Ernexa Therapeutics Inc. (ERNA) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 11, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 1781.94% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
1.2M
Potential Supply
0
Additional shares possible
Splits
2 Splits 2 Reverse
Past 2 years

Summary

ERNA currently has 1.17M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 1781.94% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 2 stock splits (positive for accessibility) and 2 reverse splits (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 11, 2026

10-Q filing | 1.2M shares outstanding

1.2M 0
May 04, 2026
Stock Split

8-K filing: Stock split 1-for-25 | Outstanding: 8,226,000 → 329,040

330K 85K
Nov 07, 2025

10-Q filing | 8.2M shares outstanding

8.2M 2.1M
Aug 13, 2025

10-Q filing | 7.7M shares outstanding

7.7M 2.7M
Jun 12, 2025
Stock Split

8-K filing: Stock split 1-for-15 | Outstanding: 47,717,087 → 3,181,139

3.2M 7.2M
Jun 11, 2025

S-3 filing: Selling stockholders are offering 57,049,087 shares of common stock on a resale basis.

48M 110M
Jun 09, 2025

8-K filing: Ernexa Therapeutics Inc. completed the second closing of a private placement, issuing 47,717,087 shares of common stock and 9,332,000 pre-funded warrants for approximately $6.0 million in gross proceeds on June 9, 2025. ($12.0M proceeds)

62M 36M
May 07, 2025

10-Q filing | 62.4M shares outstanding

62M 36M
Apr 16, 2025

S-3 filing: Ernexa Therapeutics Inc. is offering 10,443,752 shares of common stock on a resale basis by selling stockholders.

9.9M 88M
Apr 03, 2025

8-K filing: Ernexa Therapeutics Inc. entered into a securities purchase agreement to issue and sell 58,262,918 shares of common stock and pre-funded warrants to purchase up to 11,048,736 shares of common stock in a private placement, with the initial closing on April 2, 2025, involving 9,934,016 shares of common stock and 509,736 pre-funded warrants.

52M 36M
Mar 12, 2025

10-K filing | 52.2M shares outstanding

52M 36M
Nov 12, 2024

10-Q filing | 51.4M shares outstanding

51M 36M
Nov 05, 2024

S-1 filing: This S-1 filing relates to the offering and resale from time to time by the selling stockholders of up to 49,870,566 shares of common stock.

5.4M 82M
Sep 25, 2024

8-K filing: Eterna Therapeutics Inc. entered into a securities purchase agreement for a private placement of common stock, exchange agreements for warrants and convertible notes, and a note purchase agreement for senior convertible notes. ($0.0M proceeds)

5.4M 33M
Aug 13, 2024

10-Q filing | 5.4M shares outstanding

5.4M 33M
May 14, 2024

10-Q filing | 5.4M shares outstanding

5.4M 33M
Mar 14, 2024

10-K filing | 5.3M shares outstanding

5.3M 33M
Jan 12, 2024

S-3 filing: This is an S-3 filing for the resale of common stock by selling stockholders, offering up to 18,233,359 shares. The company will not receive any proceeds from the sale of these shares, but may receive proceeds from the exercise of warrants.

5.4M 33M
Dec 20, 2023

8-K filing: Eterna Therapeutics Inc. entered into a securities purchase agreement on December 14, 2023, to sell convertible notes and warrants to accredited investors in a private placement, with an initial closing on December 15, 2023, and a remainder expected by January 15, 2024. ($7.8M proceeds)

5.4M 14M
Nov 13, 2023

10-Q filing | 5.4M shares outstanding

5.4M 14M
Aug 14, 2023

S-3 filing: This S-3 filing relates to the resale of common stock by selling stockholders, with up to 16,754,154 shares being offered.

5.3M 14M
Aug 11, 2023

10-Q filing | 5.3M shares outstanding

5.3M 0
Jul 18, 2023

8-K filing: Eterna Therapeutics Inc. entered into a Securities Purchase Agreement for a private placement of $8,715,000 in convertible notes and warrants to purchase 6,094,392 shares of common stock.

5.1M 0
May 11, 2023

10-Q filing | 5.1M shares outstanding

5.1M 0
May 02, 2023

8-K filing: Eterna Therapeutics Inc. issued 69,343 shares of common stock to Exacis Biotherapeutics Inc. as part of an asset purchase agreement.

5.2M 0
Apr 17, 2023

S-1 filing: This S-1 filing relates to the offering of common stock by the selling stockholder, Lincoln Park Capital Fund, LLC, with the company potentially receiving up to $10.0 million in gross proceeds from sales of common stock to the Selling Stockholder.

5.2M 0
Apr 11, 2023

8-K filing: Eterna Therapeutics Inc. entered into a purchase agreement with Lincoln Park Capital Fund, LLC, for the sale of up to $10.0 million of the Company's common stock. The company also issued 73,659 shares of common stock to Lincoln Park as a commitment fee.

