Fundamental Global Inc. (FGF) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
FGF currently has 6.63M outstanding shares. with moderate dilution risk from 1.77M authorized shares representing 26.7% potential dilution. The company has significantly diluted shareholders by 2917.68% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 07, 2026 |
10-Q filing | 6.6M shares outstanding |
6.6M | 1.8M |
| Apr 07, 2026 |
8-K filing: FG Nexus Inc. repurchased approximately 2.2 million shares of its common stock at an average price of $16.04 per share and approximately 220 thousand shares of its Series A Preferred Stock at an average price of approximately $24.88 per share through April 6, 2026. |
6.5M | 1.9M |
| Mar 27, 2026 |
S-3 filing: FG Nexus Inc. filed an S-3 form on 2026-03-27 for a combination offering of up to $5,000,000,000 in securities, including common stock, preferred stock, depositary shares, and debt securities. |
40M | 0 |
| Mar 27, 2026 |
S-3 filing: This prospectus relates to the resale of up to an aggregate of 8,000,000 shares of common stock of FG Nexus Inc. by the selling stockholders, issued or issuable upon the exercise of the issued and outstanding pre-funded warrants to purchase common stock, pursuant to a private placement transaction. |
40M | 0 |
| Nov 14, 2025 |
10-Q filing | 39.6M shares outstanding |
40M | 0 |
| Oct 14, 2025 |
8-K filing: On October 14, 2025, FG Nexus Inc. reported the filing of a resale registration statement, the status of pre-funded warrants, sales pursuant to an At-the-Market offering, and the total shares of common stock outstanding. |
40M | 0 |
| Oct 09, 2025 |
RW filing: The company is withdrawing the registration statement and plans to file an automatic shelf registration statement on Form S-3ASR to register for resale the shares of the company's common stock by the Selling Stockholders. |
1.3M | 0 |
| Sep 09, 2025 |
RW filing: This is an RW filing indicating a request to withdraw a registration statement, with no securities having been sold under it, and a subsequent filing of an automatic shelf registration statement on Form S-3ASR for an at-the-market offering. |
1.3M | 39M |
| Sep 05, 2025 |
RW filing: FG Nexus Inc. requests the withdrawal of its registration statement and intends to file an automatic shelf registration statement on Form S-3ASR for an at-the-market offering. |
1.3M | 39M |
| Sep 04, 2025 |
S-3 filing: Fundamental Global Inc. is offering up to 40,000,000 shares of common stock issuable upon exercise of pre-funded warrants held by selling stockholders. |
1.3M | 79M |
| Aug 27, 2025 |
S-3/A filing: This S-3/A filing describes a shelf offering of up to $5,000,000,000 of various securities, including common stock, preferred stock, depositary shares, and debt securities. It also describes a private placement offering (the PIPE Offering) pre-funded warrants to purchase up to an aggregate of 40,000,000 shares of the Company's common stock. |
1.3M | 39M |
| Aug 08, 2025 |
8-K filing: Fundamental Group Inc. completed a private placement offering (PIPE Offering) selling pre-funded warrants to purchase up to 40,000,000 shares of common stock, issued warrants to OGroup LLC designees, and entered into an ATM Sales Agreement to potentially sell additional shares. ($200.0M proceeds) |
1.3M | 39M |
| Aug 07, 2025 |
S-3 filing: The filing is an S-3 registration statement for the potential offering of up to $5,000,000,000 of various securities including common stock, preferred stock, depositary shares and debt securities. It also discusses a private placement offering of pre-funded warrants to purchase up to 40,000,000 shares of common stock. |
1.3M | 39M |
| Jul 30, 2025 |
