COGNITION THERAPEUTICS INC (CGTX) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 08, 2026

Risk Assessment Details

Potential Dilution: 181.89% of current shares
Recent Dilution: 135.75% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
89M
Potential Supply
160M
Additional shares possible
Splits
None
Past 2 years

Summary

CGTX currently has 89.2M outstanding shares. with significant dilution risk as 162M authorized shares could dilute existing holders by 181.9%. The company has significantly diluted shareholders by 135.75% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 08, 2026

10-Q filing | 89.2M shares outstanding

89M 160M
Mar 26, 2026

10-K filing | 88.9M shares outstanding

89M 160M
Dec 18, 2025

S-3 filing: The company is filing an S-3 form to offer and sell up to $300,000,000 in the aggregate of common stock, preferred stock, debt securities, warrants, units, and subscription rights from time to time in one or more offerings.

88M 160M
Nov 06, 2025

10-Q filing | 88.3M shares outstanding

88M 110M
Aug 28, 2025

8-K filing: Cognition Therapeutics, Inc. entered into Securities Purchase Agreements to issue 14,700,000 shares of common stock at $2.05 per share in a registered direct offering, with gross proceeds of approximately $30.1 million. ($30.14M proceeds)

64M 110M
Aug 07, 2025

10-Q filing | 63.7M shares outstanding

64M 110M
May 07, 2025

10-Q filing | 61.8M shares outstanding

62M 110M
Mar 20, 2025

10-K filing | 32.2M shares outstanding

32M 110M
Nov 13, 2024

10-Q filing | 40.4M shares outstanding

40M 110M
Aug 08, 2024

10-Q filing | 40.1M shares outstanding

40M 110M
May 07, 2024

10-Q filing | 40.0M shares outstanding

40M 110M
Mar 26, 2024

10-K filing | 30.0M shares outstanding

30M 110M
Mar 13, 2024

8-K filing: Cognition Therapeutics, Inc. entered into an underwriting agreement to issue and sell 6,571,428 shares of common stock at $1.75 per share in a public offering, expecting net proceeds of approximately $10.4 million.

30M 110M
Dec 29, 2023

S-3 filing: This is an S-3 filing for the offer and resale of up to 6,030,532 shares of common stock by selling stockholders.

30M 110M
Nov 02, 2023

10-Q filing | 30.4M shares outstanding

30M 110M
Aug 08, 2023

10-Q filing | 29.6M shares outstanding

30M 110M
May 04, 2023

10-Q filing | 29.1M shares outstanding

29M 110M
Mar 23, 2023

10-K filing | 29.0M shares outstanding

29M 110M
Mar 10, 2023

8-K filing: Cognition Therapeutics, Inc. entered into a purchase agreement with Lincoln Park Capital Fund, LLC, allowing the Company to sell up to $35,000,000 of shares of its common stock to Lincoln Park over a 36-month term. ($0.35M proceeds)

29M 110M
Dec 23, 2022

S-3 filing: The company may offer and sell up to $200,000,000 in the aggregate of common stock, preferred stock, debt securities, warrants, units, and subscription rights from time to time in one or more offerings. Additionally, the company is offering common stock in an at the market offering for up to $40,000,000.

29M 110M
Nov 14, 2022

8-K filing: Cognition Therapeutics, Inc. completed a public offering of 5,000,000 shares of common stock at $1.20 per share, with an option for the underwriters to purchase an additional 750,000 shares. ($5.4M proceeds)

23M 3.9M
Nov 14, 2022

10-Q filing | 23.0M shares outstanding

23M 3.9M
Nov 07, 2022

S-1 filing: This is an S-1 filing related to the offering of Offered Shares, including Firm Shares and Option Shares, by Cognition Therapeutics, Inc.

23M 3.9M
Aug 09, 2022

10-Q filing | 22.6M shares outstanding

23M 3.9M
May 11, 2022

10-Q filing | 22.4M shares outstanding

22M 3.9M
Mar 30, 2022

10-K filing | 0.5M shares outstanding

540K 3.9M
Nov 17, 2021

10-Q filing | 0.6M shares outstanding

610K 3.9M
Oct 04, 2021

S-1/A filing: Initial public offering of shares of common stock of Cognition Therapeutics, Inc.

18M 3.9M
Sep 10, 2021

S-1/A filing: This is an S-1/A filing for the initial public offering of common stock of Cognition Therapeutics, Inc.

N/A 0
Aug 20, 2021

S-1/A filing: This is an S-1/A filing for the initial public offering of common stock of Cognition Therapeutics, Inc.

N/A 0
Jul 19, 2021

S-1 filing: This is an initial public offering of common stock. The company intends to use the net proceeds to fund research and development of its product candidates and development programs and for working capital and other general corporate purposes.

N/A 0
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