FTC Solar, Inc. (FTCI) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
FTCI currently has 15.6M outstanding shares. with significant dilution risk as 30.3M authorized shares could dilute existing holders by 194.7%. The company has diluted shareholders by 22.5% over the past 2 years through share issuances. 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 05, 2026 |
10-Q filing | 15.6M shares outstanding |
16M | 30M |
| Aug 05, 2025 |
10-Q filing | 14.9M shares outstanding |
15M | 30M |
| May 16, 2025 |
S-3/A filing: FTC Solar, Inc. may offer and sell from time to time in one or more offerings common stock, preferred stock, debt securities, and warrants up to an aggregate offering price of $65,000,000. |
13M | 30M |
| May 01, 2025 |
S-3 filing: FTC Solar, Inc. is filing an S-3 to offer and sell common stock, preferred stock, debt securities, and warrants, with an aggregate offering price not exceeding $65,000,000. The company intends to use the net proceeds for general corporate purposes, including working capital, operating expenses, acquisitions, or investments. |
13M | 14M |
| May 01, 2025 |
10-Q filing | 12.9M shares outstanding |
13M | 14M |
| Mar 31, 2025 |
10-K filing | 12.7M shares outstanding |
13M | 14M |
| Dec 30, 2024 |
S-3 filing: This is an S-3 filing to register shares of common stock issuable upon exercise of warrants for resale by the Selling Stockholder. |
13M | 14M |
| Dec 04, 2024 |
8-K filing: FTC Solar, Inc. sold approximately $15,000,000 in principal amount of senior secured promissory notes and warrants to an institutional investor in a private placement that closed on December 4, 2024. |
13M | 14M |
| Nov 29, 2024 |
Stock Split
8-K filing: Stock split 1-for-10 | Outstanding: 127,380,292 → 12,738,029 |
13M | 14M |
| Nov 12, 2024 |
10-Q filing | 127.4M shares outstanding |
130M | 140M |
| Aug 08, 2024 |
10-Q filing | 126.2M shares outstanding |
130M | 140M |
| May 10, 2024 |
10-Q filing | 125.6M shares outstanding |
130M | 140M |
| Mar 15, 2024 |
10-K filing | 115.5M shares outstanding |
120M | 140M |
| Nov 08, 2023 |
10-Q filing | 119.8M shares outstanding |
120M | 140M |
| Aug 09, 2023 |
10-Q filing | 112.7M shares outstanding |
110M | 140M |
| May 10, 2023 |
10-Q filing | 106.8M shares outstanding |
110M | 140M |
| Feb 28, 2023 |
10-K filing | 101.4M shares outstanding |
100M | 140M |
| Dec 30, 2022 |
8-K filing: FTC Solar, Inc. settled a lawsuit with FCX Solar, LLC, agreeing to pay $1.5 million and issue 797,396 shares of common stock at $2.508163 per share, in exchange for a worldwide license under certain FCX patents. |
100M | 140M |
| Nov 09, 2022 |
10-Q filing | 102.2M shares outstanding |
100M | 140M |
| Aug 09, 2022 |
10-Q filing | 100.3M shares outstanding |
100M | 140M |
| Jun 27, 2022 |
S-3 filing: FTC Solar, Inc. files an S-3 to offer common stock, preferred stock, debt securities, and warrants up to $250,000,000, and selling stockholders offer 35,674,463 shares of common stock. |
99M | 140M |
| May 16, 2022 |
10-Q filing | 99.2M shares outstanding |
99M | 58M |
| Mar 21, 2022 |
S-1/A filing: This S-1/A filing relates to an offering of common stock by selling stockholders, with 37,277,987 shares being offered. The company will not receive any proceeds from the sale. As of March 11, 2022, there were 99,144,385 shares of common stock outstanding. |
99M | 58M |
| Mar 21, 2022 |
10-K filing | 99.1M shares outstanding |
99M | 58M |
| Feb 04, 2022 |
S-1 filing: This S-1 filing registers 37,277,987 shares of common stock offered by selling stockholders. The company will not receive any proceeds from the sale. Common stock outstanding is 96,751,102 shares as of February 4, 2022. |
97M | 58M |
| Nov 12, 2021 |
10-Q filing | 85.0M shares outstanding |
85M | 21M |
| Aug 11, 2021 |
10-Q filing | 84.3M shares outstanding |
84M | 21M |
| Jun 08, 2021 |
10-Q filing | 77.1M shares outstanding |
77M | 21M |
| May 03, 2021 |
8-K filing: FTC Solar, Inc. closed its initial public offering of 19,840,000 shares of common stock at $13.00 per share and entered into a $100 million senior secured revolving credit facility. ($257.92M proceeds) |
67M | 21M |
| Apr 27, 2021 |
S-1/A filing: S-1/A filing for FTC Solar, Inc. involving an option to purchase additional shares of common stock. |
67M | 21M |
| Apr 19, 2021 |
S-1/A filing: This S-1/A filing includes information on an offering of common stock by FTC Solar, Inc., with an option to purchase additional shares. It details the use of proceeds, dividend policy, directed share program, and other offering-related information. |
67M | 19M |
| Mar 26, 2021 |
S-1 filing: FTC Solar, Inc. is filing an S-1 form relating to an offering of common stock with an option to purchase additional shares. |
N/A | 0 |