Dogwood Therapeutics, Inc. (DWTX) - 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: 278.28% of current shares
Recent Dilution: 1367.04% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
34M
Potential Supply
93M
Additional shares possible
Splits
None
Past 2 years

Summary

DWTX currently has 33.5M outstanding shares. with significant dilution risk as 93.3M authorized shares could dilute existing holders by 278.3%. The company has significantly diluted shareholders by 1367.04% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 15, 2026

10-Q filing | 33.5M shares outstanding

34M 93M
Mar 18, 2026

10-K filing | 33.4M shares outstanding

33M 93M
Jan 15, 2026

S-3 filing: This prospectus relates to the resale of up to 6,433,126 shares of Common Stock of Dogwood Therapeutics, Inc. by the selling stockholders identified in this prospectus.

32M 93M
Jan 13, 2026

8-K filing: Dogwood Therapeutics, Inc. executed a registered direct offering and concurrent private placement with a single institutional investor, involving the sale of common stock, pre-funded warrants, and common stock warrants.

2.3M 87M
Nov 07, 2025

10-Q filing | 2.3M shares outstanding

2.3M 87M
Oct 01, 2025

S-3 filing: This prospectus relates to the resale of up to 28,038,689 shares of Common Stock, par value $0.0001, of Dogwood Therapeutics, Inc., that may be sold from time to time by the selling stockholders named in this prospectus.

2.3M 87M
Sep 29, 2025

8-K filing: Dogwood Therapeutics, Inc. issued 191,017 shares of its common stock to Serpin Pharma Inc. and 191,017 shares of its common stock to Rejuvenation Labs, Inc. in connection with an Exclusive Licensing Agreement.

1.9M 59M
May 23, 2025

S-3 filing: The company is filing an S-3 to register an indeterminate number of shares of common stock and preferred stock, an indeterminate principal amount of debt securities, an indeterminate number of warrants, rights to purchase common stock, preferred stock or debt securities, and such indeterminate number of units, as shall have an aggregate initial offering price not to exceed $150,000,000.

1.9M 59M
May 09, 2025

10-Q filing | 1.9M shares outstanding

1.9M 31M
Mar 31, 2025

10-K filing | 1.9M shares outstanding

1.9M 31M
Mar 14, 2025

8-K filing: Dogwood Therapeutics, Inc. sold 578,950 shares of its common stock at a price of $8.26 per share in a registered direct offering, resulting in gross proceeds of approximately $4.8 million, which closed on March 14, 2025. ($4.8M proceeds)

1.3M 31M
Mar 12, 2025

8-K filing: Dogwood Therapeutics entered into a Debt Exchange and Cancellation Agreement with Conjoint Inc., exchanging debt for Series A-1 Preferred Stock convertible into Common Stock; also, the company is considering a reverse stock split to maintain Nasdaq compliance. ($19.93M proceeds)

1.3M 31M
Nov 08, 2024

10-Q filing | 1.3M shares outstanding

1.3M 31M
Oct 07, 2024

8-K filing: Virios Therapeutics, Inc. acquired Pharmagesic in exchange for common stock and Series A Preferred Stock, and implemented a reverse stock split effective October 9, 2024, resulting in 1,332,268 shares of Common Stock issued and outstanding.

1.3M 31M
Aug 09, 2024

10-Q filing | 27.8M shares outstanding

28M 31M
May 20, 2024

8-K filing: Virios Therapeutics, Inc. entered into a placement agency agreement with Maxim Group LLC for a public offering of 8,500,000 shares of common stock at $0.20 per share, with the closing expected on or about May 22, 2024. ($1.7M proceeds)

19M 31M
May 10, 2024

10-Q filing | 19.3M shares outstanding

19M 31M
Mar 01, 2024

10-K filing | 18.8M shares outstanding

19M 31M
Nov 13, 2023

10-Q filing | 19.1M shares outstanding

19M 31M
Aug 11, 2023

10-Q filing | 18.4M shares outstanding

18M 31M
May 12, 2023

10-Q filing | 18.3M shares outstanding

18M 31M
Mar 14, 2023

10-K filing | 8.3M shares outstanding

8.3M 31M
Nov 14, 2022

10-Q filing | 18.3M shares outstanding

18M 31M
Sep 20, 2022

8-K filing: Virios Therapeutics, Inc. entered into an underwriting agreement with ThinkEquity LLC for a public offering of 10,000,000 shares of common stock at $0.50 per share, with an over-allotment option of 1,500,000 shares and warrants to purchase up to 5% of the shares. ($5.0M proceeds)

8.3M 31M
Aug 12, 2022

10-Q filing | 8.3M shares outstanding

8.3M 31M
May 13, 2022

10-Q filing | 8.3M shares outstanding

8.3M 31M
Mar 18, 2022

S-3 filing: The company is filing an S-3 to register an indeterminate number of shares of common stock and preferred stock, an indeterminate depositary shares representing preferred stock, an indeterminate principal amount of debt securities, and an indeterminate number of warrants to purchase common stock, preferred stock and/or debt securities as may be offered by the Registrant from time to time, which together shall have an aggregate initial offering price not to exceed $150,000,000.

8.3M 31M
Mar 18, 2022

10-K filing | 8.3M shares outstanding

8.3M 31M
Nov 12, 2021

10-Q filing | 8.3M shares outstanding

8.3M 3.5M
Aug 13, 2021

10-Q filing | 8.3M shares outstanding

8.3M 3.5M
May 14, 2021

10-Q filing | 8.3M shares outstanding

8.3M 3.5M
Dec 01, 2020

S-1/A filing: This is a firm commitment initial public offering of 3,000,000 shares of our common stock.

4.8M 3.5M
Nov 12, 2020

S-1/A filing: This is a firm commitment initial public offering of 3,000,000 shares of our common stock.

4.8M 3.5M
Oct 23, 2020

S-1/A filing: This is an S-1/A filing providing information on expenses related to the issuance and distribution of securities, indemnification of directors and officers, and recent sales of unregistered securities.

4.8M 3M
Oct 16, 2020

S-1/A filing: This is a firm commitment initial public offering of 3,000,000 shares of our common stock.

4.8M 3M
Oct 02, 2020

S-1/A filing: Virios Therapeutics, Inc. is offering 3,000,000 shares of common stock in a firm commitment initial public offering, with an anticipated initial public offering price between $9.00 and $11.00 per share.

4.8M 3.2M
Sep 25, 2020

S-1/A filing: This is a firm commitment initial public offering of 3,000,000 shares of our common stock. We anticipate that the initial public offering price of our shares will be between $9.00 and $11.00 and for calculation purposes herein, we assume a mid-point of $10.00 per share.

4.8M 3.2M
Sep 16, 2020

S-1/A filing: This is a firm commitment initial public offering of shares of common stock. The company intends to use the net proceeds of this offering to advance the preclinical and clinical development of IMC-1 and for working capital and general corporate purposes.

N/A 0
Aug 28, 2020

S-1 filing: Virios Therapeutics, Inc. is conducting a firm commitment initial public offering of common stock, with the intention to list on the Nasdaq Capital Market under the symbol "VIRI."

N/A 0
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