Dianthus Therapeutics, Inc. /DE/ (DNTH) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 05, 2026

Risk Assessment Details

Potential Dilution: 271.04% of current shares
Recent Dilution: 74.18% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
55M
Potential Supply
150M
Additional shares possible
Splits
None
Past 2 years

Summary

DNTH currently has 54.7M outstanding shares. with significant dilution risk as 148M authorized shares could dilute existing holders by 271.0%. The company has significantly diluted shareholders by 74.18% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 05, 2026

10-Q filing | 54.7M shares outstanding

55M 150M
Jan 28, 2026

S-3 filing: The company is offering up to $600,000,000 of common stock, preferred stock, debt securities, warrants and/or units.

43M 160M
Nov 05, 2025

10-Q filing | 42.9M shares outstanding

43M 150M
Aug 07, 2025

10-Q filing | 32.2M shares outstanding

32M 160M
May 12, 2025

10-Q filing | 32.2M shares outstanding

32M 160M
Mar 11, 2025

10-K filing | 33.3M shares outstanding

33M 160M
Nov 07, 2024

10-Q filing | 29.6M shares outstanding

30M 160M
Oct 21, 2024

RW filing: Request to withdraw registration statement on Form S-1 for resale of common stock by selling stockholders, as the shares are being registered in a new registration statement on Form S-3.

29M 160M
Oct 01, 2024

S-3 filing: The filing is an S-3 form registering common stock, preferred stock, and debt securities for potential issuance up to $500,000,000, with a focus on an at-the-market offering of common stock through TD Cowen for up to $200,000,000 to fund preclinical and clinical development activities, working capital, and general corporate purposes.

29M 180M
Oct 01, 2024

S-3 filing: This is an S-3 filing for a resale of common stock by selling stockholders.

29M 180M
Aug 08, 2024

10-Q filing | 29.4M shares outstanding

29M 81M
May 09, 2024

10-Q filing | 29.3M shares outstanding

29M 81M
Mar 21, 2024

S-1/A filing: This S-1/A filing from Dianthus Biosciences details the offering of up to 16,450,336 shares of common stock and 4,876,652 shares of common stock issuable upon the exercise of Pre-Funded Warrants by selling stockholders.

29M 81M
Mar 21, 2024

10-K filing | 29.3M shares outstanding

29M 81M
Feb 07, 2024

S-1/A filing: This S-1/A filing registers 21,326,988 shares of common stock for resale by selling stockholders.

29M 81M
Dec 21, 2023

S-1/A filing: This S-1/A filing from 2023-12-21 details an offering of up to 5,253,681 shares of common stock and 210,320 shares of common stock issuable upon the exercise of Pre-Funded Warrants by selling stockholders. The company will not receive any proceeds from the sale, except for a nominal amount upon exercise of the Pre-Funded Warrants.

15M 80M
Nov 09, 2023

10-Q filing | 14.8M shares outstanding

15M 80M
Oct 04, 2023

S-3 filing: This is an S-3 filing for the resale of 5,464,001 shares of common stock by selling stockholders.

61M 34M
Aug 03, 2023

10-Q filing | 60.7M shares outstanding

61M 28M
May 15, 2023

10-Q filing | 60.6M shares outstanding

61M 28M
Mar 23, 2023

10-K filing | 59.4M shares outstanding

59M 30M
Nov 03, 2022

10-Q filing | 59.3M shares outstanding

59M 30M
Aug 04, 2022

10-Q filing | 58.8M shares outstanding

59M 30M
Aug 04, 2022

S-3 filing: The company may issue up to $250,000,000 in aggregate principal amount of common stock, preferred stock, debt securities, warrants and/or units. They are also offering common stock through an at the market offering.

59M 30M
May 16, 2022

10-Q filing | 58.8M shares outstanding

59M 0
Mar 08, 2022

10-K filing | 54.9M shares outstanding

55M 3.3M
Nov 04, 2021

10-Q filing | 58.8M shares outstanding

59M 0
Aug 05, 2021

10-Q filing | 58.6M shares outstanding

59M 0
Jun 25, 2021

S-3 filing: The filing relates to the offer and resale of up to 9,599,998 shares of common stock by selling stockholders, who received the shares in a private placement. The company will not receive any proceeds from the sale.

49M 9.6M
May 06, 2021

10-Q filing | 48.6M shares outstanding

49M 0
Mar 03, 2021

10-K filing | 48.6M shares outstanding

49M 0
Nov 05, 2020

10-Q filing | 48.3M shares outstanding

48M 0
Aug 06, 2020

10-Q filing | 48.3M shares outstanding

48M 0
May 07, 2020

10-Q filing | 39.5M shares outstanding

39M 0
Mar 03, 2020

10-K filing | 39.3M shares outstanding

39M 0
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