8-K filing: Fundamental Global Inc. entered into a securities purchase agreement to sell pre-funded warrants to purchase up to 40,000,000 shares of common stock at $5.00 per warrant, with ThinkEquity LLC acting as the placement agent and receiving warrants to purchase up to 7.5% of the pre-funded warrants sold. ($200.0M proceeds) |
1.3M | 0 |
| May 14, 2025 |
10-Q filing | 1.3M shares outstanding |
1.3M | 0 |
| Mar 31, 2025 |
10-K filing | 1.3M shares outstanding |
1.3M | 0 |
| Nov 14, 2024 |
10-Q filing | 1.3M shares outstanding |
1.3M | 0 |
| Oct 31, 2024 |
Stock Split
8-K filing: Stock split 1-for-25 | Outstanding: 28,566,164 → 1,257,752 |
1.3M | 0 |
| Aug 14, 2024 |
10-Q filing | 28.6M shares outstanding |
29M | 0 |
| May 20, 2024 |
10-Q filing | 28.4M shares outstanding |
28M | 0 |
| Mar 14, 2024 |
10-K filing | 28.4M shares outstanding |
28M | 0 |
| Nov 09, 2023 |
10-Q filing | 10.3M shares outstanding |
10M | 0 |
| Aug 10, 2023 |
10-Q filing | 9.7M shares outstanding |
9.7M | 320K |
| Jun 02, 2023 |
8-K filing: FG Financial Group, Inc. completed a public offering of 865,000 shares of common stock at a price of $1.85 per share, resulting in net proceeds to the company of $1,388,232.50, after deducting underwriting discounts and commissions and other estimated offering expenses. |
9.4M | 600K |
| May 12, 2023 |
10-Q filing | 9.4M shares outstanding |
9.4M | 32M |
| Mar 24, 2023 |
10-K filing | 9.4M shares outstanding |
9.4M | 32M |
| Nov 09, 2022 |
10-Q filing | 9.3M shares outstanding |
9.3M | 32M |
| Aug 11, 2022 |
10-Q filing | 9.3M shares outstanding |
9.3M | 32M |
| Aug 02, 2022 |
8-K filing: FG Financial Group, Inc. closed on the sale of an additional 71,770 shares of common stock at a price of $1.58 per share on August 2, 2022, as part of an over-allotment option, bringing the total shares sold in the offering to 2,821,770 and the total net proceeds to approximately $3.89 million. |
6.5M | 34M |
| Jun 21, 2022 |
8-K filing: FG Financial Group, Inc. closed its underwritten public offering of 2,750,000 shares of common stock at $1.58 per share, with net proceeds of approximately $3.8 million. ($3.8M proceeds) |
6.5M | 34M |
| Jun 17, 2022 |
8-K filing: FG Financial Group, Inc. entered into an underwriting agreement for a firm commitment underwritten public offering of 2,750,000 shares of common stock at $1.58 per share, with an option for the underwriters to purchase up to 412,500 additional shares. |
6.5M | 34M |
| Jun 14, 2022 |
S-1/A filing: This is a firm commitment underwritten public offering of 1,822,987 shares of common stock of FG Financial Group, Inc., based on an assumed public offering price of $2.385 per share, which was the last reported sale price of our Common Stock on The Nasdaq Global Market on June 13, 2022. |
6.5M | 34M |
| May 31, 2022 |
S-1/A filing: This is a firm commitment underwritten public offering of shares of common stock of FG Financial Group, Inc. |
6.5M | 32M |
| May 16, 2022 |
10-Q filing | 6.5M shares outstanding |
6.5M | 32M |
| May 06, 2022 |
S-1 filing: FG Financial Group, Inc. is offering shares of common stock in a firm commitment underwritten public offering. |
6.5M | 32M |
| Mar 30, 2022 |
10-K filing | 6.5M shares outstanding |
6.5M | 32M |
| Dec 02, 2021 |
8-K filing: The registrant completed its previously announced rights offering, issuing 691,735 shares of common stock at $4.00 per share, resulting in gross proceeds of $2,766,940. ($2.77M proceeds) |
5.8M | 33M |
| Nov 15, 2021 |
10-Q filing | 5.8M shares outstanding |
5.8M | 33M |
| Nov 03, 2021 |
