Clearmind Medicine Inc. (CMND) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: March 25, 2026

Risk Assessment Details

Potential Dilution: 635.43% of current shares
Recent Dilution: 31.14% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
2.4M
Potential Supply
15M
Additional shares possible
Splits
None
Past 2 years

Summary

CMND currently has 2.39M outstanding shares. with significant dilution risk as 15.2M authorized shares could dilute existing holders by 635.4%. The company has significantly diluted shareholders by 31.14% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 25, 2026

POS AM filing: This prospectus relates to the resale, by the selling shareholders identified in this prospectus, of up to aggregate of 331,949 common shares, no par value, of Clearmind Medicine Inc. issuable upon the exercise of warrants, or the January 2024 PIPE Warrants, originally issued in a private placement on January 16, 2024.

2.4M 15M
Sep 15, 2025

POS AM filing: This prospectus relates to the resale of common shares issuable upon the exercise of warrants originally issued in a private placement.

5.5M 15M
Jun 12, 2025

POS AM filing: This prospectus relates to the resale of up to 1,126,480 common shares issuable upon the exercise of warrants originally issued in a private placement on January 16, 2024.

5.4M 15M
Mar 13, 2025

POS AM filing: This is a POS AM filing for Clearmind Medicine Inc. relating to the resale of up to 1,126,480 common shares issuable upon the exercise of warrants originally issued in a private placement on January 16, 2024.

5.1M 15M
Jan 22, 2025

POS AM filing: This prospectus relates to the resale of up to 1,126,480 common shares issuable upon the exercise of warrants originally issued in a private placement on January 16, 2024.

4.7M 15M
Jan 22, 2025

20-F filing | 4.3M shares outstanding

4.3M 15M
Sep 24, 2024

POS AM filing: This POS AM filing relates to the resale of up to 1,331,480 common shares issuable upon the exercise of warrants originally issued in a private placement on January 16, 2024.

4.1M 15M
Jul 23, 2024

POS AM filing: This is a POS AM filing for Clearmind Medicine Inc. relating to the resale of up to 1,331,480 common shares issuable upon the exercise of warrants originally issued in a private placement on January 16, 2024.

4M 15M
Mar 20, 2024

POS AM filing: This POS AM filing relates to the resale of up to 1,500,000 common shares issuable upon the exercise of warrants originally issued in a private placement on January 16, 2024.

3.3M 15M
Feb 07, 2024

F-1 filing: Registration of 1,500,000 common shares for resale by selling shareholders, issuable upon exercise of warrants from a private placement on January 16, 2024.

3.2M 17M
Jan 29, 2024

20-F filing | 0.6M shares outstanding

610K 15M
Jan 18, 2024

POS AM filing: This prospectus relates to the issuance of up to 1,047,384 Common Shares, upon the exercise of (i) warrants to purchase 483,461 Common Shares and (ii) warrants to purchase 563,923 Common Shares.

3.1M 15M
Dec 11, 2023

F-3 filing: Clearmind Medicine Inc. files an F-3 form to offer, issue and sell from time to time up to US $50,000,000 of our Common Shares, subscription rights, warrants, and a combination of such securities, separately or as units, in one or more offerings.

1.3M 19M
Jul 17, 2023

F-1 filing: Clearmind Medicine Inc. is offering up to $7.0 million of Common Shares, Pre-Funded Warrants, and Common Warrants on a reasonable best efforts basis. The offering consists of up to 15,217,391 Common Shares at an assumed price of $0.46 per share and includes Pre-Funded Warrants and Common Warrants to purchase additional Common Shares.

1.3M 19M
Mar 27, 2023

F-1 filing: Clearmind Medicine Inc. is offering up to $15 million of Common Shares, Pre-Funded Warrants, and Common Warrants on a reasonable best efforts basis.

1.3M 4.2M
Feb 06, 2023

20-F filing | 1.3M shares outstanding

1.3M 0
Jun 29, 2022

F-1 filing: This is an F-1 filing for the initial public offering of Clearmind Medicine Inc., offering units consisting of common shares and warrants, with the intention to list on The Nasdaq Capital Market.

N/A 0
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