Edesa Biotech, Inc. (EDSA) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 20.41% of current shares
Recent Dilution: 139.34% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
8.5M
Potential Supply
1.7M
Additional shares possible
Splits
None
Past 2 years

Summary

EDSA currently has 8.54M outstanding shares. with moderate dilution risk from 1.74M authorized shares representing 20.4% potential dilution. The company has significantly diluted shareholders by 139.34% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 8.5M shares outstanding

8.5M 1.7M
Dec 12, 2025

10-K filing | 8.3M shares outstanding

8.3M 2M
May 14, 2025

10-Q filing | 7.0M shares outstanding

7M 3.3M
Mar 04, 2025

S-3 filing: This S-3 filing is for a shelf offering of common shares by selling shareholders.

7M 3.3M
Feb 14, 2025

10-Q filing | 6.9M shares outstanding

6.9M 0
Feb 13, 2025

8-K filing: Edesa Biotech, Inc. entered into a Securities Purchase Agreement for a private placement of Preferred Shares and Common Shares, resulting in gross proceeds of approximately $15.0 million. ($15.0M proceeds)

3.2M 0
Dec 13, 2024

10-K filing | 3.2M shares outstanding

3.2M 0
Aug 09, 2024

10-Q filing | 3.2M shares outstanding

3.2M 0
May 10, 2024

10-Q filing | 3.2M shares outstanding

3.2M 0
Feb 09, 2024

10-Q filing | 3.2M shares outstanding

3.2M 0
Dec 15, 2023

10-K filing | 2.4M shares outstanding

2.4M 92K
Oct 11, 2023
Stock Split

8-K filing: Stock split 1-for-7 | Outstanding: 20,866,772 → 3,072,482

3.1M 0
Aug 09, 2023

10-Q filing | 20.9M shares outstanding

21M 0
May 11, 2023

10-Q filing | 20.1M shares outstanding

20M 0
Feb 10, 2023

10-Q filing | 19.4M shares outstanding

19M 0
Dec 16, 2022

S-3 filing: The filing is an S-3 form regarding the offering of up to 5,382,667 common shares by selling shareholders, including shares issuable upon the exercise of Class A and Class B Warrants. The company will not receive any proceeds from the sale of shares by the selling shareholders but will receive proceeds from any cash exercise of the Warrants.

15M 1.8M
Dec 16, 2022

10-K filing | 16.7M shares outstanding

17M 640K
Nov 03, 2022

8-K filing: Edesa Biotech, Inc. closed an offering of 2,691,337 common shares along with warrants for gross proceeds of approximately $3.0 million on November 2, 2022. ($3.0M proceeds)

15M 0
Aug 12, 2022

10-Q filing | 15.5M shares outstanding

15M 0
Aug 05, 2022

S-3 filing: Edesa Biotech, Inc. is filing an S-3 to offer up to $150,000,000 in various securities including common shares, preferred shares, debt securities, warrants, subscription rights and units.

15M 0
May 13, 2022

10-Q filing | 15.5M shares outstanding

15M 0
Apr 11, 2022

S-1 filing: S-1 filing for resale of common shares issuable upon exercise of warrants.

14M 0
Mar 23, 2022

8-K filing: Edesa Biotech, Inc. entered into a purchase agreement to sell and issue 1,540,000 common shares and pre-funded warrants to purchase up to 1,199,727 common shares at $3.65 and $3.6499 respectively, along with warrants to purchase up to 2,739,727 common shares in a concurrent private placement, for gross proceeds of approximately $10.0 million, with the offering expected to close on or about March 24, 2022.

14M 0
Mar 04, 2022

8-K filing: Edesa Biotech, Inc. and RBC Capital Markets, LLC amended the Equity Distribution Agreement, with the Company having sold 487,228 common shares for $2,500,069 prior to March 4, 2022, and may offer and sell additional Common Shares up to $15.4 million. ($2.5M proceeds)

14M 0
Feb 14, 2022

10-Q filing | 13.5M shares outstanding

14M 0
Dec 28, 2021

10-K filing | 13.3M shares outstanding

13M 0
Aug 13, 2021

10-Q filing | 13.3M shares outstanding

13M 0
May 14, 2021

10-Q filing | 13.2M shares outstanding

13M 0
Feb 26, 2021

8-K filing: Edesa Biotech, Inc. entered into an underwriting agreement with H.C. Wainwright & Co., LLC to sell 1,562,500 common shares at $6.40 per share in a firm commitment public offering, with an option for Wainwright to purchase an additional 234,375 shares. ($10.0M proceeds)

11M 870K
Feb 16, 2021

10-Q filing | 11.0M shares outstanding

11M 870K
Dec 07, 2020

10-K filing | 10.5M shares outstanding

11M 1.4M
Aug 12, 2020

10-Q filing | 8.9M shares outstanding

8.9M 3.1M
May 15, 2020

10-Q filing | 8.9M shares outstanding

8.9M 3.1M
Feb 25, 2020

S-1 filing: The company is issuing and selling 1,354,961 Common Shares in a registered direct offering and warrants to purchase Common Shares in a concurrent private placement.

8.9M 3.1M
Feb 13, 2020

10-Q filing | 8.9M shares outstanding

8.9M 0
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