8-K filing: FG Financial Group, Inc. consummated an underwritten public offering of 750,000 shares of its common stock at $4.00 per share, resulting in net proceeds of approximately $2.5 million after deducting underwriting discounts and estimated offering expenses. ($2.5M proceeds) |
5.1M | 34M |
| Oct 29, 2021 |
8-K filing: FG Financial Group, Inc. commenced a rights offering to holders of its common stock, distributing one non-transferable subscription right to purchase 0.15 share of common stock at $4.00 per share for each share held as of October 25, 2021, potentially issuing up to 757,720 shares for approximately $3.0 million. ($3.0M proceeds) |
5.1M | 34M |
| Oct 28, 2021 |
8-K filing: FG Financial Group, Inc. closed its underwritten public offering of 652,174 shares of common stock at $4.00 per share, with net proceeds to the Company of approximately $2.2 million. ($2.61M proceeds) |
5.1M | 34M |
| Oct 27, 2021 |
S-1/A filing: This S-1/A filing relates to an offering of common stock, including shares issuable upon exercise of subscription rights and an underwritten offering, with an option for underwriters to purchase additional shares. |
5.1M | 34M |
| Oct 26, 2021 |
8-K filing: FG Financial Group, Inc. completed a public offering of 652,174 shares of common stock at $4.00 per share. |
5.1M | 34M |
| Oct 15, 2021 |
8-K filing: FG Financial Group, Inc. declared a distribution of subscription rights to purchase 0.15 share of common stock for each share of common stock held, with the rights expected to be distributed on October 29, 2021, and expiring on November 29, 2021. |
5.1M | 34M |
| Oct 05, 2021 |
S-1 filing: The company is filing an S-1 to register a rights offering for up to 757,720 shares of common stock and a firm commitment underwritten offering of 652,174 shares of common stock with an option for underwriters to purchase up to an additional 97,826 shares. |
5M | 34M |
| Oct 05, 2021 |
S-1/A filing: This is a firm commitment public offering of 652,174 shares of common stock of FG Financial Group, Inc. |
5.1M | 34M |
| Aug 16, 2021 |
10-Q filing | 5.0M shares outstanding |
5M | 34M |
| Aug 04, 2021 |
S-1 filing: This is a firm commitment public offering of 2,811,482 shares of common stock of FG Financial Group, Inc. |
5M | 34M |
| May 21, 2021 |
8-K filing: FG Financial Group, Inc. issued 194,580 shares of Series A Preferred Stock at $25.00 per share in an underwritten public offering, generating net proceeds of approximately $4.24 million. ($0.0M proceeds) |
5M | 31M |
| May 19, 2021 |
8-K filing: FG Financial Group, Inc. completed a public offering of 169,200 shares of its 8.00% Cumulative Preferred Stock, Series A at a price of $25.00 per share. |
5M | 31M |
| May 14, 2021 |
10-Q filing | 5.0M shares outstanding |
5M | 31M |
| Mar 24, 2021 |
S-3/A filing: Financial Group, Inc. may offer up to $150,000,000 of common stock, preferred stock, and debt securities. |
6.1M | 30M |
| Mar 18, 2021 |
10-K filing | 6.1M shares outstanding |
6.1M | 26M |
| Feb 19, 2021 |
S-3 filing: Financial Group, Inc. may offer up to $150,000,000 of common stock, preferred stock, and debt securities from time to time. |
6.1M | 26M |
| Nov 16, 2020 |
10-Q filing | 6.1M shares outstanding |
6.1M | 0 |
| Sep 21, 2020 |
8-K filing: 1347 Property Insurance Holdings, Inc. entered into a Share Repurchase and Cooperation Agreement with Hale Partnership Capital Management, LLC and certain of its affiliates to repurchase 1,130,152 shares of the Company's common stock in exchange for $2,752,617 in cash and 330,231 shares of FedNat Holding Company common stock. ($2.75M proceeds) |
6.1M | 0 |
| Aug 14, 2020 |
10-Q filing | 6.1M shares outstanding |
6.1M | 0 |
| May 14, 2020 |
10-Q filing | 6.1M shares outstanding |
6.1M | 0 |
| Mar 30, 2020 |
10-K filing | 6.1M shares outstanding |
6.1M | 0 |