Capstone Holding Corp. (CAPS) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 20, 2026

Risk Assessment Details

Potential Dilution: 14.54% of current shares
Recent Dilution: 113.97% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
13M
Potential Supply
1.8M
Additional shares possible
Splits
None
Past 2 years

Summary

CAPS currently has 12.6M outstanding shares. with limited dilution risk as only 1.84M additional shares (14.5%) are authorized for issuance. The company has significantly diluted shareholders by 113.97% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 20, 2026

10-Q filing | 12.6M shares outstanding

13M 1.8M
Nov 18, 2025

10-Q filing | 8.3M shares outstanding

8.3M 6.2M
Oct 06, 2025

8-K filing: Capstone Holding Corp. entered into an Exchange Agreement with Brookstone Lenders, issuing Series Z Preferred Stock in exchange for outstanding notes, and also adjusted the conversion price of senior secured convertible notes with an institutional investor.

5.4M 9.1M
Aug 15, 2025

8-K filing: Capstone Holding Corp. agreed to reduce the conversion price of the Convertible Note to $1.00 starting on August 15, 2025, allowing the Buyer to convert up to $1,363,736 of principal amount of the Note at the new conversion price.

5.2M 9.3M
Aug 15, 2025

10-Q filing | 5.4M shares outstanding

5.4M 9.1M
Aug 04, 2025

S-1 filing: This S-1 filing relates to the offer and resale of up to 4,081,672 shares of common stock issuable upon conversion of a convertible note.

5.2M 9.3M
Jun 09, 2025

S-1/A filing: This S-1/A filing relates to the offer and resale of up to 5,190,251 shares of common stock by the selling stockholder.

5.2M 5.2M
Jun 03, 2025

S-1 filing: Capstone Holding Corp. is offering up to 5,190,251 shares of common stock through a combination of commitment shares and equity line securities.

5.2M 5.2M
May 15, 2025

10-Q filing | 5.2M shares outstanding

5.2M 0
Mar 31, 2025

10-K filing | 5.2M shares outstanding

5.2M 0
Mar 11, 2025

8-K filing: Capstone Holding Corp. closed a public offering on March 7, 2025, selling 1,250,000 shares of common stock at $4.00 per share, resulting in gross proceeds of $5 million, and issued warrants to the underwriters to purchase 62,500 shares at an exercise price of $4.00 per share. ($5.0M proceeds)

N/A 0
Feb 06, 2025

S-1/A filing: This is an S-1/A filing for a common stock offering managed by Joseph Gunnar & Co., LLC. The underwriters have a 45-day option to purchase up to an additional 187,500 shares of common stock to cover over-allotments.

N/A 190K
Jan 27, 2025

S-1/A filing: This is an S-1/A filing for a common stock offering managed by Joseph Gunnar & Co., LLC. The company grants a 45-day option to underwriters to purchase up to 187,500 additional shares for over-allotments.

N/A 190K
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