CLEVELAND-CLIFFS INC. (CLF) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
CLF currently has 570M outstanding shares. with minimal authorized share overhang for future dilution. The company has diluted shareholders by 20.84% over the past 2 years through share issuances.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Apr 21, 2026 |
10-Q filing | 570.0M shares outstanding |
570M | 0 |
| Oct 22, 2025 |
10-Q filing | 495.0M shares outstanding |
500M | 0 |
| Jul 23, 2025 |
10-Q filing | 495.0M shares outstanding |
500M | 0 |
| May 08, 2025 |
10-Q filing | 495.0M shares outstanding |
500M | 0 |
| Feb 25, 2025 |
10-K filing | 480.0M shares outstanding |
480M | 0 |
| Nov 05, 2024 |
10-Q filing | 468.0M shares outstanding |
470M | 0 |
| Jul 24, 2024 |
10-Q filing | 473.0M shares outstanding |
470M | 0 |
| Apr 25, 2024 |
10-Q filing | 492.0M shares outstanding |
490M | 0 |
| Feb 08, 2024 |
10-K filing | 510.0M shares outstanding |
510M | 0 |
| Oct 25, 2023 |
10-Q filing | 508.0M shares outstanding |
510M | 0 |
| Jul 26, 2023 |
10-Q filing | 513.0M shares outstanding |
510M | 0 |
| Apr 26, 2023 |
10-Q filing | 515.0M shares outstanding |
520M | 0 |
| Feb 14, 2023 |
10-K filing | 519.0M shares outstanding |
520M | 0 |
| Oct 26, 2022 |
10-Q filing | 516.0M shares outstanding |
520M | 0 |
| Jul 26, 2022 |
10-Q filing | 523.0M shares outstanding |
520M | 0 |
| Apr 26, 2022 |
10-Q filing | 521.0M shares outstanding |
520M | 0 |
| Feb 11, 2022 |
10-K filing | 498.0M shares outstanding |
500M | 0 |
| Oct 26, 2021 |
10-Q filing | 500.0M shares outstanding |
500M | 0 |
| Jul 28, 2021 |
10-Q filing | 500.0M shares outstanding |
500M | 0 |
| Apr 28, 2021 |
10-Q filing | 490.0M shares outstanding |
490M | 0 |
| Feb 26, 2021 |
10-K filing | 498.9M shares outstanding |
500M | 0 |
| Dec 09, 2020 |
8-K filing: The company entered into an investor rights agreement with ArcelorMittal S.A., modified its asset-based revolving credit facility, issued Common Shares and Series B Participating Redeemable Preferred Stock, and filed a Certificate of Amendment to its Fourth Amended Articles of Incorporation establishing the rights of the Series B Preferred Stock. |
400M | 0 |
| Oct 23, 2020 |
10-Q filing | 399.4M shares outstanding |
400M | 0 |
| Sep 28, 2020 |
8-K filing: Cleveland-Cliffs Inc. entered into a Transaction Agreement with ArcelorMittal S.A. to acquire ArcelorMittal USA in exchange for cash, common shares, and preferred stock. The company also filed an amendment to its articles of incorporation to remove a designation of preferred stock and consolidated previous amendments. |
270M | 0 |
| Jul 30, 2020 |
10-Q filing | 270.1M shares outstanding |
270M | 0 |
| May 11, 2020 |
10-Q filing | 270.1M shares outstanding |
270M | 0 |
| Mar 13, 2020 |
8-K filing: Cleveland-Cliffs Inc. completed the acquisition of AK Steel Holding Corporation on March 13, 2020, issuing 127,172,764 common shares in the merger, and also entered into an asset-based revolving credit facility and issued senior secured notes. |
280M | 0 |
| Feb 20, 2020 |
10-K filing | 284.5M shares outstanding |
280M | 0 |