HYPERION DEFI, INC. (HYPD) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 15, 2026

Risk Assessment Details

Potential Dilution: 23467.97% of current shares
Recent Dilution: 765.54% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
15M
Potential Supply
3.6B
Additional shares possible
Splits
1 Split
Past 2 years

Summary

HYPD currently has 15.2M outstanding shares. with significant dilution risk as 3.56B authorized shares could dilute existing holders by 23468.0%. The company has significantly diluted shareholders by 765.54% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 15, 2026

10-Q filing | 15.2M shares outstanding

15M 3.6B
May 14, 2026

8-K filing: The Company issued and Chardan Capital Markets, LLC purchased 132,249 shares of common stock for approximately $0.4 million in net proceeds following the exercise of an option. ($0.4M proceeds)

7.2M 3.6B
May 06, 2026

8-K filing: Hyperion DeFi, Inc. entered into an underwriting agreement with Chardan Capital Markets, LLC for the issuance and sale of 2,777,778 shares of common stock at $3.60 per share, with an option for the Underwriter to purchase an additional 416,666 shares. ($10.0M proceeds)

7.2M 3.6B
Jan 05, 2026

8-K filing: On January 5, 2026, 100,000 shares of Series A Preferred Stock were converted into 300,000 shares of common stock of Hyperion DeFi, Inc. for no additional consideration.

7.2M 3.6B
Nov 17, 2025

S-3 filing: The company is filing an S-3 to register the offering of common stock, preferred stock, and debt securities, separately or in combination, for a total aggregate amount of $1,000,000,000.

7.2M 210M
Nov 14, 2025

10-Q filing | 1.5M shares outstanding

1.5M 110M
Aug 13, 2025

10-Q filing | 1.5M shares outstanding

1.5M 110M
Jul 18, 2025

S-3 filing: This prospectus relates to the offer and sale from time to time, by the selling securityholders identified in this prospectus, of up to 50,770,667 shares of common stock of Hyperion DeFi, Inc.

5.4M 110M
May 19, 2025

10-Q filing | 1.5M shares outstanding

1.5M 12M
Apr 18, 2025

S-3 filing: This prospectus relates to the offer and sale from time to time, by the selling securityholders, of up to 6,370,387 shares of the common stock of Eyenovia, Inc.

2.8M 10M
Apr 15, 2025

10-K filing | 2.8M shares outstanding

2.8M 0
Jan 31, 2025
Stock Split

8-K filing: Stock split 80-for-1 | Outstanding: 45,553,026 → 3,644,242,080

3.6B 0
Jan 16, 2025

8-K filing: Eyenovia, Inc. completed the exercise of existing warrants for 15,769,445 shares of common stock, receiving gross proceeds of approximately $1.0 million and issued new warrants to purchase up to 200% of the exercised shares. ($1.0M proceeds)

46M 0
Dec 09, 2024

8-K filing: Eyenovia, Inc. entered into a securities purchase agreement to sell 11,000,000 shares of common stock, pre-funded warrants to purchase up to 9,085,025 shares of common stock, and warrants to purchase up to 40,170,050 shares of common stock in a registered direct offering, with expected gross proceeds of approximately $1.95 million. ($1.95M proceeds)

46M 45M
Nov 26, 2024

8-K filing: Eyenovia, Inc. completed a registered direct offering of 9,000,000 shares of common stock, pre-funded warrants to purchase up to 3,081,785 shares of common stock, and warrants to purchase up to 24,163,570 shares of common stock, with gross proceeds expected to be approximately $1.3 million. ($1.3M proceeds)

46M 45M
Nov 25, 2024

8-K filing: Eyenovia, Inc. issued 1,901,733 shares of common stock to lenders at a price of approximately $0.1052 per share under a Subscription Agreement.

46M 45M
Nov 12, 2024

10-Q filing | 45.6M shares outstanding

46M 45M
Oct 01, 2024

S-3 filing: The filing is for a shelf registration to offer and sell up to $100,000,000 of common stock, preferred stock and debt securities from time to time and an at-the-market offering of common stock up to $25,000,000.

56M 35M
Sep 30, 2024

8-K filing: Eyenovia, Inc. completed a registered direct offering of 8,630,000 shares of common stock, pre-funded warrants to purchase up to 65,653 shares of common stock, and warrants to purchase up to 8,695,653 shares of common stock, with gross proceeds expected to be approximately $4.0 million. ($4.0M proceeds)

46M 0
Aug 22, 2024

8-K filing: Eyenovia, Inc. agreed to sell 12,850,000 shares of common stock at $0.40 per share to certain institutional and accredited investors, with aggregate gross proceeds expected to be approximately $5.14 million, to fund commercialization activities, complete a clinical study, and for working capital and general corporate purposes. ($5.14M proceeds)

46M 0
Aug 14, 2024

10-Q filing | 45.6M shares outstanding

46M 0
Jul 01, 2024

8-K filing: Eyenovia, Inc. entered into a securities purchase agreement to sell 7,575,757 shares of common stock and warrants in a registered direct offering, with gross proceeds expected to be approximately $5.0 million. ($5.0M proceeds)

47M 0
May 15, 2024

10-Q filing | 46.6M shares outstanding

47M 0
Apr 10, 2024

8-K filing: Eyenovia, Inc. filed a prospectus supplement to its registration statement on Form S-3 for the sale and issuance of 3,223,726 shares of the Company's common stock.

