DiaMedica Therapeutics Inc. (DMAC) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 06, 2026

Risk Assessment Details

Potential Dilution: 171.25% of current shares
Recent Dilution: 63.1% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
54M
Potential Supply
92M
Additional shares possible
Splits
None
Past 2 years

Summary

DMAC currently has 53.8M outstanding shares. with significant dilution risk as 92.1M authorized shares could dilute existing holders by 171.2%. The company has significantly diluted shareholders by 63.1% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 06, 2026

10-Q filing | 53.8M shares outstanding

54M 92M
Mar 30, 2026

10-K filing | 53.9M shares outstanding

54M 92M
Jan 05, 2026

8-K filing: DiaMedica Therapeutics Inc. sold 1,501,000 common shares to a healthcare institution fund at $8.10 per share, receiving $12.2 million in gross proceeds on December 19, 2025. ($12.2M proceeds)

50M 92M
Nov 12, 2025

10-Q filing | 49.6M shares outstanding

50M 92M
Aug 12, 2025

S-3 filing: This S-3 filing describes a potential offering of common shares, warrants to purchase common shares and units with an aggregate offering price not exceeding $100,000,000. The offering may be conducted through underwriters, dealers, agents, or directly to purchasers.

43M 92M
Aug 12, 2025

10-Q filing | 51.7M shares outstanding

52M 70M
May 13, 2025

10-Q filing | 42.8M shares outstanding

43M 70M
Mar 17, 2025

10-K filing | 40.4M shares outstanding

40M 70M
Nov 13, 2024

10-Q filing | 42.8M shares outstanding

43M 70M
Aug 07, 2024

10-Q filing | 42.7M shares outstanding

43M 70M
Jul 10, 2024

S-3 filing: This S-3 filing registers for resale 4,720,000 common shares previously issued in a private placement.

43M 70M
Jun 26, 2024

8-K filing: DiaMedica Therapeutics Inc. entered into securities purchase agreements to issue 4,720,000 common shares at $2.50 per share in a private placement expected to close on or about June 28, 2024, with gross proceeds of $11.8 million. ($11.8M proceeds)

38M 66M
May 08, 2024

10-Q filing | 38.0M shares outstanding

38M 66M
Mar 21, 2024

S-3 filing: The company is filing an S-3 to offer a combination of common shares, warrants, and units up to an aggregate initial offering price of $100,000,000.

38M 66M
Mar 19, 2024

10-K filing | 38.0M shares outstanding

38M 30M
Nov 13, 2023

10-Q filing | 37.9M shares outstanding

38M 30M
Aug 14, 2023

10-Q filing | 37.9M shares outstanding

38M 30M
Jun 30, 2023

S-3 filing: This S-3 filing registers the resale of common shares previously sold in a private placement on June 23, 2023.

38M 30M
Jun 21, 2023

8-K filing: DiaMedica Therapeutics Inc. entered into securities purchase agreements to issue 11,011,406 common shares in a private placement at $3.40 per share for most purchasers and $3.91 per share for officers and directors, expecting gross proceeds of $37.5 million. ($37.5M proceeds)

26M 19M
May 15, 2023

10-Q filing | 26.4M shares outstanding

26M 19M
Mar 28, 2023

10-K filing | 26.4M shares outstanding

26M 19M
Nov 09, 2022

10-Q filing | 26.4M shares outstanding

26M 19M
Aug 11, 2022

10-Q filing | 26.4M shares outstanding

26M 19M
May 04, 2022

10-Q filing | 26.4M shares outstanding

26M 19M
Mar 14, 2022

10-K filing | 26.4M shares outstanding

26M 19M
Nov 10, 2021

10-Q filing | 26.4M shares outstanding

26M 19M
Oct 05, 2021

S-3 filing: This S-3 filing registers the resale of common shares previously sold in a private placement.

26M 19M
Aug 11, 2021

10-Q filing | 18.8M shares outstanding

19M 11M
May 05, 2021

10-Q filing | 18.8M shares outstanding

19M 11M
Mar 10, 2021

S-3 filing: The company may offer to sell any combination of common shares, warrants to purchase common shares, and units comprised of one or more of the other securities described in this prospectus, with an aggregate initial offering price not exceeding $100,000,000.

19M 11M
Mar 10, 2021

10-K filing | 18.8M shares outstanding

19M 11M
Nov 04, 2020

10-Q filing | 18.7M shares outstanding

19M 0
Aug 11, 2020

10-Q filing | 18.7M shares outstanding

19M 0
Aug 07, 2020

8-K filing: DiaMedica Therapeutics Inc. completed a public offering of 4,000,000 firm shares and an additional 600,000 option shares at $4.70 per share to the underwriters, with a public price of $5.00 per share, resulting in net proceeds of approximately $21.1 million. ($21.1M proceeds)

14M 0
May 13, 2020

10-Q filing | 14.1M shares outstanding

14M 0
Mar 23, 2020

10-K filing | 14.1M shares outstanding

14M 0
Feb 13, 2020

8-K filing: DiaMedica Therapeutics Inc. closed a public offering of 2,125,000 shares of its voting common shares at a price of $3.72 per share to the underwriter and $4.00 per share to the public, with net proceeds expected to be approximately $7.7 million. ($7.91M proceeds)

N/A 0
Jan 02, 2020

S-3 filing: The filing is an S-3 registration statement indicating the company may offer common shares and other securities through underwriters, dealers, or agents, and describes potential stabilization activities and derivative transactions related to the offering.

N/A 0
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