Citius Pharmaceuticals, Inc. (CTXR) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 15, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 161.66% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
27M
Potential Supply
0
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

CTXR currently has 27.5M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 161.66% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 15, 2026

10-Q filing | 27.5M shares outstanding

27M 0
Apr 24, 2026

8-K filing: Citius Pharmaceuticals, Inc. entered into a securities purchase agreement for the issuance and sale of common stock and warrants in a registered direct offering and concurrent private placement, resulting in gross proceeds of approximately $5.0 million.

21M 0
Dec 23, 2025

10-K filing | 20.8M shares outstanding

21M 0
Oct 21, 2025

8-K filing: Citius Pharmaceuticals, Inc. issued 1,460,000 shares of common stock and pre-funded warrants to purchase up to 2,513,510 shares in a registered direct offering that closed on October 21, 2025. ($6.0M proceeds)

17M 0
Aug 12, 2025

10-Q filing | 17.0M shares outstanding

17M 0
Jun 12, 2025

8-K filing: Citius Pharmaceuticals, Inc. entered into a securities purchase agreement for the issuance and sale of 540,000 shares of common stock and pre-funded warrants to purchase up to 4,380,000 shares of common stock at an offering price of $1.22 and $1.2199, respectively, along with warrants to purchase up to 9,840,000 shares of common stock, in a registered direct offering that closed on June 11, 2025. ($0.0M proceeds)

10M 0
May 14, 2025

10-Q filing | 10.3M shares outstanding

10M 0
Apr 02, 2025

8-K filing: Citius Pharmaceuticals, Inc. entered into a securities purchase agreement for the issuance and sale of 465,000 shares of common stock and pre-funded warrants to purchase up to 1,274,131 shares at $1.15 and $1.1499, respectively, which closed on April 2, 2025.

8.6M 0
Feb 14, 2025

10-Q filing | 8.6M shares outstanding

8.6M 0
Jan 08, 2025

8-K filing: Citius Pharmaceuticals, Inc. entered into a securities purchase agreement for the issuance and sale of 743,496 shares of common stock and warrants at a combined offering price of $4.035, which closed on January 8, 2025. ($3.0M proceeds)

7.7M 0
Dec 27, 2024

10-K filing | 7.7M shares outstanding

7.7M 0
Nov 25, 2024
Stock Split

8-K filing: Stock split 1-for-25 | Outstanding: 173,856,960 → 6,954,278

7M 0
Nov 18, 2024

8-K filing: Citius Pharmaceuticals, Inc. completed a registered direct offering of 12,000,000 shares of common stock and warrants at a combined price of $0.25, resulting in net proceeds of approximately $2.7 million. ($3.0M proceeds)

170M 0
Sep 27, 2024

8-K filing: The Board of Directors of Citius Pharmaceuticals, Inc. approved an extension by one year to September 27, 2025, for warrants to purchase an aggregate of 2,793,297 shares of common stock with an exercise price of $0.77 per share and 194,358 warrants with an exercise price of $1.11875 per share issued in connection with the 2019 Offering were extended by one year to September 27, 2025.

170M 0
Aug 16, 2024

8-K filing: Citius Pharma and Citius Oncology entered into an amended and restated shared services agreement, an amended and restated registration rights agreement, and a letter agreement waiving certain closing conditions of the Merger Agreement, and Citius Pharma issued a press release announcing the closing of the Merger.

170M 0
Aug 12, 2024

10-Q filing | 173.9M shares outstanding

170M 0
May 14, 2024

10-Q filing | 180.7M shares outstanding

180M 0
Apr 30, 2024

8-K filing: Citius Pharmaceuticals, Inc. closed a registered direct offering on April 30, 2024, issuing 21,428,574 shares of common stock and warrants at a combined price of $0.70 per share, resulting in net proceeds of approximately $13.8 million. ($15.0M proceeds)

160M 0
Apr 05, 2024

8-K filing: Citius Pharmaceuticals, Inc. approved an extension by one year to April 5, 2025 for warrants to purchase an aggregate of 1,294,498 shares of common stock, $0.001 par value per share, with an exercise price of $1.42 per share of common stock and 240,130 warrants with an exercise price of $1.9313 per share, which if fully exercised, the Company would receive approximately $2.3 million in cash proceeds.

160M 0
Feb 23, 2024

S-3 filing: Citius Pharmaceuticals filed an S-3 registration statement on 2024-02-23, indicating a shelf offering of up to $250,000,000 of common stock, preferred stock, debt securities, warrants, rights, and units.

