Cardiol Therapeutics Inc. (CRDL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: March 31, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 47.77% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
100M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

CRDL currently has 100M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 47.77% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 31, 2026

40-F filing | 100.3M shares outstanding

100M 0
Mar 31, 2025

40-F filing | 82.6M shares outstanding

83M 0
Jul 05, 2024

F-10 filing: Cardiol Therapeutics Inc. may offer and sell Class A common shares, debt securities, warrants to purchase securities or subscription receipts or any combination of such securities up to an aggregate initial offering price of US $150,000,000.

65M 0
Apr 01, 2024

20-F filing | 65.4M shares outstanding

65M 0
Mar 29, 2023

20-F filing | 64.0M shares outstanding

64M 0
Jan 26, 2022

F-10 filing: Cardiol Therapeutics Inc. files a preliminary short form base shelf prospectus to offer and sell Class A common shares, debt securities, warrants, subscription receipts, or any combination of such securities up to an aggregate initial offering price of US $150,000,000.

N/A 0
Jul 08, 2021

F-10 filing: Cardiol Therapeutics Inc. files an F-10 for a shelf offering of common shares, debt securities, warrants, subscription receipts, or units up to $100,000,000.

N/A 0
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