Cytosorbents Corp (CTSO) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 13, 2026

Risk Assessment Details

Potential Dilution: 152.88% of current shares
Recent Dilution: 19.27% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
63M
Potential Supply
96M
Additional shares possible
Splits
None
Past 2 years

Summary

CTSO currently has 62.7M outstanding shares. with significant dilution risk as 95.9M authorized shares could dilute existing holders by 152.9%. The company has diluted shareholders by 19.27% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 13, 2026

10-Q filing | 62.7M shares outstanding

63M 96M
Mar 30, 2026

10-K filing | 62.2M shares outstanding

62M 96M
Nov 13, 2025

10-Q filing | 62.8M shares outstanding

63M 96M
Aug 07, 2025

10-Q filing | 62.6M shares outstanding

63M 96M
May 14, 2025

10-Q filing | 60.7M shares outstanding

61M 98M
Mar 31, 2025

10-K filing | 62.5M shares outstanding

63M 96M
Nov 07, 2024

10-Q filing | 54.5M shares outstanding

54M 100M
Sep 26, 2024

S-3/A filing: The filing is for a shelf registration allowing the company to offer up to $150,000,000 of common stock, preferred stock, debt securities, warrants and units.

54M 100M
Aug 13, 2024

10-Q filing | 54.3M shares outstanding

54M 130M
Jul 26, 2024

S-3 filing: CytoSorbents Corporation files an S-3 registration statement to offer up to $150,000,000 of common stock, preferred stock, debt securities, warrants and units from time to time.

54M 130M
Jul 05, 2024

8-K filing: CytoSorbents Corporation entered into a Loan and Security Agreement with Avenue Venture Opportunities Fund, L.P. and Avenue Venture Opportunities Fund II, L.P. for up to $20 million, and issued warrants to purchase 1,645,569 shares of the Company's common stock.

54M 0
May 09, 2024

10-Q filing | 54.3M shares outstanding

54M 0
Mar 15, 2024

10-K filing | 54.3M shares outstanding

54M 0
Dec 13, 2023

8-K filing: CytoSorbents Corporation announced the closing of its registered direct offering of 7,733,090 shares of common stock together with warrants to purchase up to 2,706,561 shares of common stock.

44M 0
Dec 11, 2023

8-K filing: CytoSorbents Corporation entered into a securities purchase agreement for the sale of 7,733,090 shares of common stock and warrants to purchase up to 2,706,561 shares for an aggregate gross purchase price of $10,285,009.70, with the offering expected to close on December 12, 2023. ($10.29M proceeds)

44M 0
Nov 09, 2023

10-Q filing | 44.4M shares outstanding

44M 0
Aug 01, 2023

10-Q filing | 44.0M shares outstanding

44M 0
May 02, 2023

10-Q filing | 43.7M shares outstanding

44M 0
Mar 09, 2023

10-K filing | 43.6M shares outstanding

44M 0
Nov 03, 2022

10-Q filing | 43.6M shares outstanding

44M 0
Aug 02, 2022

10-Q filing | 43.6M shares outstanding

44M 0
May 03, 2022

10-Q filing | 43.5M shares outstanding

43M 0
Mar 10, 2022

10-K filing | 43.4M shares outstanding

43M 0
Nov 04, 2021

10-Q filing | 43.4M shares outstanding

43M 0
Aug 03, 2021

10-Q filing | 43.3M shares outstanding

43M 0
Jul 20, 2021

S-3/A filing: The company is registering an indeterminate number of securities up to an aggregate offering price of $150,000,000, which may be offered from time to time in unspecified numbers and at indeterminate prices, and as may be issued upon conversion, exercise, redemption, repurchase or exchange of any securities registered hereunder, including any applicable anti-dilution provisions.

43M 0
Jul 14, 2021

S-3 filing: The company is registering an indeterminate number of securities with a proposed aggregate offering price of $150,000,000, which may be offered from time to time in unspecified numbers and at indeterminate prices, and as may be issued upon conversion, exercise, redemption, repurchase or exchange of any securities registered hereunder.

43M 0
May 04, 2021

10-Q filing | 43.3M shares outstanding

43M 0
Mar 09, 2021

10-K filing | 43.2M shares outstanding

43M 0
Nov 04, 2020

10-Q filing | 43.2M shares outstanding

43M 0
Aug 04, 2020

10-Q filing | 32.6M shares outstanding

33M 0
Jul 24, 2020

8-K filing: CytoSorbents Corporation completed an underwritten public offering, issuing and selling 6,052,631 shares of common stock for gross proceeds of approximately $57.5 million. ($57.5M proceeds)

36M 0
Jul 22, 2020

8-K filing: CytoSorbents Corporation announced the pricing of its underwritten public offering of 5,263,158 shares of common stock at $9.50 per share, for gross proceeds of approximately $50.0 million. The underwriters have a 30-day option to purchase up to an additional 789,473 shares. ($50.0M proceeds)

36M 0
May 05, 2020

10-Q filing | 36.2M shares outstanding

36M 0
Mar 05, 2020

10-K filing | 35.1M shares outstanding

35M 0
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