Cyclerion Therapeutics, Inc. (CYCN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: November 12, 2025

Risk Assessment Details

Potential Dilution: 135.91% of current shares
Recent Dilution: 74.67% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
3.9M
Potential Supply
5.3M
Additional shares possible
Splits
None
Past 2 years

Summary

CYCN currently has 3.93M outstanding shares. with significant dilution risk as 5.33M authorized shares could dilute existing holders by 135.9%. The company has significantly diluted shareholders by 74.67% 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 | 3.9M shares outstanding

3.9M 5.3M
Aug 05, 2025

10-Q filing | 3.1M shares outstanding

3.1M 6.2M
May 06, 2025

10-Q filing | 3.2M shares outstanding

3.2M 6.1M
May 06, 2025

S-3 filing: The filing is an S-3 registration statement for the offer and sale of up to 499,998 shares of common stock by selling stockholders.

2.5M 6.7M
Mar 04, 2025

10-K filing | 2.5M shares outstanding

2.5M 6.2M
Feb 04, 2025

S-3 filing: This S-3 filing indicates a potential offering of common stock, preferred stock, warrants, and units for an aggregate public offering price not exceeding $25,000,000.

2.1M 6.6M
Nov 14, 2024

10-Q filing | 2.5M shares outstanding

2.5M 1.5M
Aug 07, 2024

10-Q filing | 2.5M shares outstanding

2.5M 1.6M
May 07, 2024

10-Q filing | 2.5M shares outstanding

2.5M 1.6M
Mar 05, 2024

10-K filing | 2.7M shares outstanding

2.7M 1.4M
Nov 13, 2023

10-Q filing | 2.4M shares outstanding

2.4M 1.6M
Jul 28, 2023

10-Q filing | 2.3M shares outstanding

2.3M 1.8M
May 25, 2023
Stock Split

8-K filing: Cyclerion Therapeutics, Inc. issued 225,000 shares of Common Stock and 351,037 shares of Series A Preferred Stock to Peter M. Hecht, Ph.D. at a price of $8.68 per share, consummating the Purchase Agreement. ($5.0M proceeds)

2.2M 1.9M
May 12, 2023

10-Q filing | 43.5M shares outstanding

44M 38M
Mar 22, 2023

10-K filing | 43.5M shares outstanding

43M 38M
Nov 03, 2022

10-Q filing | 43.5M shares outstanding

43M 38M
Aug 09, 2022

10-Q filing | 43.5M shares outstanding

43M 38M
May 04, 2022

10-Q filing | 43.4M shares outstanding

43M 38M
Feb 24, 2022

10-K filing | 43.4M shares outstanding

43M 38M
Nov 09, 2021

10-Q filing | 43.3M shares outstanding

43M 38M
Jul 29, 2021

10-Q filing | 43.3M shares outstanding

43M 38M
Jun 23, 2021

S-3/A filing: This S-3/A filing registers 5,735,988 shares of common stock for sale by selling stockholders.

34M 47M
Jun 16, 2021

S-3 filing: This prospectus relates to the offer and sale from time to time by the selling stockholders identified in the section entitled "Selling Stockholders" of up to an aggregate of 5,735,988 shares of our common stock.

34M 47M
Jun 04, 2021

8-K filing: Cyclerion Therapeutics, Inc. entered into a Common Stock Purchase Agreement with seven investors for the private placement of 5,735,988 shares of its common stock at a purchase price of $3.12 per share, or $3.28 per share with respect to Peter Hecht, Ph.D., Chief Executive Officer of Cyclerion.

34M 41M
Apr 30, 2021

10-Q filing | 34.1M shares outstanding

34M 41M
Feb 25, 2021

10-K filing | 34.1M shares outstanding

34M 41M
Nov 05, 2020

10-Q filing | 34.0M shares outstanding

34M 42M
Aug 07, 2020

S-3 filing: This S-3 filing registers 6,062,500 shares of common stock for sale by selling stockholders.

34M 42M
Aug 03, 2020

10-Q filing | 33.9M shares outstanding

34M 36M
Jul 30, 2020

S-3/A filing: This S-3/A filing registers an indeterminate number of common stock, preferred stock, debt securities, warrants, and/or units with an aggregate initial offering price not to exceed $150,000,000.

27M 42M
Jul 24, 2020

S-3 filing: The filing is an S-3 registration statement for Cyclerion Therapeutics, Inc., covering common stock, preferred stock, debt securities, warrants, and units, with a total proposed amount of $150,000,000. The securities may be offered from time to time.

27M 650K
Mar 12, 2020

10-K filing | 27.8M shares outstanding

28M 0
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