electroCore, Inc. (ECOR) - 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: 502.2% of current shares
Recent Dilution: 35.65% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
8.3M
Potential Supply
42M
Additional shares possible
Splits
None
Past 2 years

Summary

ECOR currently has 8.3M outstanding shares. with significant dilution risk as 41.7M authorized shares could dilute existing holders by 502.2%. The company has significantly diluted shareholders by 35.65% 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 | 8.3M shares outstanding

8.3M 42M
Mar 19, 2026

10-K filing | 8.1M shares outstanding

8.1M 42M
Nov 05, 2025

10-Q filing | 8.0M shares outstanding

8M 42M
Oct 03, 2025

8-K filing: electroCore, Inc. completed a private placement on October 2, 2025, issuing 360,737 shares of common stock at $5.145 per share to satisfy outstanding legal fees.

7.6M 42M
Aug 06, 2025

10-Q filing | 7.6M shares outstanding

7.6M 42M
Jul 18, 2025

S-3/A filing: electroCore, Inc. files an S-3/A form to offer and sell shares of its common stock having an aggregate offering price of up to $20,000,000 from time to time through H.C. Wainwright & Co., LLC, acting as sales agent, in an at the market offering.

7.4M 43M
May 07, 2025

10-Q filing | 7.4M shares outstanding

7.4M 40M
Mar 12, 2025

10-K filing | 7.5M shares outstanding

7.5M 40M
Jan 31, 2025

S-3/A filing: This is an S-3/A filing related to a primary offering of securities by the registrant, outlining conditions under which the registrant will be considered a seller and addressing prospectus supplements and information omitted from the prospectus.

6.5M 41M
Jan 24, 2025

S-3 filing: This is an S-3 filing for electroCore, Inc. regarding an at-the-market offering of common stock with an aggregate offering price of not more than $20,000,000 through H.C. Wainwright & Co., LLC, to be used for sales and marketing, working capital and general corporate purposes.

6.5M 41M
Nov 13, 2024

10-Q filing | 6.6M shares outstanding

6.6M 41M
Aug 07, 2024

10-Q filing | 7.0M shares outstanding

7M 40M
Jul 18, 2024

S-1/A filing: This prospectus relates to the resale of up to 1,924,960 shares of electroCore, Inc.'s common stock by selling securityholders, including shares issuable upon exercise of pre-funded warrants and warrants.

6.4M 41M
Jul 10, 2024

S-1 filing: This S-1 filing registers the resale of 1,924,960 shares of common stock by selling securityholders, including shares issuable upon exercise of warrants and pre-funded warrants.

6.4M 41M
Jun 03, 2024

8-K filing: electroCore, Inc. entered into a securities purchase agreement for a registered direct offering of pre-funded warrants and a concurrent private placement, along with separate private agreements for the sale of common stock, pre-funded warrants, and warrants, with expected gross proceeds of approximately $9.3 million.

6M 38M
May 08, 2024

10-Q filing | 6.0M shares outstanding

6M 38M
Mar 13, 2024

10-K filing | 6.0M shares outstanding

6M 38M
Nov 08, 2023

10-Q filing | 5.9M shares outstanding

5.9M 38M
Aug 24, 2023

S-1 filing: This S-1 filing is for the resale of common stock by selling securityholders and also covers recent offerings of common stock and warrants.

6M 38M
Aug 09, 2023

10-Q filing | 6.0M shares outstanding

6M 34M
Jul 31, 2023

8-K filing: electroCore, Inc. entered into a securities purchase agreement with institutional and accredited investors for the sale of 1,062,600 registered shares of common stock and pre-funded warrants to purchase up to 613,314 shares of common stock in a registered direct offering, and entered into private agreements with officers and directors for the sale of 169,968 shares of common stock and warrants to purchase up to 84,982 shares of common stock in concurrent private placements, with aggregate gross proceeds of approximately $8.145 million.

4.7M 35M
May 03, 2023

10-Q filing | 4.7M shares outstanding

4.7M 35M
Mar 08, 2023

10-K filing | 4.7M shares outstanding

4.7M 35M
Nov 03, 2022

10-Q filing | 71.1M shares outstanding

71M 0
Aug 04, 2022

10-Q filing | 71.1M shares outstanding

71M 0
May 05, 2022

10-Q filing | 70.8M shares outstanding

71M 0
Mar 10, 2022

10-K filing | 70.7M shares outstanding

71M 0
Jan 18, 2022

S-3 filing: This is an S-3 filing for electroCore, Inc. for the potential offering of up to $75,000,000 in various securities, including debt, preferred stock, common stock, warrants, rights, and units.

66M 0
Nov 04, 2021

10-Q filing | 45.6M shares outstanding

46M 0
Aug 05, 2021

10-Q filing | 45.6M shares outstanding

46M 0
Jul 02, 2021

8-K filing: electroCore, Inc. closed a public offering of 18,000,000 shares of common stock at $1.00 per share, with the underwriters exercising their option to purchase an additional 2,700,000 shares, resulting in net proceeds of approximately $18.8 million. ($0.0M proceeds)

46M 0
May 06, 2021

10-Q filing | 45.6M shares outstanding

46M 0
Mar 11, 2021

10-K filing | 29.8M shares outstanding

30M 10M
Nov 12, 2020

10-Q filing | 29.8M shares outstanding

30M 10M
Aug 13, 2020

10-Q filing | 44.5M shares outstanding

45M 0
May 27, 2020

S-3 filing: This S-3 filing relates to the resale by selling stockholders of up to 4,128,372 shares of common stock.

38M 1.9M
May 15, 2020

10-Q filing | 35.9M shares outstanding

36M 0
Mar 30, 2020

10-K filing | 30.0M shares outstanding

30M 0
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