enGene Holdings Inc. (ENGN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: March 09, 2026

Risk Assessment Details

Potential Dilution: 167.15% of current shares
Recent Dilution: 62.58% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
67M
Potential Supply
110M
Additional shares possible
Splits
None
Past 2 years

Summary

ENGN currently has 67.3M outstanding shares. with significant dilution risk as 112M authorized shares could dilute existing holders by 167.1%. The company has significantly diluted shareholders by 62.58% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 09, 2026

10-Q filing | 67.3M shares outstanding

67M 110M
Jan 21, 2026

8-K filing: enGene Holdings Inc. issued warrants to lenders to purchase common shares in connection with a loan agreement amendment.

67M 110M
Dec 22, 2025

10-K filing | 67.0M shares outstanding

67M 110M
Sep 11, 2025

10-Q filing | 51.1M shares outstanding

51M 110M
Jun 12, 2025

10-Q filing | 51.0M shares outstanding

51M 110M
Mar 10, 2025

10-Q filing | 51.0M shares outstanding

51M 110M
Dec 19, 2024

10-K filing | 51.0M shares outstanding

51M 110M
Nov 13, 2024

S-3 filing: enGene Holdings Inc. is filing a shelf registration statement to offer and sell common shares, preferred shares, debt securities, subscription receipts, warrants to purchase common shares and units or any combination thereof up to an aggregate initial offering price of up to US$300,000,000.

44M 110M
Nov 13, 2024

S-3 filing: This prospectus relates to the offer and sale from time to time by the selling securityholders of up to 46,977,183 common shares, 6,289,198 warrants, and up to 8,511,968 common shares issuable upon exercise of the warrants.

51M 110M
Sep 10, 2024

10-Q filing | 44.2M shares outstanding

44M 57M
Jun 14, 2024

10-Q filing | 44.2M shares outstanding

44M 57M
Mar 11, 2024

10-Q filing | 43.6M shares outstanding

44M 57M
Feb 27, 2024

S-1/A filing: This S-1/A filing from enGene Holdings Inc. relates to the offer and sale from time to time by the Selling Holders of up to 47,144,548 Common Shares and up to 6,386,589 Warrants. It also relates to up to 9,794,498 Common Shares issuable upon exercise of the Warrants.

43M 57M
Jan 29, 2024

10-K filing | 23.2M shares outstanding

23M 44M
Dec 15, 2023

S-1/A filing: This is an S-1/A filing for enGene Holdings Inc. related to the offer and sale from time to time by the Selling Holders of up to: (i) 6,462,016 of our Common Shares and 2,783,949 Warrants issued for the consideration described in the succeeding paragraph below in connection with the PIPE Financing and a Non-Redemption Agreement to the PIPE/NRA Investors including FEAC Sponsor or an affiliate thereof; (ii) 14,295,943 Common Shares and 3,602,640 Warrants held by certain Selling Holders party to the Registration Rights Agreement, including FEAC Sponsor or an affiliate thereof, and (iii) 6,386,589 Common Shares that may be obtained by the Selling Holders upon the exercise of the Warrants at an exercise price of $11.50 described in (i)  and (ii) above.

23M 44M
Nov 22, 2023

S-1 filing: This is an S-1 filing for enGene Holdings Inc. offering common shares and warrants by selling holders, as well as common shares issuable upon exercise of warrants by the company.

23M 44M
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