Castor Maritime Inc. (CTRM) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: April 15, 2026

Risk Assessment Details

Potential Dilution: 1824.36% of current shares
Recent Dilution: 1.16% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
9.6M
Potential Supply
170M
Additional shares possible
Splits
None
Past 2 years

Summary

CTRM currently has 9.57M outstanding shares. with significant dilution risk as 175M authorized shares could dilute existing holders by 1824.4%. The company has minimally diluted shareholders by 1.16% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 15, 2026

20-F filing | 9.6M shares outstanding

9.6M 170M
May 14, 2025

20-F filing | 9.5M shares outstanding

9.5M 170M
Feb 29, 2024

20-F filing | 96.6M shares outstanding

97M 170M
Mar 08, 2023

20-F filing | 94.6M shares outstanding

95M 170M
Apr 01, 2022

POS AM filing: The filing is a POS AM filing indicating that the company may offer up to $450,000,000 of common shares, preferred shares, debt securities, warrants, purchase contracts, rights or units from time to time. It also relates to an at-the-market offering of common shares up to $150,000,000 through Maxim.

95M 170M
Mar 31, 2022

20-F filing | 94.6M shares outstanding

95M 170M
Mar 30, 2021

20-F filing | 131.2M shares outstanding

130M 170M
Jan 27, 2021

F-3 filing: The filing is an F-3 form indicating that the company may periodically offer common shares, preferred shares, debt securities, warrants, purchase contracts, rights, and units, up to a total amount of $700,000,000.

130M 170M
Sep 17, 2020

POS AM filing: This POS AM filing relates to the offering of up to 56,090,500 common shares issuable upon exercise of Class A Warrants, which are exercisable at any time and will expire on June 25, 2025.

130M 170M
Sep 14, 2020

POS AM filing: This is a POS AM filing for Castor Maritime Inc. The sole purpose of this Post-Effective Amendment No. 2 is to file Exhibit 5.1, Exhibit 8.1 and Exhibit 23.2.

190M 170M
Aug 21, 2020

POS AM filing: This POS AM filing describes the use of proceeds from the exercise of Class A Warrants, and details the company's capitalization as of December 31, 2019, adjusted for events through August 19, 2020, including public offerings, warrant exercises, and debt conversions.

190M 170M
Jul 31, 2020

F-3 filing: This filing discusses the company's financial results for the first quarter of 2020, equity transactions, vessel acquisitions, and the background of a registered direct offering and private placement of warrants.

9.9M 170M
Jun 05, 2020

F-1 filing: This F-1 filing outlines a proposed offering of common shares and pre-funded warrants, with an over-allotment option, to be managed by Maxim Group LLC. The proceeds will be used for capital expenditures, working capital, asset acquisitions, or general corporate purposes.

9.9M 0
Mar 31, 2020

20-F filing | 3.3M shares outstanding

3.3M 0
Feb 07, 2020

F-3 filing: The company is registering the resale of shares underlying convertible debentures issued in a private placement for an aggregate principal amount of $5.0 million.

N/A 0
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