GRAFTECH INTERNATIONAL LTD (EAF) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

High Risk

Significant dilution risk

Last updated: May 22, 2026

Risk Assessment Details

Potential Dilution: 66.78% of current shares

Recent Dilution: 1.25% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

26M

Potential Supply

17M

Additional shares possible

Splits

1 Split 1 Reverse

Past 2 years

Summary

EAF currently has 26.1M outstanding shares. with significant dilution risk as 17.4M authorized shares could dilute existing holders by 66.8%. The company has minimally diluted shareholders by 1.25% over the past 2 years. 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 22, 2026	S-3 filing: The company filed an S-3 shelf registration statement for the offering of various securities, including common stock, preferred stock, debt, warrants, and units, for an aggregate initial offering price of $150,000,000.	26M	17M
May 01, 2026	10-Q filing \| 26.1M shares outstanding	26M	0
Oct 24, 2025	10-Q filing \| 25.9M shares outstanding	26M	0
Aug 29, 2025	Stock Split 8-K filing: Stock split 1-for-10 \| Outstanding: 259,183,478 → 25,918,347	26M	0
Jul 25, 2025	10-Q filing \| 259.2M shares outstanding	260M	0
Apr 25, 2025	10-Q filing \| 258.4M shares outstanding	260M	0
Feb 14, 2025	10-K filing \| 257.7M shares outstanding	260M	0
Nov 12, 2024	10-Q filing \| 257.7M shares outstanding	260M	0
Jul 26, 2024	10-Q filing \| 257.8M shares outstanding	260M	0
Apr 26, 2024	10-Q filing \| 257.4M shares outstanding	260M	0
Feb 14, 2024	10-K filing \| 257.0M shares outstanding	260M	0
Nov 03, 2023	10-Q filing \| 257.1M shares outstanding	260M	0
Aug 04, 2023	10-Q filing \| 257.0M shares outstanding	260M	0
Apr 28, 2023	10-Q filing \| 257.0M shares outstanding	260M	0
Feb 14, 2023	10-K filing \| 258.8M shares outstanding	260M	0
Nov 04, 2022	10-Q filing \| 256.8M shares outstanding	260M	0
Aug 05, 2022	10-Q filing \| 258.8M shares outstanding	260M	0
May 06, 2022	10-Q filing \| 262.6M shares outstanding	260M	0
Feb 22, 2022	10-K filing \| 266.3M shares outstanding	270M	0
Nov 05, 2021	10-Q filing \| 267.1M shares outstanding	270M	0
Aug 06, 2021	10-Q filing \| 267.8M shares outstanding	270M	0
Jun 01, 2021	8-K filing: BCP IV GrafTech Holdings LP completed the sale of 20,000,000 shares of GrafTech International Ltd. common stock in an underwritten public offering.	270M	0
May 05, 2021	10-Q filing \| 267.3M shares outstanding	270M	0
Feb 23, 2021	10-K filing \| 267.9M shares outstanding	270M	0
Nov 16, 2020	8-K filing: Brookfield BBP (Canada) L.P., Brookfield BBP Canada Holdings Inc. and BPE IV (Non-Cdn) GP LP completed the sale of 8,250,000 shares of the Company's common stock at a public offering price of $7.05 per share.	270M	0
Nov 03, 2020	10-Q filing \| 267.3M shares outstanding	270M	0
Aug 06, 2020	10-Q filing \| 267.2M shares outstanding	270M	0
May 06, 2020	10-Q filing \| 269.2M shares outstanding	270M	0
Feb 21, 2020	10-K filing \| 289.1M shares outstanding	290M	0

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