37M 5.3M
Apr 09, 2024

8-K filing: Eyenovia, Inc. entered into a securities purchase agreement with a single fundamentals-based healthcare investor for a registered direct offering of 3,223,726 shares of common stock at a price of $0.6204 per share, with aggregate gross proceeds expected to be approximately $2.0 million. ($2.0M proceeds)

37M 5.3M
Mar 18, 2024

10-K filing | 36.7M shares outstanding

37M 5.3M
Nov 13, 2023

10-Q filing | 40.1M shares outstanding

40M 1.8M
Aug 29, 2023

8-K filing: Eyenovia, Inc. entered into a securities purchase agreement to sell 4,198,633 shares of common stock, pre-funded warrants to purchase up to 2,252,979 shares of Common Stock and warrants to purchase up to 4,838,709 shares of Common Stock in a registered direct offering.

38M 3.9M
Aug 16, 2023

8-K filing: Eyenovia, Inc. entered into a license agreement with Formosa Pharmaceuticals, Inc., granting Eyenovia an exclusive license to commercialize a novel formulation of Clobetasol Proprionate in the United States, with half of the $2 million upfront payment to Formosa being in the form of 487,805 shares of Eyenovia's common stock.

38M 3.9M
Aug 11, 2023

10-Q filing | 38.1M shares outstanding

38M 3.9M
May 12, 2023

10-Q filing | 37.4M shares outstanding

37M 4.6M
Mar 31, 2023

10-K filing | 28.4M shares outstanding

28M 14M
Dec 16, 2022

S-3 filing: This prospectus relates to the offer and sale by the selling stockholders of up to 2,875,554 shares of common stock of Eyenovia, Inc. that have been issued or are issuable in connection with the Loan and Security Agreement.

36M 5.8M
Nov 29, 2022

8-K filing: Eyenovia, Inc. issued 219,123 shares of Common Stock to Avenue Venture Opportunities Fund, L.P. and 328,684 shares of Common Stock to Avenue Capital Management II, L.P. in connection with a Loan and Security Agreement.

28M 11M
Nov 14, 2022

10-Q filing | 28.4M shares outstanding

28M 11M
Aug 11, 2022

10-Q filing | 28.4M shares outstanding

28M 11M
May 13, 2022

10-Q filing | 30.0M shares outstanding

30M 9.1M
Mar 30, 2022

10-K filing | 26.3M shares outstanding

26M 13M
Mar 07, 2022

8-K filing: Eyenovia, Inc. entered into a securities purchase agreement for the issuance and sale of 3,000,000 shares of common stock, warrants to purchase 4,870,130 shares of common stock, and pre-funded warrants to purchase 1,870,130 shares of common stock at a price of $3.08 per share. ($15.0M proceeds)

28M 11M
Dec 14, 2021

S-3 filing: This S-3 filing is for a shelf offering of up to $100,000,000 in common stock, preferred stock, and debt securities, offered from time to time at prices and terms to be determined at the time of the offering.

28M 11M
Nov 12, 2021

10-Q filing | 26.1M shares outstanding

26M 0
Aug 12, 2021

10-Q filing | 25.9M shares outstanding

26M 0
May 14, 2021

10-Q filing | 25.9M shares outstanding

26M 0
May 10, 2021

8-K filing: Eyenovia, Inc. entered into a Loan and Security Agreement and issued warrants to Silicon Valley Bank to purchase 91,884 shares of common stock at an exercise price of $4.76 per share.

26M 170K
Mar 30, 2021

10-K filing | 25.6M shares outstanding

26M 170K
Nov 12, 2020

10-Q filing | 24.9M shares outstanding

25M 910K
Aug 14, 2020

10-Q filing | 20.5M shares outstanding

21M 5.3M
May 14, 2020

10-Q filing | 19.8M shares outstanding

20M 6M
May 08, 2020

S-3/A filing: This prospectus relates to the resale from time to time of up to 2,675,293 shares of our common stock, and 1,337,659 shares of our common stock that are issuable upon the exercise of Class A warrants and 2,006,495 shares of our common stock that are issuable upon the exercise of Class B warrants held by the selling stockholders named in this prospectus.

20M 6M
Apr 22, 2020

S-3 filing: This prospectus relates to the resale from time to time of up to 2,675,293 shares of our common stock, and 1,337,659 shares of our common stock that are issuable upon the exercise of Class A warrants and 2,006,495 shares of our common stock that are issuable upon the exercise of Class B warrants held by the selling stockholders.

20M 6M
Mar 30, 2020

10-K filing | 19.8M shares outstanding

20M 0
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