Indonesia Energy Corp Ltd (INDO) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: April 29, 2026

Risk Assessment Details

Potential Dilution: 72.84% of current shares
Recent Dilution: 5.41% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
15M
Potential Supply
11M
Additional shares possible
Splits
None
Past 2 years

Summary

INDO currently has 14.7M outstanding shares. with significant dilution risk as 10.7M authorized shares could dilute existing holders by 72.8%. The company has minimally diluted shareholders by 5.41% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 29, 2026

20-F filing | 14.7M shares outstanding

15M 11M
Apr 30, 2025

20-F filing | 13.9M shares outstanding

14M 11M
Apr 26, 2024

20-F filing | 10.1M shares outstanding

10M 11M
Mar 22, 2024

F-3 filing: Indonesia Energy Corporation Limited may offer ordinary shares, preferred shares, debt securities, and depositary shares from time to time in amounts, at prices and on terms to be determined at or prior to the time of the offering.

10M 11M
May 01, 2023

20-F filing | 10.1M shares outstanding

10M 9.1M
May 02, 2022

20-F filing | 7.4M shares outstanding

7.4M 9.1M
Mar 09, 2022

F-1 filing: This F-1 filing relates to the resale of up to 9,100,574 ordinary shares by a selling shareholder, including shares potentially issuable upon conversion of a convertible promissory note and exercise of warrants.

7.6M 9.1M
May 18, 2021

20-F filing | 7.4M shares outstanding

7.4M 0
Jan 28, 2021

F-3 filing: The filing indicates that the company may offer and sell up to $50,000,000 of various securities, including ordinary shares, preferred shares, warrants, debt securities, rights to purchase securities, or depositary shares.

7.4M 0
Jun 15, 2020

20-F filing | 7.4M shares outstanding

7.4M 0
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