth of one ordinary share, with a total proposed amount of $60,000,000.

N/A 6M
Aug 28, 2024

S-1/A filing: Cayson Acquisition Corp proposes an initial public offering of units, each priced at $10.00, with a total proposed amount of $60,000,000. Each unit consists of one ordinary share and one right to receive one-tenth of one ordinary share upon completion of an initial business combination.

N/A 6M
Aug 08, 2024

S-1/A filing: Initial public offering of units, each consisting of one ordinary share and one right entitling the holder thereof to receive one-tenth of one ordinary share upon the completion of an initial business combination.

N/A 6.2M
Jun 28, 2024

S-1 filing: Initial public offering of units, each consisting of one ordinary share and one right to receive one-tenth of one ordinary share, with an offering price of $10.00 per unit.

N/A 6M
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