GENELUX Corp (GNLX) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 131.55% of current shares
Recent Dilution: 66.56% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
44M
Potential Supply
58M
Additional shares possible
Splits
None
Past 2 years

Summary

GNLX currently has 44.2M outstanding shares. with significant dilution risk as 58.1M authorized shares could dilute existing holders by 131.5%. The company has significantly diluted shareholders by 66.56% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 44.2M shares outstanding

44M 58M
Mar 19, 2026

10-K filing | 44.8M shares outstanding

45M 58M
Jan 08, 2026

8-K filing: Genelux Corporation entered into an underwriting agreement to issue and sell 6,666,667 shares of common stock at $3.00 per share in an underwritten public offering, with gross proceeds of approximately $20.0 million before deducting underwriting discounts and commissions. ($20.0M proceeds)

38M 58M
Nov 05, 2025

10-Q filing | 37.9M shares outstanding

38M 58M
Aug 07, 2025

10-Q filing | 37.9M shares outstanding

38M 58M
May 06, 2025

10-Q filing | 34.9M shares outstanding

35M 58M
Mar 28, 2025

10-K filing | 31.5M shares outstanding

31M 58M
Mar 25, 2025

8-K filing: The Company entered into an underwriting agreement with Titan Partners Group to issue and sell 3,000,000 shares of common stock at $3.50 per share in an underwritten registered direct offering, with gross proceeds expected to be $10.5 million. ($10.5M proceeds)

35M 58M
Nov 14, 2024

10-Q filing | 34.5M shares outstanding

35M 58M
Aug 14, 2024

10-Q filing | 34.5M shares outstanding

35M 58M
Jun 05, 2024

8-K filing: The Underwriters exercised their option to purchase an additional 625,000 shares of the Company's common stock and accompanying warrants to purchase 625,000 shares of Common Stock at a combined offering price of $4.00 per share and accompanying Warrant, resulting in net proceeds to the Company of approximately $2.35 million. ($2.5M proceeds)

27M 58M
May 24, 2024

8-K filing: Genelux Corporation entered into an underwriting agreement to issue and sell 6,875,000 shares of common stock and accompanying warrants to purchase 6,875,000 shares of common stock at a combined offering price of $4.00 per share and warrant, with net proceeds expected to be approximately $25.4 million. ($27.5M proceeds)

27M 58M
May 09, 2024

10-Q filing | 26.8M shares outstanding

27M 58M
Mar 29, 2024

10-K filing | 24.4M shares outstanding

24M 58M
Feb 02, 2024

S-3 filing: The company may offer up to $300,000,000 of any combination of shares of its common stock, shares of its preferred stock, debt securities and warrants to purchase any of such securities.

26M 58M
Nov 14, 2023

10-Q filing | 26.2M shares outstanding

26M 1.3M
Aug 14, 2023

10-Q filing | 25.1M shares outstanding

25M 1.3M
Jun 28, 2023

S-1 filing: The filing relates to the potential resale from time to time of up to an aggregate of 1,315,213 shares of common stock by the selling stockholders.

25M 1.3M
Jun 12, 2023

8-K filing: Genelux Corporation entered into a Securities Purchase Agreement to sell and issue 900,000 shares of common stock at $20.00 per share in a private placement, expecting gross proceeds of approximately $18.0 million. ($18.0M proceeds)

25M 0
May 15, 2023

10-Q filing | 24.7M shares outstanding

25M 0
Jan 10, 2023

S-1/A filing: This is an S-1/A filing for an initial public offering of common stock. The underwriters may engage in activities that stabilize, maintain or otherwise affect the price of the shares of our common stock during and after this offering.

N/A 0
Dec 23, 2022

S-1/A filing: This is an S-1/A filing related to an initial public offering, with underwriters including The Benchmark Company and Brookline Capital Markets. The filing discusses lock-up agreements, Nasdaq listing requirements, stabilization activities, and underwriter warrants.

N/A 0
Nov 04, 2022

S-1/A filing: This is an S-1/A filing for an initial public offering of common stock, with The Benchmark Company and Brookline Capital Markets as underwriters. The filing includes information about lock-up agreements, stock exchange listing, and stabilization activities.

N/A 0
Oct 13, 2022

S-1/A filing: This S-1/A filing relates to a proposed offering of the company's common stock and includes information regarding underwriters, lock-up agreements, stock exchange listing, and stabilization activities.

N/A 0
Sep 19, 2022

S-1/A filing: This is an S-1/A filing for an offering of common stock underwritten by The Benchmark Company and Brookline Capital Markets. The company has applied to list its common stock on the Nasdaq Capital Market under the symbol "GNLX."

N/A 0
Aug 29, 2022

S-1/A filing: S-1/A filing for a common stock offering underwritten by The Benchmark Company and Brookline Capital Markets.

N/A 0
Jun 24, 2022

S-1 filing: This is an S-1 filing for an initial public offering of common stock underwritten by The Benchmark Company, Brookline Capital Markets, and Valuable Capital Limited. Warrants to purchase common stock will be issued to Benchmark.

N/A 0
Weekly Research

Get Weekly Super Stonk Alerts

Never miss a squeeze opportunity. Get our weekly analysis of high short interest stocks, AI-discovered gems, and dilution warnings delivered to your inbox.

No spam Unsubscribe anytime