Carisma Therapeutics Inc. (CARM) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: December 15, 2025

Risk Assessment Details

Potential Dilution: 304.2% of current shares
Recent Dilution: 1.3% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
42M
Potential Supply
130M
Additional shares possible
Splits
None
Past 2 years

Summary

CARM currently has 41.8M outstanding shares. with significant dilution risk as 127M authorized shares could dilute existing holders by 304.2%. The company has minimally diluted shareholders by 1.3% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Dec 15, 2025

POS AM filing: Registration Statement on Form S-3 registering the offering, issuance and sale by the Registrant of up to $300,000,000 of the Registrant's debt securities, Common Stock, preferred stock, depositary shares, subscription rights, warrants to purchase Common Stock, preferred stock, depositary shares or debt securities, and units.

42M 130M
Dec 15, 2025

POS AM filing: Registration Statement on Form S-3 registering the offering, issuance and sale by the Registrant of up to $300,000,000 of the Registrant's debt securities, Common Stock, preferred stock, depositary shares, subscription rights, warrants to purchase Common Stock, preferred stock, depositary shares or debt securities, and units.

42M 130M
Dec 15, 2025

POS AM filing: Registration Statement on Form S-3 registering the offering, issuance and sale by the Registrant of up to $300,000,000 of the Registrant's debt securities, Common Stock, preferred stock, depositary shares, subscription rights, warrants to purchase Common Stock, preferred stock, depositary shares or debt securities, and units.

42M 130M
Dec 15, 2025

POS AM filing: Registration Statement on Form S-3 registering the offering, issuance and sale by the Registrant of up to $300,000,000 of the Registrant's debt securities, Common Stock, preferred stock, depositary shares, subscription rights, warrants to purchase Common Stock, preferred stock, depositary shares or debt securities, and units.

42M 130M
Nov 12, 2025

10-Q filing | 41.8M shares outstanding

42M 130M
Aug 07, 2025

10-Q filing | 41.8M shares outstanding

42M 130M
May 13, 2025

10-Q filing | 41.8M shares outstanding

42M 130M
Mar 31, 2025

10-K filing | 41.5M shares outstanding

41M 130M
Nov 07, 2024

10-Q filing | 41.8M shares outstanding

42M 130M
Aug 08, 2024

10-Q filing | 41.5M shares outstanding

42M 130M
May 09, 2024

10-Q filing | 40.9M shares outstanding

41M 130M
Apr 01, 2024

10-K filing | 41.5M shares outstanding

42M 130M
Nov 09, 2023

10-Q filing | 40.3M shares outstanding

40M 130M
Aug 10, 2023

10-Q filing | 40.3M shares outstanding

40M 130M
May 11, 2023

10-Q filing | 40.3M shares outstanding

40M 130M
Apr 17, 2023

S-3 filing: Carisma Therapeutics Inc. may offer and sell securities from time to time in one or more offerings of up to $300,000,000 in aggregate offering price.

200M 0
Apr 17, 2023

S-3 filing: This S-3 filing registers 3,730,608 shares of common stock for resale by selling stockholders of Carisma Therapeutics Inc.

200M 0
Mar 08, 2023

8-K filing: Carisma sold 1,964,101 shares of common stock at approximately $30.6 million to Carisma Investors prior to the merger, which were later exchanged for shares of the Company's common stock. ($30.6M proceeds)

200M 0
Feb 28, 2023

10-K filing | 200.5M shares outstanding

200M 0
Nov 07, 2022

10-Q filing | 200.9M shares outstanding

200M 0
Aug 08, 2022

10-Q filing | 199.5M shares outstanding

200M 0
May 09, 2022

10-Q filing | 199.5M shares outstanding

200M 0
Feb 28, 2022

10-K filing | 182.3M shares outstanding

180M 0
Nov 08, 2021

10-Q filing | 201.0M shares outstanding

200M 0
Aug 09, 2021

10-Q filing | 196.0M shares outstanding

200M 0
May 10, 2021

S-3 filing: This is an S-3 filing for a shelf offering of debt securities, common stock, preferred stock, depository shares, rights and units with a total proposed amount of $200,000,000. It also mentions warrants to purchase common stock.

170M 1.3M
May 10, 2021

10-Q filing | 157.0M shares outstanding

160M 12M
Mar 15, 2021

10-K filing | 167.6M shares outstanding

170M 0
Nov 09, 2020

10-Q filing | 129.3M shares outstanding

130M 0
Aug 10, 2020

10-Q filing | 112.6M shares outstanding

110M 0
May 11, 2020

10-Q filing | 109.8M shares outstanding

110M 0
Mar 16, 2020

10-K filing | 110.0M shares outstanding

110M 0
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