5.1M 0
Mar 20, 2023

POS AM filing: This POS AM filing relates to the offering of up to 685,714 shares of common stock by the Selling Stockholder.

2.9M 0
Mar 20, 2023

10-K filing | 5.1M shares outstanding

5.1M 0
Nov 14, 2022

10-Q filing | 2.9M shares outstanding

2.9M 660K
Oct 16, 2022
Stock Split

8-K filing: Stock split 1-for-20 | Outstanding: 58,805,000 → 2,940,250

2.9M 660K
Aug 11, 2022

10-Q filing | 58.8M shares outstanding

59M 13M
Jul 01, 2022

10-Q filing | 57.5M shares outstanding

57M 15M
Apr 29, 2022

S-3 filing: This S-3 filing registers the resale of up to 13,714,284 shares of common stock by selling stockholders.

57M 15M
Apr 15, 2022

10-K filing | 57.5M shares outstanding

57M 910K
Mar 09, 2022

8-K filing: Brooklyn ImmunoTherapeutics, Inc. completed a private placement of 6,857,142 units, each consisting of one share of common stock (or a pre-funded warrant) and one warrant, for an aggregate purchase price of approximately $12.0 million. ($12.0M proceeds)

51M 7.8M
Nov 23, 2021

8-K filing: A registration statement on Form S-1 was filed with the SEC relating to the proposed public offering by certain selling stockholders of up to 6,281,454 shares of common stock received in connection with the acquisition of Novellus, Inc.

51M 7.8M
Nov 23, 2021

S-1/A filing: This is an S-1/A filing that discloses recent sales of unregistered securities, including shares of common stock issued to Lincoln Park Capital Fund, LLC and in connection with an acquisition agreement.

51M 7.8M
Nov 18, 2021

RW filing: This is a request to withdraw the Form S-3 registration statement, and the company intends to file a registration statement on Form S-1 with respect to the shares of common stock previously intended to be registered pursuant to the Form S-3.

51M 3.6M
Nov 18, 2021

S-1 filing: Resale of common stock previously issued to selling stockholders in connection with the acquisition of Novellus, Inc.

51M 3.6M
Nov 12, 2021

10-Q filing | 50.5M shares outstanding

51M 3.6M
Aug 13, 2021

S-3 filing: This S-3 filing registers 6,281,454 shares of common stock for resale by selling stockholders who acquired the shares in connection with the acquisition of Novellus, Inc. The company will not receive any proceeds from the sale of these shares.

42M 13M
Aug 13, 2021

10-Q filing | 51.7M shares outstanding

52M 2.4M
Jul 19, 2021

8-K filing: Brooklyn ImmunoTherapeutics acquired Novellus, Inc. through a merger, issuing 7,022,230 shares of common stock valued at $102,000,000 as part of the $125,000,000 consideration. ($102.0M proceeds)

42M 6.4M
May 27, 2021

S-1 filing: The filing relates to the offer and sale of up to 2,869,881 shares of common stock by Lincoln Park Capital Fund, LLC, including shares issued as consideration and shares that may be purchased under a purchase agreement for up to $40,000,000.

42M 6.4M
May 26, 2021

8-K filing: The company entered into a purchase agreement with Lincoln Park Capital Fund, LLC, under which the company may sell up to $40.0 million of shares of common stock.

42M 590K
May 17, 2021

10-Q filing | 41.5M shares outstanding

42M 590K
Apr 30, 2021

S-1 filing: The filing is for the offer and sale from time to time of up to 1,379,668 shares of common stock by Lincoln Park Capital Fund, LLC, with the company potentially selling shares to the selling stockholder for a total purchase price of up to $20,000,000.

42M 580K
Apr 30, 2021

8-K filing: The company entered into a purchase agreement with Lincoln Park Capital Fund, LLC, under which the company may sell up to $20.0 million of shares of common stock. Upon entering into the Purchase Agreement, the company issued and sold 56,041 shares of common stock to Lincoln Park as consideration for Lincoln Park's commitment.

42M 590K
Mar 26, 2021
Stock Split

8-K filing: Stock split 1-for-2 | Outstanding: 2,976,774 → 41,514,166

42M 0
Mar 11, 2021

10-K filing | 3.0M shares outstanding

3M 0
Nov 13, 2020

10-Q filing | 2.9M shares outstanding

2.9M 0
Aug 07, 2020

10-Q filing | 2.9M shares outstanding

2.9M 0
May 20, 2020

10-Q filing | 2.9M shares outstanding

2.9M 0
Mar 19, 2020

10-K filing | 2.9M shares outstanding

2.9M 0
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