GSR III Acquisition Corp. (GSRT) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: September 29, 2025

Risk Assessment Details

Potential Dilution: 86.96% of current shares
Recent Dilution: 710.09% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
23M
Potential Supply
20M
Additional shares possible
Splits
None
Past 2 years

Summary

GSRT currently has 23M outstanding shares. with significant dilution risk as 20M authorized shares could dilute existing holders by 87.0%. The company has significantly diluted shareholders by 710.09% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Sep 29, 2025

8-K filing: GSR III Acquisition Corp entered into Subscription Agreements for a private placement of approximately $31.8 million of its ordinary shares and warrants in connection with its business combination with Terra Innovatum s.r.l. ($31.84M proceeds)

23M 20M
May 15, 2025

10-Q filing | 23.0M shares outstanding

23M 20M
Mar 27, 2025

10-K filing | 23.4M shares outstanding

23M 20M
Dec 23, 2024

10-Q filing | 23.4M shares outstanding

23M 20M
Nov 15, 2024

8-K filing: GSR III Acquisition Corp. consummated its initial public offering of 20,000,000 units and the underwriter fully exercised its over-allotment option to purchase 3,000,000 additional Units for an aggregate of 23,000,000 Units sold at $10.00 per Unit, generating gross proceeds of $230,000,000. Simultaneously, the company completed the private sale of 422,500 private placement units at $10.00 per unit, generating gross proceeds of $4,225,000. ($234.23M proceeds)

26M 20M
Nov 14, 2024

8-K filing: GSR III Acquisition Corp. consummated its initial public offering of 23,000,000 units at a price of $10.00 per Unit, generating gross proceeds of $230,000,000, and completed the private sale of 422,500 private placement units at $10.00 per unit for gross proceeds of $4,225,000. ($234.23M proceeds)

26M 20M
Nov 07, 2024

S-1/A filing: GSR III Acquisition Corp. is offering 20,000,000 units at $10.00 per unit for a total of $200,000,000.

26M 20M
Oct 31, 2024

S-1/A filing: S-1/A filing for GSR III Acquisition Corp. proposing an offering of $200,000,000 in units, with each unit consisting of Class A ordinary share and one-seventh of one whole right to receive a Class A ordinary share.

5.8M 20M
Oct 25, 2024

S-1/A filing: GSR III Acquisition Corp. is offering 20,000,000 units at $10.00 per unit for a total of $200,000,000. Each unit consists of one Class A ordinary share and one-seventh of one whole right to receive a Class A ordinary share.

5.8M 20M
Sep 10, 2024

S-1/A filing: GSR III Acquisition Corp. is offering 20,000,000 units at $10.00 per unit, each unit consisting of Class A ordinary share and one-seventh of one whole right to receive a Class A ordinary share.

26M 20M
Jul 16, 2024

S-1 filing: GSR III Acquisition Corp. is offering 20,000,000 units at $10.00 per unit for a total of $200,000,000.

5.8M 20M
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