Immuron Ltd (IMRN) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Low Risk

Limited dilution potential

Last updated: September 25, 2025

Risk Assessment Details

Potential Dilution: 0.37% of current shares

Recent Dilution: 2.61% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

230M

Potential Supply

850K

Additional shares possible

Splits

None

Past 2 years

Summary

IMRN currently has 234M outstanding shares. with limited dilution risk as only 855K additional shares (0.4%) are authorized for issuance. The company has minimally diluted shareholders by 2.61% over the past 2 years.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding	Supply
Sep 25, 2025	20-F filing \| 234.0M shares outstanding	230M	850K
Oct 01, 2024	20-F filing \| 228.0M shares outstanding	230M	850K
Jul 03, 2024	F-3 filing: Immuron Limited is filing an F-3 form to offer and sell up to $15,000,000 of ordinary shares, in the form of American Depositary Shares, or ADSs, preference shares, warrants to purchase ordinary shares, in the form of ADSs and a combination of such securities, separately or as units, in one or more offerings.	230M	850K
Sep 28, 2023	20-F filing \| 227.8M shares outstanding	230M	0
Sep 09, 2022	20-F filing \| 227.8M shares outstanding	230M	0
Oct 29, 2021	20-F filing \| 227.2M shares outstanding	230M	0
Oct 28, 2020	20-F filing \| 178.3M shares outstanding	180M	0

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