CorMedix Inc. (CRMD) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: November 12, 2025

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 29.41% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
76M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

CRMD currently has 75.9M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 29.41% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Nov 12, 2025

10-Q filing | 75.9M shares outstanding

76M 0
Jun 30, 2025

8-K filing: CorMedix Inc. completed an offering of 6,604,507 shares of common stock, with the underwriters having an option to purchase an additional 990,676 shares, resulting in net proceeds of approximately $82.2 million, and a potential of $94.8 million if the option is fully exercised. ($82.2M proceeds)

69M 6.6M
May 06, 2025

10-Q filing | 69.0M shares outstanding

69M 6.6M
Mar 25, 2025

10-K filing | 58.9M shares outstanding

59M 17M
Oct 30, 2024

10-Q filing | 58.8M shares outstanding

59M 17M
Aug 14, 2024

10-Q filing | 57.6M shares outstanding

58M 18M
May 09, 2024

S-3 filing: The filing is an S-3 form indicating a potential offering of up to $150,000,000 of Common Stock, Preferred Stock, Warrants, Debt Securities and/or Units, and a separate ATM offering of common stock up to $50,000,000.

55M 21M
May 09, 2024

10-Q filing | 57.5M shares outstanding

58M 18M
Mar 12, 2024

10-K filing | 50.9M shares outstanding

51M 25M
Nov 14, 2023

10-Q filing | 56.6M shares outstanding

57M 19M
Aug 08, 2023

10-Q filing | 54.8M shares outstanding

55M 21M
Jun 30, 2023

8-K filing: CorMedix Inc. entered into an underwriting agreement for the issuance and sale of 7,500,000 shares of common stock and pre-funded warrants to purchase 2,500,625 shares, with an option for the underwriters to purchase up to 1,500,093 additional shares.

44M 31M
May 15, 2023

10-Q filing | 44.1M shares outstanding

44M 31M
Mar 30, 2023

10-K filing | 40.3M shares outstanding

40M 35M
Nov 10, 2022

10-Q filing | 41.2M shares outstanding

41M 34M
Aug 11, 2022

10-Q filing | 39.8M shares outstanding

40M 36M
May 12, 2022

10-Q filing | 38.2M shares outstanding

38M 37M
Mar 29, 2022

10-K filing | 38.7M shares outstanding

39M 37M
Nov 09, 2021

10-Q filing | 38.1M shares outstanding

38M 37M
Aug 12, 2021

10-Q filing | 38.1M shares outstanding

38M 37M
Aug 12, 2021

S-3 filing: The company is filing an S-3 to offer $150,000,000 of common stock, preferred stock, warrants, debt securities and/or units.

38M 38M
May 13, 2021

10-Q filing | 38.1M shares outstanding

38M 12M
Mar 30, 2021

10-K filing | 38.0M shares outstanding

38M 12M
Nov 05, 2020

S-3 filing: The filing is an S-3 form for a shelf registration to offer and sell up to $100,000,000 in the aggregate of common stock, preferred stock, warrants, debt securities and/or units.

31M 19M
Nov 05, 2020

10-Q filing | 32.1M shares outstanding

32M 18M
Aug 10, 2020

10-Q filing | 31.2M shares outstanding

31M 0
Jul 29, 2020

8-K filing: CorMedix Inc. entered into an underwriting agreement for the issuance and sale of 4,444,444 shares of common stock at a public offering price of $4.50 per share, with an option for the underwriters to purchase up to an additional 666,666 shares. ($20.0M proceeds)

26M 0
May 11, 2020

10-Q filing | 26.1M shares outstanding

26M 0
Mar 16, 2020

10-K filing | 25.7M shares outstanding

26M 0
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