CARGO Therapeutics, Inc. (CRGX) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: August 19, 2025

Risk Assessment Details

Potential Dilution: 38.95% of current shares
Recent Dilution: 26.22% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
48M
Potential Supply
19M
Additional shares possible
Splits
None
Past 2 years

Summary

CRGX currently has 48.1M outstanding shares. with moderate dilution risk from 18.8M authorized shares representing 39.0% potential dilution. The company has significantly diluted shareholders by 26.22% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Aug 19, 2025

S-3/A filing: S-3/A filing registering (i) a base prospectus for up to $300,000,000 of common stock, preferred stock, debt securities, warrants and/or units; and (ii) the sale of up to $200,000,000 of common stock under a sales agreement with TD Securities (USA) LLC.

48M 19M
Aug 19, 2025

S-3/A filing: This S-3/A filing registers (i) a base prospectus for the offering, issuance and sale of up to $300,000,000 of common stock, preferred stock, debt securities, warrants and/or units and (ii) the sale of up to $200,000,000 of common stock under a sales agreement with TD Securities (USA) LLC.

48M 19M
Aug 06, 2025

10-Q filing | 48.1M shares outstanding

48M 19M
May 08, 2025

10-Q filing | 47.9M shares outstanding

48M 19M
Mar 12, 2025

10-K filing | 45.0M shares outstanding

45M 19M
Mar 12, 2025

POS AM filing: This prospectus relates to the proposed resale or other disposition by the selling stockholders of up to an aggregate of 6,471,000 shares of common stock. The company is not selling any common stock under this prospectus and will not receive any proceeds from the sale by the Selling Stockholders of the Resale Shares.

48M 19M
Mar 12, 2025

POS AM filing: Cargo Therapeutics, Inc. files a POS AM to offer and sell up to $300,000,000 in the aggregate of common stock, preferred stock, and debt securities from time to time in one or more offerings.

46M 19M
Nov 12, 2024

10-Q filing | 47.7M shares outstanding

48M 25M
Aug 12, 2024

10-Q filing | 43.3M shares outstanding

43M 25M
Jun 17, 2024

S-1 filing: This S-1 filing relates to the proposed resale of up to 6,471,000 shares of common stock by selling stockholders.

41M 25M
May 14, 2024

10-Q filing | 41.0M shares outstanding

41M 19M
Mar 21, 2024

10-K filing | 39.4M shares outstanding

39M 19M
Dec 13, 2023

10-Q filing | 41.2M shares outstanding

41M 19M
Nov 06, 2023

S-1/A filing: S-1/A filing for an offering of common stock with an option to purchase additional shares, intended to fund clinical trials, research and development, and general corporate purposes.

20M 19M
Nov 01, 2023

S-1/A filing: This is an S-1/A filing detailing recent sales of unregistered securities, including common stock and preferred stock issuances, since January 1, 2020.

N/A 15M
Oct 20, 2023

S-1 filing: This is an S-1 filing related to an initial public offering, detailing executive compensation, offering terms for common stock, use of proceeds, risk factors, and financial data.

N/A 0
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