160M 0
Feb 14, 2024

10-Q filing | 159.0M shares outstanding

160M 0
Dec 29, 2023

10-K filing | 151.3M shares outstanding

150M 0
Aug 14, 2023

10-Q filing | 153.8M shares outstanding

150M 0
May 12, 2023

10-Q filing | 146.3M shares outstanding

150M 0
May 08, 2023

8-K filing: Citius Pharmaceuticals, Inc. entered into a securities purchase agreement for the issuance and sale of 12,500,001 shares of common stock and warrants at a combined offering price of $1.20, closing on May 8, 2023, with gross proceeds of approximately $15 million. ($15.0M proceeds)

150M 0
Feb 10, 2023

10-Q filing | 146.2M shares outstanding

150M 0
Dec 22, 2022

10-K filing | 146.1M shares outstanding

150M 0
Aug 11, 2022

10-Q filing | 146.1M shares outstanding

150M 0
May 12, 2022

10-Q filing | 146.0M shares outstanding

150M 0
Feb 10, 2022

10-Q filing | 146.0M shares outstanding

150M 0
Dec 15, 2021

10-K filing | 146.0M shares outstanding

150M 0
Aug 12, 2021

10-Q filing | 146.0M shares outstanding

150M 0
Jul 02, 2021

POS AM filing: This prospectus relates to the issuance of up to 1,622,989 shares of common stock issuable upon the exercise of outstanding warrants, at an exercise price of $4.125 per share, and the issuance of 65,940 shares of common stock underlying the underwriter warrants issued by us on August 8, 2017, at an exercise price of $4.5375 per share, all of which expire on August 2, 2022.

130M 0
May 13, 2021

10-Q filing | 135.5M shares outstanding

140M 0
May 13, 2021

S-3 filing: Citrine is filing an S-3 to register 25,044,164 shares of common stock offered by selling stockholders, issuable upon the exercise of warrants.

130M 0
Apr 02, 2021

S-3 filing: The filing is for a shelf registration to offer and sell up to $250,000,000 of common stock, preferred stock, debt securities, warrants, and rights, and also relates to the resale of 3,558,140 shares of common stock issuable upon exercise of warrants.

130M 0
Feb 19, 2021

8-K filing: The company entered into a securities purchase agreement to sell 50,830,566 shares of common stock and warrants to purchase up to 25,415,283 shares at $1.505 per share and warrant, resulting in gross proceeds of approximately $76.5 million, which closed on February 19, 2021. ($153.0M proceeds)

75M 0
Feb 11, 2021

10-Q filing | 75.0M shares outstanding

75M 0
Jan 29, 2021

S-3 filing: This S-3 filing registers 24,265,857 shares of common stock for resale by selling stockholders, including shares issued and those issuable upon exercise of warrants. The company will not receive proceeds from the sale of these shares.

71M 0
Jan 27, 2021

8-K filing: On January 24, 2021, the company entered into a securities purchase agreement for the sale of 15,455,960 shares of common stock and warrants to purchase 7,727,980 shares, closing the sale on January 27, 2021, with gross proceeds of approximately $20.0 million. ($20.0M proceeds)

56M 0
Dec 16, 2020

10-K filing | 55.6M shares outstanding

56M 0
Aug 14, 2020

10-Q filing | 46.3M shares outstanding

46M 0
Aug 10, 2020

8-K filing: Citius Pharmaceuticals closed a firm commitment offering of 7,964,804 shares of common stock at $1.05 per share and an additional 1,194,720 shares upon full exercise of the underwriter's option, along with the issuance of warrants to purchase 641,166 shares of common stock to the underwriter. ($9.62M proceeds)

45M 0
Jun 05, 2020

S-1 filing: This prospectus relates to the sale or other disposition from time to time of up to 4,023,530 shares of our common stock, $0.001 par value per share, issuable upon the exercise of warrants held by the selling stockholders named in this prospectus, including their transferees, pledgees, donees or successors.

45M 0
May 18, 2020

8-K filing: On May 14, 2020, the company entered into a securities purchase agreement for the sale of 7,058,824 shares of common stock at $1.0625 per share and unregistered warrants to purchase up to 3,529,412 shares, closing the sales on May 18, 2020 with gross proceeds of approximately $7.5 million. ($15.0M proceeds)

38M 0
May 14, 2020

10-Q filing | 38.1M shares outstanding

38M 0
Apr 10, 2020

S-1 filing: Citrx offering of up to 6,739,580 shares of common stock issuable upon exercise of warrants.

38M 0
Feb 19, 2020

8-K filing: Citius Pharmaceuticals, Inc. closed a warrant exercise agreement offering on February 19, 2020, issuing 4,425,098 shares of common stock and receiving gross proceeds of approximately $5.5 million. ($5.5M proceeds)

30M 0
Feb 14, 2020

8-K filing: Citius Pharmaceuticals entered into a warrant exercise agreement with existing accredited investors to exercise warrants for 3,712,218 shares at $0.77 and 2,586,455 shares at $1.02, with gross proceeds expected to be approximately $5.5 million. ($11.0M proceeds)

30M 0
Feb 13, 2020

10-Q filing | 30.2M shares outstanding

30M 0
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