Immuneering Corp (IMRX) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 15, 2026

Risk Assessment Details

Potential Dilution: 10.86% of current shares
Recent Dilution: 101.75% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
65M
Potential Supply
7M
Additional shares possible
Splits
None
Past 2 years

Summary

IMRX currently has 64.7M outstanding shares. with limited dilution risk as only 7.02M additional shares (10.9%) are authorized for issuance. The company has significantly diluted shareholders by 101.75% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 15, 2026

10-Q filing | 64.7M shares outstanding

65M 7M
Nov 12, 2025

10-Q filing | 64.6M shares outstanding

65M 7M
Sep 25, 2025

8-K filing: Immuneering Corporation executed an underwriting agreement for a public offering of 18,959,914 shares of Class A common stock at $9.23 per share and a concurrent private placement to Aventis Inc. for 2,708,559 shares of Class A common stock at the same price. ($200.0M proceeds)

36M 7M
Aug 13, 2025

10-Q filing | 36.0M shares outstanding

36M 7M
May 05, 2025

10-Q filing | 35.5M shares outstanding

36M 7M
Mar 20, 2025

10-K filing | 35.9M shares outstanding

36M 7M
Nov 13, 2024

10-Q filing | 29.8M shares outstanding

30M 7M
Aug 06, 2024

10-Q filing | 29.7M shares outstanding

30M 7M
May 07, 2024

10-Q filing | 29.4M shares outstanding

29M 7M
Mar 01, 2024

10-K filing | 28.4M shares outstanding

28M 7M
Nov 09, 2023

10-Q filing | 29.3M shares outstanding

29M 7M
Aug 03, 2023

10-Q filing | 28.6M shares outstanding

29M 7M
May 04, 2023

10-Q filing | 26.4M shares outstanding

26M 7M
Apr 19, 2023

8-K filing: Immuneering Corporation entered into an underwriting agreement for the public offering, issuance, and sale of 2,727,273 shares of Class A common stock at $11.00 per share, with expected net proceeds of approximately $27.8 million. ($30.0M proceeds)

26M 7M
Mar 06, 2023

10-K filing | 26.4M shares outstanding

26M 7M
Nov 10, 2022

10-Q filing | 26.4M shares outstanding

26M 7M
Aug 10, 2022

10-Q filing | 26.4M shares outstanding

26M 7M
Aug 10, 2022

S-3 filing: Immuneering Corporation files an S-3 to offer and sell up to $200,000,000 in the aggregate of Class A Common Stock, Preferred Stock, Debt Securities, Warrants, and Units from time to time in one or more offerings.

26M 7M
May 10, 2022

10-Q filing | 26.4M shares outstanding

26M 0
Mar 10, 2022

10-K filing | 5.0M shares outstanding

5M 0
Dec 22, 2021

8-K filing: Immuneering Corporation acquired BioArkive, Inc. for $8.75 million, paid through the issuance of 379,635 shares of Immuneering's Class A common stock. ($8.75M proceeds)

5M 0
Nov 09, 2021

10-Q filing | 5.0M shares outstanding

5M 0
Sep 09, 2021

10-Q filing | 5.0M shares outstanding

5M 0
Jul 28, 2021

S-1/A filing: This is an S-1/A filing detailing other expenses of issuance and distribution, indemnification of directors and officers, and recent sales of unregistered securities.

N/A 0
Jul 26, 2021

S-1/A filing: This is an S-1/A filing for an offering of Class A common stock underwritten by Morgan Stanley, Jefferies, Cowen, and Guggenheim Securities.

N/A 0
Jul 09, 2021

S-1 filing: This is an S-1 filing for an initial public offering of Class A common stock underwritten by Morgan Stanley, Jefferies, Cowen, and Guggenheim Securities.

N/A 0
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