GALECTIN THERAPEUTICS INC (GALT) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: March 31, 2026

Risk Assessment Details

Potential Dilution: 128.81% of current shares
Recent Dilution: 5.67% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
66M
Potential Supply
85M
Additional shares possible
Splits
None
Past 2 years

Summary

GALT currently has 65.8M outstanding shares. with significant dilution risk as 84.8M authorized shares could dilute existing holders by 128.8%. The company has minimally diluted shareholders by 5.67% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 31, 2026

S-3 filing: The filing is an S-3 form indicating the company may offer common stock, warrants, rights, and a combination thereof, with an aggregate initial offering price not exceeding $200,000,000.

66M 85M
Mar 31, 2026

10-K filing | 63.9M shares outstanding

64M 75M
Dec 19, 2025

8-K filing: Galectin Therapeutics Inc. entered into a Line of Credit Letter Agreement with Richard E. Uihlein, providing a line of credit of up to $10.00 million, and will issue warrants to purchase up to 200,000 shares of common stock to the lender.

63M 76M
Aug 14, 2025

10-Q filing | 63.4M shares outstanding

63M 76M
May 15, 2025

10-Q filing | 63.2M shares outstanding

63M 76M
Mar 31, 2025

10-K filing | 62.3M shares outstanding

62M 77M
Nov 14, 2024

10-Q filing | 62.3M shares outstanding

62M 77M
Aug 13, 2024

10-Q filing | 62.2M shares outstanding

62M 77M
May 15, 2024

10-Q filing | 62.0M shares outstanding

62M 77M
Mar 29, 2024

10-K filing | 60.2M shares outstanding

60M 79M
Nov 13, 2023

10-Q filing | 59.7M shares outstanding

60M 80M
Aug 14, 2023

10-Q filing | 59.6M shares outstanding

60M 80M
May 15, 2023

10-Q filing | 59.5M shares outstanding

59M 80M
Apr 14, 2023

S-3 filing: The company may offer and sell, from time to time, common stock, warrants, rights, and a combination thereof, at prices and on terms to be determined by market conditions and other factors at the time of our offerings. The aggregate initial offering price of all securities sold by us under this prospectus will not exceed $100,000,000.

59M 80M
Mar 30, 2023

10-K filing | 59.4M shares outstanding

59M 13M
Nov 14, 2022

10-Q filing | 59.4M shares outstanding

59M 13M
Aug 15, 2022

10-Q filing | 59.4M shares outstanding

59M 13M
Jul 26, 2022

8-K filing: Galectin Therapeutics Inc. entered into a Line of Credit Letter Agreement with Richard E. Uihlein for up to $60.00 million, with potential issuance of warrants to purchase up to 1,700,000 shares of common stock and conversion of promissory notes into common stock at a minimum price of $3.00 per share.

59M 13M
May 16, 2022

10-Q filing | 59.4M shares outstanding

59M 13M
Mar 31, 2022

10-K filing | 58.5M shares outstanding

59M 14M
Nov 15, 2021

10-Q filing | 59.3M shares outstanding

59M 13M
Aug 16, 2021

10-Q filing | 59.3M shares outstanding

59M 13M
May 17, 2021

10-Q filing | 58.1M shares outstanding

58M 14M
Mar 31, 2021

10-K filing | 57.2M shares outstanding

57M 15M
Nov 09, 2020

10-Q filing | 57.1M shares outstanding

57M 15M
Aug 10, 2020

10-Q filing | 57.0M shares outstanding

57M 15M
May 11, 2020

S-3 filing: The company may offer and sell common stock, warrants, rights, and a combination thereof, with an aggregate offering price not exceeding $100,000,000. The company intends to use the net proceeds of this offering for the continued development of our drug research and development programs, including the current NASH-RX trials for belapectin (GR-MD-02), and for general corporate purposes.

57M 15M
May 11, 2020

10-Q filing | 57.0M shares outstanding

57M 15M
Mar 16, 2020

10-K filing | 56.9M shares outstanding

57M 0
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