Coya Therapeutics, Inc. (COYA) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 12, 2026

Risk Assessment Details

Potential Dilution: 83.32% of current shares
Recent Dilution: 51.2% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
23M
Potential Supply
19M
Additional shares possible
Splits
None
Past 2 years

Summary

COYA currently has 22.6M outstanding shares. with significant dilution risk as 18.9M authorized shares could dilute existing holders by 83.3%. The company has significantly diluted shareholders by 51.2% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 12, 2026

10-Q filing | 22.6M shares outstanding

23M 19M
Mar 16, 2026

10-K filing | 23.5M shares outstanding

23M 19M
Nov 12, 2025

10-Q filing | 20.9M shares outstanding

21M 19M
Aug 12, 2025

S-3 filing: Coya Therapeutics, Inc. files an S-3 registration statement to offer and sell up to $75,000,000 of common stock, preferred stock, debt securities, subscription rights and units.

17M 19M
Aug 12, 2025

10-Q filing | 16.7M shares outstanding

17M 6.7M
May 13, 2025

10-Q filing | 16.7M shares outstanding

17M 6.7M
Mar 18, 2025

10-K filing | 15.2M shares outstanding

15M 6.7M
Nov 20, 2024

S-3 filing: This prospectus relates to the resale of up to 1,379,314 shares of Coya Therapeutics, Inc. common stock by the selling stockholders.

15M 6.7M
Nov 06, 2024

10-Q filing | 15.2M shares outstanding

15M 5.3M
Aug 12, 2024

10-Q filing | 14.9M shares outstanding

15M 5.3M
Jun 14, 2024

S-3 filing: This prospectus relates to the resale of up to 603,136 shares of Coya Therapeutics, Inc. common stock, by the selling stockholder listed in this prospectus or its permitted transferees.

15M 5.3M
May 09, 2024

10-Q filing | 14.5M shares outstanding

14M 4.7M
Mar 19, 2024

10-K filing | 14.5M shares outstanding

15M 4.7M
Jan 04, 2024

S-3 filing: This prospectus relates to the resale of up to 4,689,386 shares of Coya Therapeutics, Inc. common stock by the selling stockholders.

10M 4.7M
Nov 08, 2023

10-Q filing | 9.9M shares outstanding

9.9M 0
Aug 08, 2023

10-Q filing | 9.9M shares outstanding

9.9M 0
May 10, 2023

10-Q filing | 9.7M shares outstanding

9.7M 0
May 08, 2023

POS AM filing: This is a POS AM filing for Coya Therapeutics, Inc. relating to the offer and sale of up to 1,670,000 shares of common stock underlying warrants previously issued in their IPO, with an exercise price of $7.50 per share, expiring on January 3, 2025.

9.9M 0
Mar 29, 2023

10-K filing | 9.9M shares outstanding

9.9M 4.6M
Jan 25, 2023

8-K filing: Coya Therapeutics, Inc. sold an additional 237,804 shares of common stock and accompanying warrants upon the underwriters' exercise of their over-allotment option, completing the initial public offering for total gross proceeds of approximately $16.4 million.

9.7M 4.6M
Dec 13, 2022

S-1/A filing: This is the initial public offering of shares of common stock and warrants to purchase shares of common stock of Coya Therapeutics, Inc.

9.7M 4.6M
Dec 05, 2022

S-1/A filing: This is the initial public offering of shares of common stock and warrants to purchase shares of common stock of Coya Therapeutics, Inc.

9.7M 4.8M
Nov 18, 2022

S-1 filing: This is the initial public offering of shares of common stock of Coya Therapeutics, Inc.

N/A 0
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